Superbly located 4 unit investment opportunity with significant value-add / mark-to market rent execution. Property is conveniently located in Madeira Beach. Located less than 1 mile from the popular John's Pass Village and Boardwalk, just a 5 minute walk to beach. In place cap rate of 5.1%, with a potential cap rate of 6.4%. 2 BR units have central A/C, newer roof, landscaped - this is a great property in a quiet part of Madeira Beach. Upstairs units are 2/1 with wood and tile flooring, new kitchens with granite counter tops and private elevators. All units have been updated and are 100% occupied. The 2 ground floor pre-existing units are 1BR, 1BA of approximately 500 sq ft each. Assigned off-street parking for residents and street parking for their guests. Property is just a short drive from restaurants, attractions and all the beach has to offer. Non-Disclosure Agreement required to receive detailed property information.
Multi-familyProperty Type
1972Year Built
4,160 sq ftLot Size
$161Price/Sq.Ft.
2 car garageParking
Listed by Marc Pfleger• Rock Group Advisors LLC
Bought with Milad Aram Bonyar• IMPERIAL ESTATES REALTY INC
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
6
Stories
1
Lot width
40 ft.
Lot depth
104 ft.
Lot size
4,060 Sq. Ft.
Year renovated
2004
Sq. Ft.
2,756
Year built
1972
Style
Multi-Family (2-4 Unit)
County
Pinellas County
APN
153115653040100110
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 14, 2026.
R-2
Low Density Multifamily Residential District
The R-2, low density multifamily residential district provides for low density multifamily residential correlates with the residential medium (RM) category of the countywide plan and, which does allow for a variety of dwelling types.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Educational/school
Oct 9, 2020 • Final
Building combo
Replace an air conditioning unit on a residential building.
HVAC
Oct 9, 2020 • Final
Building combo
Install picket railing on stairs. The work is subject to municipal ordinance review.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Garage Spaces: 2
Has Attached Garage
Has Garage
Interior
Virtual Tour
Heating & Cooling
Heating Information: Central
Cooling Information: Central Air
Multi-Family Financial Information
Gross Income: $47,220
Annual Net Income: 0.00
Multi-Unit Information
Unit Number YN: 0
# of Units (Total): 4
# of Units: 2
Unit Type 1 Information
# of Units: 2
# of Bathrooms: 1
# of Bedrooms: 2
Unit Type 2 Information
# of Units: 2
Exterior
Building Information
Construction Materials: Block
Roof: Shingle
Exterior Features
Exterior Features: Balcony, Fence
Waterfront Information
Waterfront Feet Total: 0
Water View Y/N: 1
Water View Description: Intracoastal Waterway
Water Access Y/N: 0
Water Extras Y/N: 0
Property Information
Total Num Buildings: 1
CDD Y/N: 0
Property Type: Residential Income
Property Sub Type: Quadruplex
Zoning: R
Land Information
Total Acreage: Up to 10,889 Sq. Ft.
Lot Information
Lot Size Acres: 0.1
Lot Size Dimensions: 40x104
Financial
Tax Information
Tax Annual Amount: $4,841
Tax Year: 2017
Millage Rate: 17.43
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Public
Location
Location Information
Directions: 38th Ave N to Tyrone Blvd to FL-666 exit toward Madeira Beach/Redington Beach
Community Information
Community Features: None
Public facts
Beds: —
Baths: 6.0
Sq. Ft.: 2,756
Stories: 1.0
Lot Size: 4,060 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1972
Year Renovated: 2004
County: Pinellas County
APN: 153115653040100110
Home facts updated by county records on Aug 14, 2026
Other
Miscellaneous Information
Third Party YN: 1
Listing Information
Previous Status: Pending
Backups Requested YN: 1
Listing Date Information
Days to Contract: 41
Status Contractual Search Date: 2018-09-05T00:00:00.000
Listing Price Information
Calculated List Price By Calculated Sq Ft: 181.39
Home Information
Living Area: 2756
Living Area Source: Public Records
Building Area Total: 3456
Building Area Source: Public Records
Around this home
Schools
Orange Grove Elementary School
Public PreK-5 • Assigned • 2.8mi
10/10
Seminole Middle School
Public 6-8 • Assigned • 4.7mi
7/10
Seminole High School
Public 9-12 • Assigned • 4.5mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
8 days above 107° expected this year, 28 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Madeira Beach, FL • 33708
Average low and high temperatures (°F)
67
51
72
56
78
61
83
67
87
74
90
77
91
79
90
78
88
75
85
70
79
62
73
57
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 6.2 hours in December, placing it above the
U.S. average for solar exposure.
9.2 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
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Based on information submitted to the MLS GRID as of Thu Oct 08 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.