Duplex with Updated
New
For Sale
$479,000
904 66TH Avenue W, Bradenton, FL 34207
Residential Income, BRADENTON, FL
Property Size2,268 SF
Lot Size0.46 Acres
Price / SF$211.20
Days on Market5
Property Features for 904 66TH Avenue W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD4.5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Driveway, Covered
Pets allowed
Yes
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat
Exterior features
Outbuildings, Fence, Private Mailbox, Storage
Fencing
Fenced
Appliances
Built-In Oven, Dishwasher, Disposal, Electric Water Heater, Refrigerator
Subdivision
PATRISON
Lot features
In County, Level, Near Public Transit, Paved
Elementary school
Florine J. Abel Elementary
Middle school
Electa Arcotte Lee Magnet
High school
Southeast High
Directions
From US41/N Tamiami Trail/14th St W - Head East on 66th Ave W to 904/906 66th Ave W on right.
Standard status
Active
APN
6493700006
Size
2,268 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 35 BLK E PATRISON SUB PI#64937.0000/6
Tax Annual Amount
4194
Legal Description
LOT 35 BLK E PATRISON SUB PI#64937.0000/6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private laundry area
additional storage
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage, Outbuilding
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 954-5454
Listed By:
Lee Brewer · License #0681592
(941) 724-3448
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 2 at 7:06PM
MLS# A4707770
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 2,268-square-foot duplex contains two residences: one with 3 bedrooms and 1 bathroom, and another with 2 bedrooms and 1 bathroom. Each unit has a 1-car carport, a private laundry area, and additional storage. The shingle roof was installed in April 2025. Built in 1974, the property has central air conditioning, electric heat, a fenced lot, and public water and sewer service.
The 0.46-acre property is in Bradenton, with access to US-41 and proximity to Sarasota-Bradenton International Airport, shopping, dining, waterfront parks, downtown Sarasota, and Gulf beaches. Zoning is RDD4.5.
The 0.46-acre property is in Bradenton, with access to US-41 and proximity to Sarasota-Bradenton International Airport, shopping, dining, waterfront parks, downtown Sarasota, and Gulf beaches. Zoning is RDD4.5.
Key Highlights
- Duplex totals 2,268 square feet on a 0.46‑acre lot
- Two floor plans: 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom
- Each residence has a 1‑car carport, private laundry area, and storage
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
$29,794
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
6.22%
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%
$595,880
$595.9K
Cap Rate 7%
$425,629
$425.6K
Cap Rate 9%
$331,044
$331.0K
Market Conditions
NOI Build-Up for 2,268 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
$44.9K $19.80/SF
− Vacancy
−$2.3K −$1.03/SF
EGI
$42.6K $18.77/SF
− OpEx
−$12.8K −$5.63/SF
NOI
$29.8K $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 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%
$595,880
Cap Rate 7%
$425,629
Cap Rate 9%
$331,044
Alternative Uses
Best Use
Multifamily LT 5
$425.6K
$372.4K – $496.6K
NOI $29,794 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$392.0K
$343.0K – $457.4K
NOI $27,442 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$666.9K
$583.6K – $778.1K
NOI $46,686 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
553
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?
Duplex - Two distinct floor plans pair with covered parking and private laundry areas for each residence.
Where is this duplex located?
The property is located at 904 66TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Duplex totals 2,268 square feet on a 0.46‑acre lot; Two floor plans: 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom; Each residence has a 1‑car carport, private laundry area, and storage
