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This Madeira Beach duplex offers a strong value-add opportunity in a high-demand coastal rental market with excellent pro-forma income potential. Each unit is a 1-bedroom, 1-bath layout, and based on recent area comparables, fully renovated units in this neighborhood can command approximately $1,800 a month per side. This positions the property for a projected gross annual income of roughly $43,000 after renovation. The structure is block-on-slab with a duplex configuration plus a detached garage that includes an additional bathroom, offering potential for added storage, workspace, or possible future income uses subject to zoning and permitting. The roofs are approximately nine years old and in good condition. The property experienced flooding during Hurricane Helene and has not been rebuilt since. This setup allows a new owner to complete improvements to their preferred standard and maximize rental income. Property is being sold as-is.
| DAYS ON MARKET | 27 | LAST UPDATED | 11/22/2025 |
|---|---|---|---|
| TRACT | GULF SHORES 6TH ADD REP | YEAR BUILT | 1948 |
| COMMUNITY | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores | GARAGE SPACES | 1.0 |
| COUNTY | Pinellas | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores |
| CONSTRUCTION | Block |
| EXTERIOR | Private Entrance |
| GARAGE | Yes |
| HEAT | None |
| LOT | 6970 sq ft |
| LOT DIMENSIONS | 79x85 |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | GULF SHORES 6TH ADD REP |
| TAXES | 7717.58 |
| UTILITIES | Sewer Available, Water Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Jimmy Culler Jr., EASY HOME SALES, 727-201-8964
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/18/25 3:38 PM PST.
This IDX solution is (c) Diverse Solutions 2025.