30-Unit Apartment
For Sale
Under Contract
$5,400,000
904 33RD Avenue E, Bradenton, FL 34208
Residential Income, BRADENTON, FL
Property Size30,240 SF
Lot Size4.43 Acres
Price / SF$178.57
Days on Market152
Property Features for 904 33RD Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD6
Bedrooms
90
Bathrooms
60
Full bathrooms
60
Rooms
Bathroom 56, Bathroom 2, Bedroom 64, Bathroom 49, Bedroom 73, Bedroom 1, Bedroom 87, Bathroom 25, Bathroom 35, Bedroom 53, Bedroom 8, Bedroom 7, Bathroom 37, Bedroom 67, Bathroom 21, Bedroom 62, Bedroom 44, Bedroom 14, Bedroom 69, Bedroom 66, Bedroom 83, Bedroom 17, Bathroom 16, Bedroom 41, Bathroom 20, Bathroom 28, Bedroom 26, Bathroom 1, Bathroom 19, Bedroom 33, Bathroom 36, Bedroom 81, Bedroom 12, Bedroom 50, Bathroom 57, Bathroom 18, Bathroom 45, Bedroom 5, Bathroom 26, Bathroom 27, Bathroom 43, Bathroom 5, Bathroom 3, Bathroom 6, Bedroom 74, Bedroom 13, Bedroom 60, Bedroom 46, Bedroom 68, Bedroom 28, Bedroom 3, Bedroom 75, Bathroom 23, Bedroom 20, Bathroom 15, Bedroom 61, Bathroom 17, Bedroom 39, Bedroom 71, Bathroom 34, Bedroom 18, Bedroom 23, Bedroom 88, Bedroom 22, Bathroom 12, Bedroom 47, Bathroom 9, Bathroom 39, Bathroom 13, Bedroom 11, Bedroom 45, Bedroom 76, Bedroom 16, Bathroom 11, Bathroom 29, Bathroom 48, Bedroom 25, Bedroom 19, Bedroom 84, Bathroom 33, Bedroom 52, Bedroom 27, Bedroom 43, Bedroom 51, Bedroom 79, Bedroom 85, Bathroom 38, Bathroom 54, Bathroom 7, Bedroom 58, Bedroom 80, Bedroom 40, Bathroom 44, Bathroom 4, Bedroom 35, Bedroom 57, Bedroom 65, Bedroom 77, Bedroom 21, Bedroom 24, Bedroom 15, Bathroom 55, Bedroom 34, Bathroom 30, Bathroom 14, Bedroom 37, Bathroom 47, Bathroom 50, Bathroom 42, Bedroom 4, Bathroom 8, Bedroom 70, Bathroom 32, Bedroom 36, Bedroom 86, Bedroom 30, Bedroom 90, Bedroom 55, Bathroom 59, Bathroom 53, Bedroom 63, Bathroom 24, Bathroom 40, Bedroom 10, Bathroom 31, Bedroom 31, Bedroom 32, Bedroom 59, Bedroom 89, Bathroom 10, Bathroom 51, Bathroom 60, Bedroom 38, Bedroom 42, Bedroom 9, Bathroom 58, Bathroom 41, Bedroom 6, Bathroom 46, Bathroom 52, Bathroom 22, Bedroom 49, Bedroom 2, Bedroom 48, Bedroom 56, Bedroom 78, Bedroom 29, Bedroom 54, Bedroom 82, Bedroom 72
Parking features
Driveway
Interior features
Open Floorplan
Exterior features
Private Yard, Sidewalk
Subdivision
RUSTIC PINES
Directions
Bradenton, FL
Standard status
Active Under Contract
APN
4732500959
Size
30,240 SF
Lot size
4.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 15, LESS THE E 32 FT RUSTIC PINES SUB PI#47325.0080/8
Tax Annual Amount
52842
Legal Description
LOT 15, LESS THE E 32 FT RUSTIC PINES SUB PI#47325.0080/8
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning
washer/dryer hookups
trash service
Building Details
Year built
1984
Number of units
30
Flooring type
Vinyl, Tile
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Tito Urbano Perez · License #3470017
(407) 907-0350
Added: Mar 25
Changed: Aug 20
Last Checked: Aug 23 at 8:06PM
MLS# TB8490564
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.
Constructed in 1984, this apartment property comprises 15 concrete-block duplex buildings with 30 units totaling 30,240 square feet. The improvements occupy a 4.43-acre parcel and feature pitched shingle roofs, slab foundations, central air conditioning, vinyl and tile flooring, and washer/dryer hookups. Each residence is approximately 1,008 square feet with three bedrooms and two bathrooms, including a primary bedroom with a private rear entrance and en-suite bath.
Electricity and water are separately metered to each unit, while the landlord covers trash service. The property receives public water and public sewer service and includes driveway parking, sidewalks, and private yards. Located in Bradenton’s Manatee County, the property is minutes from Downtown Bradenton, major retail, employment hubs, Sarasota, and St. Petersburg.
Electricity and water are separately metered to each unit, while the landlord covers trash service. The property receives public water and public sewer service and includes driveway parking, sidewalks, and private yards. Located in Bradenton’s Manatee County, the property is minutes from Downtown Bradenton, major retail, employment hubs, Sarasota, and St. Petersburg.
Key Highlights
- 30 units totaling 30,240 square feet on 4.43 acres
- 15 concrete‑block duplex buildings constructed in 1984
- Each unit offers approximately 1,008 square feet with 3 bedrooms and 2 bathrooms
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
$365,897
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
6.78%
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%
$7,317,940
$7.3M
Cap Rate 7%
$5,227,100
$5.2M
Cap Rate 9%
$4,065,522
$4.1M
Market Conditions
NOI Build-Up for 30,240 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
$704.0K $23.28/SF
− Vacancy
−$38.7K −$1.28/SF
EGI
$665.3K $22.00/SF
− OpEx
−$299.4K −$9.90/SF
NOI
$365.9K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$7,317,940
Cap Rate 7%
$5,227,100
Cap Rate 9%
$4,065,522
Alternative Uses
Best Use
Apartment 5plus
$5.23M
$4.57M – $6.10M
NOI $365,897 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.89M
$7.78M – $10.37M
NOI $622,484 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fifteen concrete-block duplex buildings offer three-bedroom residences with central air and separate electric and water metering.
Where is this apartment building located?
The property is located at 904 33RD Avenue E Bradenton, FL.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 30 units totaling 30,240 square feet on 4.43 acres; 15 concrete‑block duplex buildings constructed in 1984; Each unit offers approximately 1,008 square feet with 3 bedrooms and 2 bathrooms
