Duplex with Covered
13434 1ST ST E, Madeira Beach, FL 33708
For Sale
$449,900
Residential Income, MADEIRA BEACH, FL
Property Size1,352 SF
Lot Size0.09 Acres
Price / SF$332.77
Days on Market513
Property Features for 13434 1ST ST E
General Information
Property type
Property subtype
Zoning
Rooms
Interior features
Exterior features
Subdivision
Directions
Special listing conditions
Standard status
APN
Size
Lot size
Taxes and HOA fees
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Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
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Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
MCKAY MANAGEMENT & REALTY
Listed By:
Irina McKay · License FL #3304955
(815) 483-5052
Added: Jun 16, 2025
Changed: Sep 12
Last Checked: Nov 10 at 3:06AM
MLS# A4656281
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.
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Investment Insights
Based on property information with market context.
This 1960 duplex contains 1,352 square feet across two residences, with a combined layout of four bedrooms and two bathrooms. Each unit provides two bedrooms and one bathroom, along with covered parking and private storage. The structure is block construction and includes central air, central electric heating, ceiling fans, a laundry room, and recycled/composite flooring. The property was demoed after Hurricane Milton, leaving the interior ready for renovation. A new shingle roof was installed in 2024.
The 0.09-acre property is located at 13434 1ST ST E in Madeira Beach, Florida, just steps from the sand. Public water and public sewer serve the site, with cable available. FEMA flood elevation requirements do not apply according to the provided property information.
The 0.09-acre property is located at 13434 1ST ST E in Madeira Beach, Florida, just steps from the sand. Public water and public sewer serve the site, with cable available. FEMA flood elevation requirements do not apply according to the provided property information.
Key Highlights
- 1,352‑square‑foot duplex on a 0.09‑acre lot
- Two units, each with 2 bedrooms and 1 bathroom
- 2024 shingle roof
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
$209.6K
$183.4K – $244.6K
NOI $14,673 @ 7.0% cap · market cap 3.26%
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.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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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
$463,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pinellas County, FL
Properties on Market for Duplexes in Pinellas County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit coastal property with private storage, public utilities, and a 2024 shingle roof.
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 on a 0.09‑acre lot; Two units, each with 2 bedrooms and 1 bathroom; 2024 shingle roof
