Quadplex with RV
For Sale
$750,000
804 66TH Avenue W, Bradenton, FL 34207
Residential Income, BRADENTON, FL
Property Size3,276 SF
Lot Size0.42 Acres
Price / SF$228.94
Days on Market8
Property Features for 804 66TH Avenue W
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RDD4.5
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 1, Bathroom 7, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 6, Bedroom 5, Bathroom 4, Bathroom 6, Family Room, Bedroom 2, Bathroom 5, Bathroom 3, Bathroom 2
Parking features
Driveway, Covered
Window features
Skylight(s)
Patio and Porch features
Porch, Deck
Pets allowed
Cats OK, Dogs OK
Interior features
Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Vaulted Ceiling(s)
Exterior features
Balcony
Appliances
Dishwasher, Disposal, Range, Refrigerator
Subdivision
PATRISON
Lot features
In County, Level, Oversized Lot, Paved
Directions
From University Pkwy, North on US 41, East on 66th Ave W, Property is down on your right.
Standard status
Active
APN
6493300054
Size
3,276 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 92 FT OF LOT 32 BLK E PATRISON SUB PI#64933.0005/4
Tax Annual Amount
8201
Legal Description
W 92 FT OF LOT 32 BLK E PATRISON SUB PI#64933.0005/4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
wraparound porches
Building Details
Year built
1988
Floors in Building
2
Flooring type
Vinyl, Tile, Tile - Ceramic, Carpet
Building materials
Frame
Roof type
Shingle
Listing Agency:
WHITE SANDS REALTY GROUP FL
(941) 260-3350
Listed By:
Kano Keller · License #3009427
(941) 915-1297
Added: Sep 25
Changed: Oct 2
Last Checked: Oct 2 at 6:06PM
MLS# N6145938
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1988 multifamily property occupies 0.42 acres and contains 3,276 square feet of living area, with five bedrooms and five bathrooms. The front building has upper-level living areas with porches, while the rear includes a detached two-car garage with an attached one-bedroom, one-bath apartment. Driveway and covered parking are also present.
An RV pad has electric, water, and sewer hookups and is currently rented. The property is zoned RDD-4.5, and public water and sewer serve the site.
An RV pad has electric, water, and sewer hookups and is currently rented. The property is zoned RDD-4.5, and public water and sewer serve the site.
Key Highlights
- 3,276 square feet of living area on 0.42 acres
- Five bedrooms and five bathrooms
- Detached two‑car garage with attached one‑bedroom, one‑bath apartment
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
$43,035
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
5.74%
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%
$860,700
$860.7K
Cap Rate 7%
$614,786
$614.8K
Cap Rate 9%
$478,167
$478.2K
Market Conditions
NOI Build-Up for 3,276 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
$64.9K $19.80/SF
− Vacancy
−$3.4K −$1.03/SF
EGI
$61.5K $18.77/SF
− OpEx
−$18.4K −$5.63/SF
NOI
$43.0K $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%
$860,700
Cap Rate 7%
$614,786
Cap Rate 9%
$478,167
Alternative Uses
Best Use
Multifamily LT 5
$614.8K
$537.9K – $717.3K
NOI $43,035 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$566.3K
$495.5K – $660.7K
NOI $39,639 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$963.4K
$843.0K – $1.12M
NOI $67,436 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
547
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - A detached garage apartment and a rented RV pad add separate accommodation and income components to the property.
Where is this quadplex located?
The property is located at 804 66TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,276 square feet of living area on 0.42 acres; Five bedrooms and five bathrooms; Detached two‑car garage with attached one‑bedroom, one‑bath apartment
