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416 40TH STREET E

Multi-family Active With Contract
$384,000

BTC: 6.09523810

ETH: 219.93127148

37 days
4 bds
1,944 sqft

Overview

Under contract-accepting backup offers. Investor opportunity in the heart of Palmetto! This recently updated duplex offers two separate units, ideal for generating rental income AS BOTH UNITS HAVE 1 YEAR LEASES IN PLACE. NEW ROOF MAY 2026. Both units feature two bedrooms and two baths with a spacious layout, comfortable living spaces, and ample natural light. Each includes a dedicated laundry/storage room and separately metered utilities. Situated on a generous lot, the property offers two private, fully fenced yards, along with plenty of outdoor space and parking. Conveniently located just minutes from US-41, I-275, and I-75, providing easy access to Bradenton, Sarasota, St. Petersburg, and Tampa. Not located in a flood zone. This duplex delivers value, location, and opportunity for those looking to secure a consistently income-producing property.

Location

Details

Type:
Residential Income
Parking:
Driveway
Year Built:
1981
Lot:
0.22 Acres
Heating:
Central / Electric
Price/sqft:
$198
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$439,900
$358K – $459K
Confidence Medium
List vs. estimate
$55K below estimate
List $384,000 · -12.7%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$197
Based on
9 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,529
2025
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Primary Bedroom Main Floor

    • Solid Wood Cabinets

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Parking

    • Driveway

    Property

    • Levels: One

    • Exterior Features: Fenced

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 2279100123

    • Zoning: RSF6

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Electricity Connected

    • Phone Available

    • Public

    • Sewer Connected

    • Water - Multiple Meters

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,529

  • Source details

    • MLS ID: A4690441

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Room

    • Patio And Porch Features: Patio / Screened

    • Window Features: Blinds

    • Living Area: 1944

    • Water Source: Public

    • Subdivision Name: PALMETTO COUNTRY CLUB ESTATES FIRST UNIT

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: DALTON WADE INC