Duplex Requiring Full
For Sale
$329,900
148 147TH E AVENUE, Madeira Beach, FL 33708
Two private-entry units offer coastal proximity and separate living spaces for a complete renovation project.
Property Size960 SF
Price / SF$343.65
Days on Market505
Property Features for 148 147TH E AVENUE
General Information
Standard status
Active
Size
960 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,532
Building Details
Year Built
1953
Listing Agency:
SKYWAY REAL ESTATE, LLC
Listed By:
Justin Garrett · License #3491574
(727) 870-0877
Source:
Exitrealty
Added: May 30, 2025
Changed: Oct 10
Last Checked: Oct 11 at 3:43AM
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 SKYWAY REAL ESTATE, LLC
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Investment Insights
Based on property information with market context.
Built in 1953, this duplex contains two separate units, each arranged with one bedroom, one bathroom, and its own private entrance. The property offers 960 of reported property size and is positioned near the Gulf of America in Madeira Beach.
Both units experienced flooding during a recent hurricane, and the structure requires full renovation because of water damage. The sale is offered as-is, presenting a property with substantial repair needs and a residential income configuration for a buyer prepared to renovate or rebuild.
Both units experienced flooding during a recent hurricane, and the structure requires full renovation because of water damage. The sale is offered as-is, presenting a property with substantial repair needs and a residential income configuration for a buyer prepared to renovate or rebuild.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom in each unit
- Private entrance serving each residential unit
- 960 reported property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,206
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,120
$224.1K
Cap Rate 7%
$160,086
$160.1K
Cap Rate 9%
$124,511
$124.5K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$17.2K $17.88/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$16.0K $16.67/SF
− OpEx
−$4.8K −$5.00/SF
NOI
$11.2K $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%
$224,120
Cap Rate 7%
$160,086
Cap Rate 9%
$124,511
Alternative Uses
Best Use
Multifamily LT 5
$160.1K
$140.1K – $186.8K
NOI $11,206 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$126.1K
$110.4K – $147.2K
NOI $8,829 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$249.7K
$218.5K – $291.3K
NOI $17,479 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
646
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 - Two private-entry units offer coastal proximity and separate living spaces for a complete renovation project.
Where is this duplex located?
The property is located at 148 147TH E AVENUE Madeira Beach, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom in each unit; Private entrance serving each residential unit; 960 reported property size
