Renovated Beach Duplex with Rear
For Sale
$599,000
14036 MARGUERITE DRIVE, Madeira Beach, FL 33708
Newly renovated Madeira Beach duplex includes two units and a detached rear room/building with added flexibility.
Property Size1,443 SF
Price / SF$415.11
Days on Market56
Property Features for 14036 MARGUERITE DRIVE
General Information
Standard status
Active
Size
1,443 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
0.12 acres, Dimensions: 51x102
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 10-31-15-34398-019-0270, Public Survey Range: 15, Public Survey Section: 10, Tax Block: S, Tax Book Number: 23-67, Legal Description: GULF SHORES 5TH ADD BLK S, LOT 27, Lot: 27, Year: 2025
Tile
Central Air
Central
Electric Dryer Hookup, Outside, Washer Hookup
Listing ID: MFRTB8529158, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-07-14, 44 days on market, Special Conditions: None
3 total bedrooms
Built in 1971, Living area: 1443, Living area units: Square Feet, Levels: One, Construction Materials: Block
Subdivision: GULF SHORES 5TH ADD, MLS Area (Major): 33708 - St Pete/Madeira Bch/N Redington Bch/Shores, County/Parish: Pinellas
Completed
2 total bathrooms
BB/HS Internet Available, Electricity Available, Sewer Available, Water Source: Public
Slab
Road Surface: Asphalt
Rain Gutters, Storage
Open Floorplan
Microwave, Range, Refrigerator
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS ST PETE REALTY
(727) 894-1600
Listed By:
Brian Baker · License #3608413
(727) 605-4433
Source:
Miharaandassociates
Added: Jul 14
Changed: Sep 6
Last Checked: Sep 7 at 6:42AM
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 KELLER WILLIAMS ST PETE REALTY
Investment Insights
Based on property information with market context.
This newly renovated Madeira Beach duplex offers two existing units and a detached rear room/building that may provide additional storage, office, or guest space possibilities, subject to zoning, permitting, and buyer due diligence. Recent improvements include new HVAC, new electrical and electrical panels, new kitchens, fresh interior and exterior paint, and new appliances.
The property is located just minutes from the Gulf beaches and nearby John’s Pass, along with restaurants, shopping, boating, and entertainment.
The listing is currently marketed as a duplex with additional rear building potential. Buyers should verify zoning, permits, rental restrictions, flood zone information, room counts, and any potential for triplex or additional-unit use with the City of Madeira Beach and appropriate authorities.
The property is located just minutes from the Gulf beaches and nearby John’s Pass, along with restaurants, shopping, boating, and entertainment.
The listing is currently marketed as a duplex with additional rear building potential. Buyers should verify zoning, permits, rental restrictions, flood zone information, room counts, and any potential for triplex or additional-unit use with the City of Madeira Beach and appropriate authorities.
Key Highlights
- Newly renovated Madeira Beach duplex (built 1971) with two existing units plus a detached rear room/building.
- Recent upgrades include new HVAC, new electrical, new electrical panels, new kitchens, fresh interior/exterior paint, and new appliances.
- Detached rear room/building may offer additional storage, office, or guest space, or potential future use (buyer to verify zoning/permits).
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
$16,843
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
2.81%
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%
$336,860
$336.9K
Cap Rate 7%
$240,614
$240.6K
Cap Rate 9%
$187,144
$187.1K
Market Conditions
NOI Build-Up for 1,443 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
$25.8K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$24.1K $16.67/SF
− OpEx
−$7.2K −$5.00/SF
NOI
$16.8K $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%
$336,860
Cap Rate 7%
$240,614
Cap Rate 9%
$187,144
Alternative Uses
Best Use
Multifamily LT 5
$240.6K
$210.5K – $280.7K
NOI $16,843 @ 7.0% cap · market cap 2.81%
Second Best
Apartment 5plus
$189.6K
$165.9K – $221.2K
NOI $13,271 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$375.3K
$328.4K – $437.9K
NOI $26,273 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
567
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 - Newly renovated Madeira Beach duplex includes two units and a detached rear room/building with added flexibility.
Where is this duplex located?
The property is located at 14036 MARGUERITE DRIVE Madeira Beach, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Newly renovated Madeira Beach duplex (built 1971) with two existing units plus a detached rear room/building.; Recent upgrades include new HVAC, new electrical, new electrical panels, new kitchens, fresh interior/exterior paint, and new appliances.; Detached rear room/building may offer additional storage, office, or guest space, or potential future use (buyer to verify zoning/permits).
