About 13388 1st Street E
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.
Features of 13388 1st Street E
| MLS® # | O6391215 |
|---|---|
| Price | $724,999 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Square Footage | 1,572 |
| Acres | 0.09 |
| Year Built | 1959 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Listing Details
| Office | BEYCOME OF FLORIDA LLC |
|---|
Listing Map
Neighborhood Information for 13388 1st Street E
Moderate Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Madeira Beach Fundamental K-8 Public - Kindergarten to 8Th Grade - Closest Elementry School |
1 Miles | |
|
Keswick Christian School Private - Preschool to 12Th Grade - Closest Middle School |
2 Miles | |
|
Plato Academy Of St Petersburg Public - Preschool to 3Rd Grade |
2 Miles | |
|
|
Community Christian School Of Five Oaks Private - Kindergarten to 12Th Grade |
2 Miles | |
|
|
Wellmont Academy Private - to |
2 Miles | |
|
Azalea Middle School Public - 6Th Grade to 8Th Grade |
3 Miles | |
|
|
Admiral Farragut Academy Private - Preschool to 12Th Grade - Closest High School |
3 Miles |
School data provided by GreatSchools