13388 1ST STREET E, Madeira Beach, FL 33708

• 6 beds |
• 5 baths |
• 1,572 sqft

Property Description

Income-Producing Coastal Triplex – One Block from Madeira Beach Rare opportunity to own a fully renovated, income-producing triplex just one block from the Gulf beaches in desirable Madeira Beach. Two of the three units are currently leased, generating $3,600 per month in rental income, with the third unit available to lease, occupy, or use as a seasonal residence—offering immediate cash flow with additional upside. The property features two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, making it an ideal investment for seasonal residents, traveling professionals, or those seeking extended beach stays. The area is well suited for 90-day+ seasonal rentals, providing strong demand while minimizing the turnover associated with STR rentals. Property Highlights Income-producing property with two leased units generating $3,600/month Opportunity to lease the third unit and achieve projected rental income of $6,000+ per month ($72,000+ annually) One block from Madeira Beach Approximately a 5-minute walk to John’s Pass Village, restaurants, shops, and marina Multifamily zoning with potential for duplex through quadplex development (buyer to verify all zoning and redevelopment opportunities) New HVAC systems and water heaters Updated kitchens, bathrooms, flooring, and fixtures Turnkey, low-maintenance condition Located in a high-demand beachside area with excellent long-term appreciation and rental potential Whether you’re an investor seeking immediate cash flow, a buyer looking to maximize rental income, or a house hacker wanting to live in one unit while the others generate income, this renovated beachside triplex provides a rare combination of location, flexibility, and long-term value.

Listing Status:

Active

Date Added:

March 16, 2026

Data Last Updated:

July 27, 2026 at 2:23AM

Listing Office:

BEYCOME OF FLORIDA LLC : 804-656-5007

Listing Agent:

Steven Koleno : 804-656-5007

MLS ID:

O6391215

Interior

• General: Thermostat
• Laundry: None
• A/C: Mini-Split Unit(s)
• Heating: Electric

Exterior

• General: BalconySidewalkStorage

Construction

• Roofing: Shingle
• General: BlockStuccoSlab

Location

• Road/Access: Concrete
• Originating MLS: Stellar MLS
• County: Pinellas

Lot

• Zoning: MITCHELL'S BEACH REVISED BLK 11LOT 1215-31-15-58320-011-0120

Utilities

• Utilities: Electricity AvailableElectricity ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple