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.
Sold for $370,400
$370,400
416 40th St E, Palmetto, FL 34221
4beds
4baths
1,944sqft
Duplex, Multi Family
Built in 1981
-- sqft lot
$370,300 Zestimate®
$191/sqft
$1,894 Estimated rent
Home value
$370,300
$348,000 - $396,000
$1,894/mo
Zestimate® history
Owner options
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$1,894/mo
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$1,894/mo
Rent Zestimate®
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$2,452/mo
Est. payment
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$2,452/mo
Est. payment
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List your homeWhat's special
Generous lotComfortable living spacesAmple natural lightSpacious layoutPlenty of outdoor space
Zillow last checked:
Listing updated:
Listed by:
Edward Bieker, PA 941-525-6473,
DALTON WADE INC 888-668-8283
Bought with:
Crystal Hobbs, 3626940
GULF SANDS REALTY, LLC
Brandon Hobbs, 3642737
GULF SANDS REALTY, LLC
Source: Stellar MLS,MLS#: A4690441
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Laundry: Inside, Laundry Room
Features
- Ceiling Fan(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat
- Flooring: Tile
- Windows: Blinds
- Has fireplace: No
Interior area
- Total structure area: 2,088
- Total interior livable area: 1,944 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Screened
- Fencing: Fenced
Lot
- Size: 9,627 Square Feet
Details
- Parcel number: 2279100123
- Zoning: RSF6
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: PALMETTO COUNTRY CLUB ESTATES FIRST UNIT
HOA
- Has HOA: No
Location
- Region: Palmetto
Financial & listing details
- Price per square foot: $191/sqft
- Tax assessed value: $289,668
- Annual tax amount: $4,529
- Date on market: 4/17/2026
- Cumulative days on market: 37 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Lease term: 24 Months
- Total actual rent: 3600
- Tenant pays: Electricity, Gas, Sewer, Trash Collection, Water
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Sold | $370,400-3.5%$191/sqft |
Source:  Stellar MLS #A4690441 Report a problem | ||
| 5/24/2026 | Pending sale | $384,000$198/sqft |
Source: Stellar MLS #A4690441 Report a problem | ||
| 4/17/2026 | Listed for sale | $384,000+34.8%$198/sqft |
Source: Stellar MLS #A4690441 Report a problem | ||
| 1/1/2025 | Listing removed | $284,900-8.1%$147/sqft |
Source: Stellar MLS #U8143419 Report a problem | ||
| 1/1/2024 | Listing removed | -- |
Source: Stellar MLS #U8143419 Report a problem | ||
| 11/23/2022 | Listed for rent | $1,800$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 12/30/2021 | Sold | $310,000+8.8%$159/sqft |
Source: Public Record Report a problem | ||
| 11/23/2021 | Pending sale | $284,900$147/sqft |
Source: Stellar MLS #U8143419 Report a problem | ||
| 11/16/2021 | Listed for sale | $284,900-69.4%$147/sqft |
Source: Stellar MLS #U8143419 Report a problem | ||
| 9/9/2021 | Sold | $930,000+987.7%$478/sqft |
Source: Public Record Report a problem | ||
| 10/29/2002 | Sold | $85,500+0.6%$44/sqft |
Source: Public Record Report a problem | ||
| 4/1/1997 | Sold | $85,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,529 +6.1% | $289,668 +2.6% |
| 2024 | $4,268 -2.3% | $282,389 -1% |
| 2023 | $4,369 +2.6% | $285,310 +3.1% |
| 2022 | $4,257 +88.9% | $276,794 +179.5% |
| 2021 | $2,253 +4.8% | $99,041 +10% |
| 2020 | $2,150 +10.2% | $90,037 +14.5% |
| 2019 | $1,951 | $78,650 -26.8% |
| 2018 | $1,951 +16.3% | $107,446 +65.3% |
| 2017 | $1,678 +18.2% | $65,000 |
| 2016 | $1,420 | $65,000 |
| 2015 | $1,420 | $65,000 -13.3% |
| 2014 | $1,420 -3.8% | $74,997 -3.9% |
| 2013 | $1,476 +147459% | $78,000 +6.8% |
| 2012 | $1 | $73,007 -15.7% |
| 2011 | $1 | $86,562 -1.2% |
| 2010 | -- | $87,647 -15.8% |
| 2009 | $1,858 +8% | $104,103 -8.9% |
| 2008 | $1,721 -3.6% | $114,265 -1.8% |
| 2007 | $1,786 -3.8% | $116,418 +4% |
| 2006 | $1,856 +15.2% | $111,924 +18.9% |
| 2005 | $1,612 +21.7% | $94,114 +25.7% |
| 2003 | $1,324 +6.1% | $74,885 +6.6% |
| 2002 | $1,248 +0.7% | $70,234 -0.8% |
| 2001 | $1,240 +3.1% | $70,806 +5.2% |
| 2000 | $1,203 | $67,293 |
Find assessor info on the county website
Neighborhood: 34221
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Palm View Elementary SchoolGrades: PK-8Distance: 1.2 mi
- 2/10Palmetto High SchoolGrades: 8-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Palm View Elementary
- Middle: Lincoln Middle
- High: Palmetto High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$370,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$370,300
- Florida
- Manatee County
- Palmetto
- 34221
- 416 40th St E
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