Rented 2-Bed Duplex Income
For Sale
Contact for pricing
6524 12th St W, Bradenton, FL 34207
Income-producing duplex with separately metered utilities and two 2/1 units in Flood Zone X.
Property Size1,500 SF
Price / SF$293.33
Days on Market67
Property Features for 6524 12th St W
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multifamily
Zoning
RDD4.5
Occupancy
100%
Building Details
Year Built
1976
Year Renovated
1998
Buildings
1
Stories
1
Listing Agency:
Korman Realty
(954) 598-3277
Listed By:
Michael Korman · License #BK3316647
Source:
Crexi
Added: Jun 13
Changed: Aug 16
Last Checked: Aug 17 at 5:28PM
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 Korman Realty
Investment Insights
Based on property information with market context.
This income-producing duplex offers two separate 2-bedroom, 1-bath units under one ownership. The property is currently fully rented. Each unit has separately metered electric and water, which helps simplify utility management for an owner and supports unit-level billing.
The duplex is located at 6524 12th St W in Bradenton, FL 34207, within a TIF zone. The remarks note that tax increment is used to fund public improvements intended to support economic development and help revitalize designated areas. The property is also identified as being in Flood Zone X.
For tenants, the configuration provides two independently metered living spaces in a duplex format. For buyers, the separately metered utilities and fully rented status present an opportunity to acquire a ready-to-operate residential income property. The seller notes that neighboring duplexes to the north and south are also income-producing and available for purchase under the same ownership, which may be relevant for a buyer seeking portfolio expansion.
The duplex is located at 6524 12th St W in Bradenton, FL 34207, within a TIF zone. The remarks note that tax increment is used to fund public improvements intended to support economic development and help revitalize designated areas. The property is also identified as being in Flood Zone X.
For tenants, the configuration provides two independently metered living spaces in a duplex format. For buyers, the separately metered utilities and fully rented status present an opportunity to acquire a ready-to-operate residential income property. The seller notes that neighboring duplexes to the north and south are also income-producing and available for purchase under the same ownership, which may be relevant for a buyer seeking portfolio expansion.
Key Highlights
- Income‑producing 2‑bed/1‑bath duplex built in 1976
- Total of 1,500 living SF with two 2/1 units
- Separately metered electric and water 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
$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
100%
Occupancy
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 with separately metered utilities and two 2/1 units in Flood Zone X.
Where is this duplex located?
The property is located at 6524 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 2‑bed/1‑bath duplex built in 1976; Total of 1,500 living SF with two 2/1 units; Separately metered electric and water for each unit
