Updated Duplex with Screened
For Sale
$294,900
5719 14th St E, Bradenton, FL 34203
Income-producing duplex with refreshed interiors, private outdoor space, and parking serving both units.
Property Size978 SF
Price / SF$301.53
Days on Market33
Property Features for 5719 14th St E
General Information
Standard status
Active
Size
978 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
screened lanai
fenced backyard
Building Details
Year Built
1949
Buildings
1
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 643-4508
Listed By:
Mark Hartman · License #3111305
Source:
Flflourish
Added: Jul 29
Changed: Aug 30
Last Checked: Aug 30 at 8:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This 978-square-foot duplex, built in 1949, has been updated with newer roofing and central HVAC systems serving both units. Ceramic tile extends through the interiors, while each side includes a screened lanai. Unit B features a remodeled kitchen with new cabinetry, oven/range, stainless steel refrigerator, quartz countertops, sink, faucet, and tile flooring. Its bathroom and lanai have also received updates.
The exterior stucco has been repainted, and the backyard has a new enclosed fence with a shade tree. Driveway parking accommodates 1–2 cars on each side. Current leases are assignable, and the configuration may support an owner occupying one unit while leasing the other. The property is in Bradenton, with retail and restaurants on 14th Street West a few minutes away and Bradenton Beach and Anna Maria Island within a short drive.
The exterior stucco has been repainted, and the backyard has a new enclosed fence with a shade tree. Driveway parking accommodates 1–2 cars on each side. Current leases are assignable, and the configuration may support an owner occupying one unit while leasing the other. The property is in Bradenton, with retail and restaurants on 14th Street West a few minutes away and Bradenton Beach and Anna Maria Island within a short drive.
Key Highlights
- 978 SF duplex built in 1949
- Newer roof and central HVAC systems serving both units
- Screened lanai provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,848
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$256,960
$257.0K
Cap Rate 7%
$183,543
$183.5K
Cap Rate 9%
$142,756
$142.8K
Market Conditions
NOI Build-Up for 978 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.4K $19.80/SF
− Vacancy
−$1.0K −$1.03/SF
EGI
$18.4K $18.77/SF
− OpEx
−$5.5K −$5.63/SF
NOI
$12.8K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$256,960
Cap Rate 7%
$183,543
Cap Rate 9%
$142,756
Alternative Uses
Best Use
Multifamily LT 5
$183.5K
$160.6K – $214.1K
NOI $12,848 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$169.1K
$147.9K – $197.2K
NOI $11,834 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$287.6K
$251.7K – $335.5K
NOI $20,132 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with refreshed interiors, private outdoor space, and parking serving both units.
Where is this duplex located?
The property is located at 5719 14th St E Bradenton, FL.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: 978 SF duplex built in 1949; Newer roof and central HVAC systems serving both units; Screened lanai provided for each unit
