113 145 AVENUE E
Madeira Beach, FL 33708
$1,800,000
Virtually Staged. MADEIRA BEACH SIX-UNIT INCOME-PRODUCING PROPERTY — JUST TWO BLOCKS FROM THE BEACH! An exceptional opportunity to acquire a six-unit multifamily property in one of Madeira Beach's most desirable coastal locations. The property features a highly versatile mix of two one-bedroom units and four studio units, creating multiple avenues for rental income and long-term investment potential. Property is fully leased. The property currently generates significant income with low expenses and 6 CAP rate at list price. The combination of established income, incredible coastal location just two blocks from the beach, strong NOI, location, and six individual rental units provides an attractive foundation for both experienced multifamily investors and buyers looking to expand their income-producing portfolio. Unit sizes are approximately 700-800 square feet for the one-bedroom residences and approximately 550-650 square feet for the studios. Select units are fully furnished, providing additional flexibility for furnished, seasonal, or mid-term rental strategies where permitted. The efficient layouts and individual units provide the ability to manage and optimize rents on a unit-by-unit basis. Residents are within easy reach of the Gulf beaches, restaurants, shopping, entertainment, and the highly popular John's Pass Village & Boardwalk. The property's proximity to the beach and surrounding amenities provides strong rental appeal and supports continued demand from both local and seasonal tenants. The property presents an attractive combination of strong income, excellent location, good unit count, and future ...
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Listing Courtesy of: PREFERRED SHORE LLC
941-999-1179
| Listing Id: | A4708837 |
|---|---|
| List Price: | $1,800,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Multi-Family 5+ |
| Status: | Active |
| Living Area: | 2,145 |
| Tax Annual Amount: | $9,332 |
| Lot Size Square Feet: | 4,635 |
| Lot Size Acres: | 0.1 |
| Waterfront?: | No |
| City: | Madeira Beach |
| County Or Parish: | Pinellas |
| Postal Code: | 33708 |
| Year Built: | 1948 |
| Number Of Units Total: | 6 |
| Appliances: | Dishwasher, Microwave, Refrigerator |
| Building Area Source: | Public Records |
| Building Area Total: | 4635 |
| Building Area Units: | Square Feet |
| Foundation Details: | Slab |
| Construction Materials: | Block |
| Cooling: | Central Air |
| Directions: | From Tampa, FL Route: Take I-275 South toward St. Petersburg, then take Exit 28 for FL-694 W / Gandy Blvd (or continue down to follow FL-694 westward via Park Blvd across the Pinellas peninsula). Final Approach: Head west on Park Blvd (FL-694 W) toward the coast, turn north or south onto Gulf Blvd as appropriate, and turn onto 145th Ave in Madeira Beach. Travel Time / Distance: Approximately 40 minutes for about 27.4 miles under normal traffic conditions. From St. Petersburg, FL Route: Head west using 1st Ave N or Central Ave out toward the beaches. Final Approach: Connect to Gulf Blvd and travel north/northwest along the coast to 145th Ave in Madeira Beach. Travel Time / Distance: Approximately 27 minutes for about 11.2 miles under normal traffic conditions. |
| Flooring: | Luxury Vinyl |
| Gross Income: | $133,200 |
| Heating: | Central |
| Levels: | One |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | FloodZone, Sidewalk, Street Lights, Paved |
| Lot Size Acres: | 0.1 |
| Lot Size Dimensions: | 50x92 |
| MLS Area Major: | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores |
| MLS Area Major: | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores |
| Net Operating Income: | $103,200 |
| Original List Price: | $1,800,000 |
| Parcel Number: | 09-31-15-54306-000-0230 |
| Township: | 31 |
| Road Frontage Type: | City Street |
| Road Surface Type: | Asphalt, Paved |
| Roof: | Shingle |
| Listing Terms: | Owner Financing, Private Financing Available |
| Tax Year: | 2025 |
| Security Features: | Smoke Detector(s) |
| Sewer: | Public Sewer |
| Special Listing Conditions: | Real Estate Owned |
| State Or Province: | FL |
| Utilities: | BB/HS Internet Capable, Electricity Available, Water Connected |
| View: | Beach, Gulf/Ocean - Partial |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 15 |
| Public Survey Section: | 09 |
| Zoning: | MULTI |
| Additional Water Information: | Directly across the street from Madeira Beach, walk two blocks and you are on the beach. |
| Annual Expenses: | 30000 |
| Annual Income Type: | Actual |
| Building Area Total Srch Sq M: | 430.61 |
| Calculated List Price By Calcula: | 388.35 |
| Ceiling Type: | Drywall |
| Flood Zone Code: | AE |
| Green Verification Count: | 0 |
| Living Area Meters: | 199.28 |
| Lot Size Square Meters: | 431 |
| Realtor Info: | Currently Leased, Lease Restrictions, See Attachments |
| Sale Includes: | Building(s) and Land, Furniture/Fixtures, Leases |
| Sdeo yn: | No |
| Subdivision Num: | 54306 |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 2 |
| Unit Number Yn: | No |
| Water Access: | Beach |
| Water Access Yn: | Yes |
| Water Extras Yn: | No |
| Water View: | Yes |
| Road Responsibility: | Public Maintained Road |
| Attribution Contact: | 941-999-1179 |
| Originating System Name : | Stellar MLS |
| Dock Yn: | No |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-10-07 |
| Income Includes: | Parking, Recreation, Storage |
| Total Parking Spaces: | 6 |
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Property Last Updated: November 06, 2026 12:45 PM - ET
