Two-Unit Residential
New
For Sale
$275,000
913 915 32ND Avenue E, Bradenton, FL 34208
Residential Income, BRADENTON, FL
Property Size1,944 SF
Lot Size0.17 Acres
Price / SF$141.46
Days on Market4
Property Features for 913 915 32ND Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RSF6
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 3, Bathroom 1
Parking features
Driveway, Open
Window features
Aluminum Frames
Interior features
Ceiling Fans(s), Eat-in Kitchen, Open Floorplan
Exterior features
Outbuildings
Subdivision
LA PLATA
Lot features
In County, Near Public Transit, Paved
Elementary school
Samoset Elementary
Middle school
Martha B. King Middle
High school
Southeast High
Directions
From US301 turn South on 9th St E and follow to turn East on 32nd Ave E. #913 and 915 are on the left.
Standard status
Active
APN
4720700006
Size
1,944 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 22 La Plata Park
Tax Annual Amount
3556
Legal Description
Lot 22 La Plata Park
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
indoor laundry
Building Details
Year built
1981
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate, Concrete
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Additional Structures
Outbuilding
Listing Agency:
WAGNER REALTY
(941) 761-3100
Listed By:
Maryann Lawler Garcia · License #3029405
(941) 587-4623
Added: Sep 22
Changed: Sep 25
Last Checked: Sep 25 at 11:06PM
MLS# A4707414
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 1981 duplex contains two residences, each with three bedrooms and two bathrooms across approximately 972 square feet. Together, the units provide 1,944 square feet on a 0.17-acre parcel. Both are occupied under month-to-month tenancies, and each has indoor laundry and dedicated driveway parking.
The property is just off US 301 and is zoned RSF6. Improvements include a roof installed in 2021, a new air-conditioning system in the east-side unit in 2023, and termite tenting completed in 2024. Public water and sewer serve the property.
The property is just off US 301 and is zoned RSF6. Improvements include a roof installed in 2021, a new air-conditioning system in the east-side unit in 2023, and termite tenting completed in 2024. Public water and sewer serve the property.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Approximately 972 square feet per unit; 1,944 square feet total
- Both units occupied by month‑to‑month tenants
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
$23,522
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
8.55%
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%
$470,440
$470.4K
Cap Rate 7%
$336,029
$336.0K
Cap Rate 9%
$261,356
$261.4K
Market Conditions
NOI Build-Up for 1,944 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
$45.3K $23.28/SF
− Vacancy
−$2.5K −$1.28/SF
EGI
$42.8K $22.00/SF
− OpEx
−$19.2K −$9.90/SF
NOI
$23.5K $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%
$470,440
Cap Rate 7%
$336,029
Cap Rate 9%
$261,356
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$336.0K
$294.0K – $392.0K
NOI $23,522 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$571.7K
$500.2K – $667.0K
NOI $40,017 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
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 - Both residences have three bedrooms, two bathrooms, indoor laundry, and separate driveway parking.
Where is this duplex located?
The property is located at 913 915 32ND Avenue E Bradenton, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Approximately 972 square feet per unit; 1,944 square feet total; Both units occupied by month‑to‑month tenants
