Duplex With Private
617 59TH AVENUE DRIVE W, Bradenton, FL 34207
For Sale
New
$374,900
Separate HVAC systems and utility meters serve the two residences.
Property Size2,040 SF
Lot Size0.30 Acres
Price / SF$183.77
Days on Market5
Property Features for 617 59TH AVENUE DRIVE W
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Amenities
Florida/bonus room
inside utility area
private carport
large shared backyard
small playhouse
Building Details
Year Built
Buildings
Construction
Listing Agency:
RELAX PROPERTY GROUP, LLC
(941) 923-7200
Listed By:
Dane Peterson · License #3346860
(239) 357-5692
Source:
Dennisrealty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 3:28PM
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 RELAX PROPERTY GROUP, LLC
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Investment Insights
Based on property information with market context.
This 2,040-square-foot duplex in Bradenton contains two residences, each with three bedrooms, one bathroom, a living room, kitchen, Florida or bonus room, utility area and private carport. The frame building was constructed in 1975 and sits on a crawlspace. The roof dates to 2016, and both central HVAC systems were replaced in 2023. Utilities are separately metered. The property occupies a 0.30-acre lot with a shared backyard and a small playhouse.
One residence is leased through July 2027. The property is professionally managed, and the address is 617 59th Avenue Drive W. Shopping, restaurants, schools, SRQ Airport and Gulf beaches are identified as nearby destinations.
One residence is leased through July 2027. The property is professionally managed, and the address is 617 59th Avenue Drive W. Shopping, restaurants, schools, SRQ Airport and Gulf beaches are identified as nearby destinations.
Key Highlights
- Two three‑bedroom, one‑bath residences; 2,040 square feet total
- 0.30‑acre lot with a shared backyard and small playhouse
- Private carport for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,798
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,960
$536.0K
Cap Rate 7%
$382,829
$382.8K
Cap Rate 9%
$297,756
$297.8K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$40.4K $19.80/SF
− Vacancy
−$2.1K −$1.03/SF
EGI
$38.3K $18.77/SF
− OpEx
−$11.5K −$5.63/SF
NOI
$26.8K $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 Rate 5%
$535,960
Cap Rate 7%
$382,829
Cap Rate 9%
$297,756
Alternative Uses
Best Use
Multifamily LT 5
$382.8K
$335.0K – $446.6K
NOI $26,798 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$352.6K
$308.6K – $411.4K
NOI $24,684 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$599.9K
$524.9K – $699.9K
NOI $41,993 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 34207, FL
35,281
Population
19,411
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
5,690
Density / Sq Mi
$49,162
Median Household Income
$33,035
Median Earnings
$1,270
Median Rent
$122,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Bradenton, FL
Properties on Market for Duplexes in Bradenton
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate HVAC systems and utility meters serve the two residences.
Where is this duplex located?
The property is located at 617 59TH AVENUE DRIVE W Bradenton, FL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two three‑bedroom, one‑bath residences; 2,040 square feet total; 0.30‑acre lot with a shared backyard and small playhouse; Private carport for each residence
