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    The Largest CRE Database in the US with Over 1 Million Listings

    117 140Th Ave E Madeira Beach, FL 33708

    Sponsored
    For Sale
    $1,397,000

    Quadruplex - MADEIRA BEACH, FL

    Type:Quadruplex
    Property size:
    2,806 SF
    Lot size:
    0.12 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 24 at 11:06 am

    Property Features for 117 140Th Ave E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Security features
    Security Lighting, Smoke Detector(s)
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    10-31-15-34362-014-0030
    Parking features
    Assigned, Driveway
    Interior features
    Ceiling Fans(s)
    Exterior features
    Balcony, Permeable Paving, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sliding Doors, Dock, Security Lights
    Dock
    1
    Appliances
    Dryer, Ice Maker, Microwave, Range, Refrigerator
    Size
    2,806 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water front features
    Canal - Saltwater, Waterfront
    Water front
    1

    Building Details

    Year built
    1971
    Number of units
    4
    Building materials
    Block, Concrete
    Roof type
    Built-Up
    Architectural style
    Other

    We can help!

    Listing Contact
    Monika Krolivcova, PA

    Future Home Realty, Inc (727) 409-3368

    Listing agent Monika Krolivcova, PA (813) 855-4982 License #3328528

    Listing date Jan 23, 2026

    MLS# A4679373 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Madeira Beach Waterfront Quadruplex

    This fully occupied quadruplex is located in the heart of Madeira Beach. The solid concrete block structure is situated on a 0.12-acre intercoastal waterfront lot, with beach access directly across the street. A newer seawall and a brand new private composite dock with sturdy steps facilitate kayaking and fishing. The property is fenced with gates on each side, and the backyard offers ample space. Recent upgrades include new gutters and exquisite pavers. Each unit has designated parking, a private mailbox, and bike and canoe racks. The exterior and first-floor apartments have been freshly painted and remodeled. All work was permitted and inspected by the City of Madeira Beach, and all permits are closed. The downstairs apartments feature terrazzo floors, a spacious living/dining room, large double pane sliding doors, and new windows with water views, privacy blinds, and an open covered patio. Modern kitchens include granite countertops, wood cabinets, and stainless steel appliances, including a refrigerator with ice maker and water dispenser, stove, over-the-range microwave, and a washer/dryer in each unit. The property is centrally located with public beach access across the street, along with shops and restaurants. It is approximately 1 mile from John's Pass Village & Boardwalk, marina, and park, and about 2 miles from a shopping plaza with supermarkets, retail stores, and restaurants. St. Petersburg College Bay Pines STEM Center, Madeira Beach Fundamental Elementary School, VA Bay Pines, and VA Medical Center are nearby, with access to trails through War Veterans Memorial Park and 4 miles to Pinellas Trail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madeira Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.792095
    Latitude
    27.794679

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied, concrete block quadruplex with waterfront access in Madeira Beach.
    Where is this quadplex located?
    The property is located at 117 140Th Ave E Madeira Beach, FL.
    What is the asking price?
    The asking price for this property is $1,397,000.
    What are key features of this property?
    This property features: - Fully occupied concrete block quadruplex in Madeira Beach, offering immediate rental income.; - Intercoastal waterfront property features a new seawall and private composite dock, providing direct water access.; - Recent total remodeling and remediation of exterior and first-floor apartments, with all work permitted and inspected by the city.
    (813) 855-4982
    Request Owner's contact information
    117 140Th Ave E Madeira Beach, FL 33708
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    Madeira Beach, FL 33708
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 140Th Ave E Madeira Beach, FL 33708
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    We can help!
    Listing Contact
    Monika Krolivcova, PA
    Real Estate License ID: 3328528
    (813) 855-4982
    Learn more
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