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$1,800,000

113 145 AvenueMadeira Beach, FL 33708

Listing updated: October 9, 2026 at 2:40 PM ET

Active

Listing courtesy of Preferred Shore Llc · Daniel Petrilla · MLS #A4708837 · Active · 941-999-1179

Baths

2,145

Sq Ft

0.1

Acres

1948

Built

◆Water view◆Water access◆$388/sqft

Multi-Family 5+

Property type

1948

Year built

4,635 sqft

Lot size

$388

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

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 upside that is increasingly difficult to find in the Madeira Beach market. An excellent opportunity to acquire a coastal multifamily asset with current cash flow and the potential to further optimize rental performance. Buyer to independently verify all zoning, permitted uses, rental restrictions, licensing requirements, operating expenses, income, and other property information.

Estimated monthly payment

Principal & interest$9,102

Property taxes$778

Home insurance (est.)$825

Down payment

20%

$360,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history2 days on market

Status: Active
Oct 7, 2026
Listed$1,800,000
Oct 7, 2026

Property Documents

Documents the listing agent has made public for this property. Free to view and download.

Facts & features

Property type: Commercial Sale
Sub type: Multi-Family 5+
Status: Active
Days on market: 2
County: Pinellas
Year built: 1948
Living area: 2,145 sq ft
Price/sq ft: $388
Building area: 4,635 sq ft (Public Records)
Lot size: 4,635 sq ft
Lot category: 0 to less than 1/4
Flood zone: AE
Annual taxes: $9,332 (2025)
Parcel #: 09-31-15-54306-000-0230
Zoning: MULTI
MLS #: A4708837

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Interior Details

Flooring: Luxury Vinyl
Appliances: Dishwasher, Microwave, Refrigerator
Stories / Levels: One

Heating & Cooling

Heating: Central
Cooling: Central Air

HOA & Financial

Total monthly fees: None
Total annual fees: None
Listing terms: Owner Financing, Private Financing Available
Ownership: Fee Simple

Exterior & Construction

Construction materials: Block
Roof: Shingle
Foundation: Slab
Water access: Yes
Water view: Yes
Road surface: Asphalt, Paved

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: BB/HS Internet Capable, Electricity Available, Water Connected

Listing Details

Listing date: 2026-10-07
On market date: 2026-10-07
Original list price: $1,800,000
Occupant type: Tenant
Special conditions: Real Estate Owned
MLS area: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Listing AOR: Sarasota - Manatee
Status changed: 2026-10-07
Tax legal description: Madeira Shores Sub Lot 23 Tr 54306

Flood risk

High riskFEMA Zone AE

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

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.

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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of October 9, 2026 at 2:40 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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