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113 145 Avenue, FL
Stellar MLS

$1.80M

113 145 AvenueMadeira Beach, FL 33708

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

Active
Stellar MLSListing courtesy of Preferred Shore Llc · Daniel Petrilla · MLS #A4708837 · Active · 941-999-1179
0.1
Acres
6
Units
1948
Built
◆Multi-Family 5+◆5.73% cap rate
Multi-Family 5+

Property type

1948

Year built

4,635 sqft

Lot size

6

Units

MULTI

Zoning

2

Days on market

Investment & cash flow

5.73%
Cap rate
$103K
NOI / yr
$133K
Gross income (Actual)
$30K
Annual expenses
13.5
GRM

Income includes: Parking, Recreation, Storage

Figures provided by the listing broker — verify independently.

Lease terms

Occupancy
Tenant

About this property

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.

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
2
County
Pinellas
Year built
1948
Lot size
4,635 sq ft
Units
6
Buildings
2
Parking spaces
6
Road frontage
City Street
Annual taxes
$9K (2025)
Parcel #
09-31-15-54306-000-0230
Zoning
MULTI
MLS #
A4708837

Utilities

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

Listing details

Listing date
2026-10-07
On market date
2026-10-07
MLS area
33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Status changed
2026-10-07
Tax legal description
Madeira Shores Sub Lot 23 Tr 54306

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.

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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113 145 Avenue — $1.80M | MaxLife Commercial