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Lasbury Tracy Realty Inc
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$1,800,000

Active

113 145 Ave E, Madeira Beach, FL 33708

2,145 sq ft

Listing courtesy of PREFERRED SHORE LLC Β· MLS# A4708837

2 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Virtually Staged. MADEIRA BEACH SIX-UNIT INCOME-PRODUCING PROPERTY β€” JUST TWO BLOCKS FROM THE BEACH! An exceptional opportunity to acquire a six-unit multifamily property in one of Madeira Beach's most desirable coastal locations. The property features a highly versatile mix of two one-bedroom units and four studio units, creating multiple avenues for rental income and long-term investment potential. Property is fully leased. The property currently generates significant income with low expenses and 6 CAP rate at list price. The combination of established income, incredible coastal location just two blocks from the beach, strong NOI, location, and six individual rental units provides an attractive foundation for both experienced multifamily investors and buyers looking to expand their income-producing portfolio. Unit sizes are approximately 700-800 square feet for the one-bedroom residences and approximately 550-650 square feet for the studios. Select units are fully furnished, providing additional flexibility for furnished, seasonal, or mid-term rental strategies where permitted. The efficient layouts and individual units provide the ability to manage and optimize rents on a unit-by-unit basis. Residents are within easy reach of the Gulf beaches, restaurants, shopping, entertainment, and the highly popular John's Pass Village & Boardwalk. The property's proximity to the beach and surrounding amenities provides strong rental appeal and supports continued demand from both local and seasonal tenants. The property presents an attractive combination of strong income, excellent location, good unit count, and future upside that is increasingly difficult to find in the Madeira Beach market. An excellent opportunity to acquire a coastal multifamily asset with current cash flow and the potential to further optimize rental performance. Buyer to independently verify all zoning, permitted uses, rental restrictions, licensing requirements, operating expenses, income, and other property information.

Facts

Property type
Multi-Family 5+
Year built
1948
Water access
Beach
Water view
Yes
Flood zone
AE
Annual taxes
$9,332/yr
Listed
Oct 7, 2026
MLS #
A4708837

Commercial details

Building & site

Building size
4,635 SF
Lot size
0.1 acres (4,635 SF)
Zoning
MULTI
Parking spaces
6
Road frontage
City Street
Buildings
2
Occupancy
Tenant-occupied

Investor metrics

Price per SF (MLS)
$388.35/SF
Cap rate
6%
Net operating income
$103,200/yr
Gross income
$133,200/yr
Annual expenses
$30,000/yr
Units
6

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β€” confirm with the listing broker before relying on them. We never estimate a cap rate.

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Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

113 145 Ave E, Madeira Beach, FL 33708

Listing courtesy of PREFERRED SHORE LLC Β· MLS# A4708837 Β· Active

How would you like to see it?
Which day?
What time of day?

In person Β· Sat, Oct 10 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 9, 2026, 6:44 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]