113 145 AVENUE E

Commercial For Sale

$1,800,000

BTC: 23.51097179

ETH: 800.00000000

31 days

For Sale

Commercial

0 room(s) •

2,145 sqft

Overview

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.

Location

Florida • MADEIRA BEACH • 33708 • Commercial • For Sale

Details

Type:

Commercial Sale

Parking:

No Data

Year Built:

1948

Lot:

0.10 Acres

Heating:

Central

Price/sqft:

$839

Cooling:

Central Air

HOA:

No Data

Type:

Commercial Sale

Parking:

No Data

Year Built:

1948

Lot:

0.10 Acres

Heating:

Central

Price/sqft:

$839

Cooling:

Central Air

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$189,900

$125K – $1.4M

Confidence Low

List vs. estimate

$1.6M above estimate

List $1,800,000 · +847.9%

Our model says this listing is priced above recent comparable activity. Room to negotiate.

Price per sq ft

$839

+0.0% vs. city median $839

Based on

5 MLS comparables

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$9,332

2025

All facts and features

Flooring

• Luxury Vinyl

Heating

• Central

Cooling

• Central Air

Appliances

• Dishwasher

• Microwave

• Refrigerator
Property

• Levels: One

Lot

• Lot: 0.10 Acres

Other Property Information

• Parcel Number: 093115543060000230

• Zoning: MULTI
Type and style

• Property Type: Commercial Sale

• Property Sub Type: Multi Family (5+)
Utility

• BB/HS Internet Capable

• Electricity Available

• Water Connected
Other financial information

• Annual tax amount: $9,332
Source details

• MLS ID: A4708837

Other facts

• Construction Materials: Block

• Foundation Details: Slab

• Lot Features: FloodZone / Sidewalk / Street Lights

• Living Area: 2145

• Water Source: Public

• Lot Size Dimensions: 50 x 92

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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: PREFERRED SHORE LLC

113 145 AVENUE E

Overview

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