Madeira Beach Duplex Near
For Sale
$449,900
13434 1ST ST E, Madeira Beach, FL 33708
Duplex in prime location, steps from the beach.
Property Size1,352 SF
Lot Size0.09 Acres
Days on Market175
Property Features for 13434 1ST ST E
General Information
Standard status
Active
Size
1,352 SF
Lot size
0.09 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$7,907
Building Details
Building Size
1,352 SF
Year Built
1960
Units
2
Listing Agency:
McKay Management & Realty
(815) 483-5052
Listed By:
Irina McKay · License #3304955
(815) 483-5052
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 30 at 8:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McKay Management & Realty
Investment Insights
Based on property information with market context.
This duplex is located in Madeira Beach, steps from the beach. The property contains two units, each with 2 bedrooms and 1 bath. The property also features covered parking and private storage. The property was demoed post-Hurricane Milton, and has a new roof as of 2024. County water and sewer are in place. There is no HOA. According to FEMA, there is no flood elevation requirement. The property is zoned R-2 with a 3-month minimum lease, allowing for flexible rental options, including renting both units, living in one and renting the other, or renovating and reselling. The property is surrounded by thriving short-term rentals.
Key Highlights
- Steps from Madeira Beach in a prime location.
- No flood elevation requirement per FEMA.
- New roof installed in 2024.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,781
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,620
$315.6K
Cap Rate 7%
$225,443
$225.4K
Cap Rate 9%
$175,344
$175.3K
Market Conditions
NOI Build-Up for 1,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.2K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$22.5K $16.67/SF
− OpEx
−$6.8K −$5.00/SF
NOI
$15.8K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,620
Cap Rate 7%
$225,443
Cap Rate 9%
$175,344
Alternative Uses
Best Use
Multifamily LT 5
$225.4K
$197.3K – $263.0K
NOI $15,781 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$177.6K
$155.4K – $207.2K
NOI $12,434 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$351.7K
$307.7K – $410.3K
NOI $24,617 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 33708, FL
16,034
Population
13,211
Households
1.2
Avg Household Size
60
Median Age
44%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
4,716
Density / Sq Mi
$83,773
Median Household Income
$49,403
Median Earnings
$1,961
Median Rent
$463,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in prime location, steps from the beach.
Where is this duplex located?
The property is located at 13434 1ST ST E Madeira Beach, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Steps from Madeira Beach in a prime location.; No flood elevation requirement per FEMA.; New roof installed in 2024.**
