Fully Rented 2-Bed
For Sale
Contact for pricing
6520 12th St W, Bradenton, FL 34207
Income-producing duplex in Bradenton with individually metered electric and water and two 2-bedroom, 1-bath units.
Property Size1,500 SF
Price / SF$293.33
Days on Market67
Property Features for 6520 12th St W
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multifamily
Zoning
RDD4.5
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1976
Year Renovated
1998
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Korman Realty
(954) 598-3277
Listed By:
Michael Korman · License #BK3316647
Source:
Crexi
Added: Jun 13
Changed: Aug 8
Last Checked: Aug 17 at 4:02PM
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 Korman Realty
Investment Insights
Based on property information with market context.
This income-producing duplex offers two separate 2-bedroom, 1-bath units with a total of 1,500 sq. ft. of living space. Both sides are currently fully rented. Electric and water are individually metered, which can help simplify ongoing utility management. The property is also described as being in Flood Zone X.
Located at 6520 12th St W in Bradenton, the duplex is situated within a TIF zone, where tax increment proceeds are used to fund public improvements within the designated area. The seller also notes that two neighboring duplexes to the north and south are available for purchase.
For tenants or operators, the unit mix provides two similar residential layouts under one ownership structure, with separate metering for each side. For buyers, the duplex is positioned as a turn-key option with occupancy already in place, alongside the potential to acquire adjacent duplexes owned by the same seller.
Located at 6520 12th St W in Bradenton, the duplex is situated within a TIF zone, where tax increment proceeds are used to fund public improvements within the designated area. The seller also notes that two neighboring duplexes to the north and south are available for purchase.
For tenants or operators, the unit mix provides two similar residential layouts under one ownership structure, with separate metering for each side. For buyers, the duplex is positioned as a turn-key option with occupancy already in place, alongside the potential to acquire adjacent duplexes owned by the same seller.
Key Highlights
- Income‑producing duplex built in 1976 in Bradenton; fully rented with two units
- 2 bed / 1 bath per side with 1,500 total SF of living space
- Rents increased to $1,300 per side
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
$19,705
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
4.48%
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%
$394,100
$394.1K
Cap Rate 7%
$281,500
$281.5K
Cap Rate 9%
$218,944
$218.9K
Market Conditions
NOI Build-Up for 1,500 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
$29.7K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$28.1K $18.77/SF
− OpEx
−$8.4K −$5.63/SF
NOI
$19.7K $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%
$394,100
Cap Rate 7%
$281,500
Cap Rate 9%
$218,944
Alternative Uses
Best Use
Multifamily LT 5
$281.5K
$246.3K – $328.4K
NOI $19,705 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$259.3K
$226.9K – $302.5K
NOI $18,150 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$441.1K
$386.0K – $514.6K
NOI $30,877 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
696
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
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 in Bradenton with individually metered electric and water and two 2-bedroom, 1-bath units.
Where is this duplex located?
The property is located at 6520 12th St W Bradenton, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1976 in Bradenton; fully rented with two units; 2 bed / 1 bath per side with 1,500 total SF of living space; Rents increased to $1,300 per side
