Duplex Redevelopment
For Sale
$449,900
13434 1st St E, Madeira Beach, FL 33708
The 1,352-square-foot property has county water and sewer service in place.
Property Size1,820 SF
Price / SF$332.77
Days on Market14
Property Features for 13434 1st St E
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Residential Income
Zoning
MULTI-FAM
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,907
Amenities
covered parking
private storage
Recycled/Composite Flooring
true
false
Laundry Room
Public Records
Ceiling Fan(s)
Public
4060
2
0.09
Paved
Storage
Concrete Perimeter
1820
1
Building Details
Building Size
1,820 SF
Year Built
1960
Listing Agency:
(813) 733-5919
Listed By:
Jeffrey Tabares
Source:
Wealthhavenrealty
Added: Oct 17
Changed: Oct 29
Last Checked: Oct 29 at 2:40PM
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 Jeffrey Tabares
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,352-square-foot duplex in Madeira Beach was demolished after Hurricane Milton. The property has a new roof installed in 2024, and county water and sewer service are in place. The former configuration comprised two units with a total of four bedrooms and two bathrooms.
The property is near the beach and has no HOA.
The property is near the beach and has no HOA.
Key Highlights
- 1,352‑square‑foot duplex property
- Demolished after Hurricane Milton
- New roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,781
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The 1,352-square-foot property has county water and sewer service in place.
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: 1,352‑square‑foot duplex property; Demolished after Hurricane Milton; New roof installed in 2024
