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$1,800,000 Just Listed

  • For Sale
  • Active
  • Commercial
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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 offer 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.

Full Property Details for 113 145 Ave E

General

  • Price: $1,800,000
  • Taxes: $9,332 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4708837
  • Updated: Today (10/7/2026)
  • Added to Site: Today

Interior

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Flooring: Luxury Vinyl

Additional Information

  • Security/Safety: Smoke Detector(s)

Location

  • Area: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
  • County: Pinellas
  • Development Name: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
  • Driving 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.

Community

  • Community Name: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Capable, Electricity Available, Water Connected

Structural Information

  • # Buildings: 2
  • Exterior Const.: Block
  • Roof: Shingle
  • Ceiling Type: Drywall
  • Stories/Levels: One
  • Square Feet: 2,145
  • Sq. Ft. Source: Public Records
  • Year Built: 1948

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,635
  • Lot Size: 4635
  • Lot Dimensions: 50 x 92
  • Frontage: Street Lights, Street Paved, City Street
  • Street/Road Desc.: Paved, Asphalt

Water Features

  • Water Access: Yes
  • Water Access Desc: Beach

Financial Considerations

  • Tax Amount: $9,332
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Real Estate Owned
  • Legal Description: Madeira Shores Sub Lot 23 Tr 54306
  • Flood Zone Info: AE
  • APN: 93115543060000230
  • Property ID: 93115543060000230

Listed by Preferred Shore Llc

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— 113 145 Ave E —

  • Preferred Shore Llc

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 113 145 Ave E

School District:Pinellas County School District
NameGradesDistance
Orange Grove Elementary School
10300 65th Avenue North, Seminole, FL 33772
K-52.4 mi
Seminole Middle School, Seminole, FL
8701 131st Street North, Seminole, FL 33776
6-83.9 mi
Seminole High School, Seminole, FL
8401 131st Street North, Seminole, FL 33776
9-123.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 113 145 Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Listed
$1,800,000
-28%
MLS
6/28/2023
Sold
$2,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 113 145 Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,325
-41%
$575,000
-42%
2024
$15,813
34%
$1,000,000
28%
2023
$11,759
14%
$780,000
23%
2022
$10,323
71%
$635,000
80%
2021
$6,052
—
$353,600
9%
2021
$6,052
-2%
$323,302
-8%
2019
$6,178
33%
$352,000
32%
2018
$4,647
7%
$266,200
4%
2017
$4,323
11%
$256,000
16%
2016
$3,909
1%
$220,000
4%
2015
$3,862
4%
$212,000
3%
2014
$3,728
3%
$206,000
3%
2013
$3,626
—
$200,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Preferred Shore Llc

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Price Reduced near 113 145 Ave E

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16333 Gulf Blvd, Redington Beach, FL 33708 - Photo 1 Price Reduced
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113 145 Avenue E, Madeira Beach, FL 33708 (MLS# A4708837) is a Commercial property. 113 145 Avenue E is currently listed for $1,800,000 and was received on October 07, 2026. Want to learn more about 113 145 Avenue E? Do you have questions about finding other Commercial real estate for sale in Madeira Beach? You can browse all Madeira Beach real estate or contact a Coldwell Banker agent to request more information.

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