13388 1st Street EMadeira Beach, FL 33708

Description

Income-Producing Coastal Triplex – One Block from Madeira Beach Rare opportunity to own a fully renovated, income-producing triplex just one block from the Gulf beaches in desirable Madeira Beach. Two of the three units are currently leased, generating $3,600 per month in rental income, with the third unit available to lease, occupy, or use as a seasonal residence—offering immediate cash flow with additional upside. The property features two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, making it an ideal investment for seasonal residents, traveling professionals, or those seeking extended beach stays. The area is well suited for 90-day+ seasonal rentals, providing strong demand while minimizing the turnover associated with STR rentals. Property Highlights Income-producing property with two leased units generating $3,600/month Opportunity to lease the third unit and achieve projected rental income of $6,000+ per month ($72,000+ annually) One block from Madeira Beach Approximately a 5-minute walk to John’s Pass Village, restaurants, shops, and marina Multifamily zoning with potential for duplex through quadplex development (buyer to verify all zoning and redevelopment opportunities) New HVAC systems and water heaters Updated kitchens, bathrooms, flooring, and fixtures Turnkey, low-maintenance condition Located in a high-demand beachside area with excellent long-term appreciation and rental potential Whether you’re an investor seeking immediate cash flow, a buyer looking to maximize rental income, or a house hacker wanting to live in one unit while the others generate income, this renovated beachside triplex provides a rare combination of location, flexibility, and long-term value.

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1959

Living area

1,572 Sq Ft

Lot size

0.09 acres

Ownership

Fee Simple

Days on market

190

MLS^® Listing#

O6391215

Property Features

Exterior

Balcony · Storage

Heating

Electric

Laundry

None

Construction

Block · Stucco

Foundation

Slab

Roof

Shingle

Utilities

Electricity Available · Electricity Connected · Sewer Available · Sewer Connected · Water Available · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$4,805Tax year 2025

Parcel number

15-31-15-58320-011-0120

Directions

Drive southwest on Tom Stuart Causeway/FL 666. Left to Gulf Bld/FL 699. Left to 134th Ave East. Turn right. Property is on the left.