13378 1ST ST E

An exceptional income-producing opportunity just steps from the Gulf in beautiful Madeira Beach! This triplex, featuring two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, offers strong rental potential. While the property sustained damage from Hurricane Helene, it has been verified as not substantially damaged by the municipality. The Substantial Improvement package required to pull a build back permit has already been completed by a licensed General Contractor, meaning it's fully ready for renovation and can start generating income for its new owner quickly. With alley access, six (6) off-street parking spaces, and individually metered utilities (water & electric), this property is well-positioned for a seamless rehab and rental setup. Located in very close proximity to the beach (safe, lit crossing less than a block away) and just minutes from John’s Pass—Pinellas County’s #1 tourist destination—this is a prime rental investment opportunity. Property Highlights Include: Triplex – Three Income-Producing Units, 1,572 SqFt of Heated Living Space, Prime Location Near the Gulf & John’s Pass, Substantial Improvement Package Completed – Ready for Renovation, Individually Metered for Electric, Internet & Water, Six Parking Spaces & Alley Access, No HOA. This property is a rare find for investors looking to secure a fix-and-hold or renovate and flip in a high-demand beachside market. Don’t miss out on this chance to own a prime income property in one of Florida’s most sought-after coastal locations! Contact us today for more details or to schedule a showing!

MLS ID#

MFRTB8344674

Price

$470,000

Status

Active

Bedrooms

2

Bathrooms

2

Full Baths

N/A

Half Baths

N/A

Square Footage

1,572 sqft

Acres

0.0900

Year Built

1959

Type

Residential Income

Subtype

Triplex

Style

N/A

Address

13378 1ST ST E

Subdivision

Mitchells Beach Rev

City

Madeira Beach

County

Pinellas

State

FL

Zip Code

33708

Senior Community

No

Amenities

N/A

Parking

N/A

View

No

Waterfront

No

Pool

No

Interior Features

Ninguno

Heating

None, Wall Units / Window Unit

Cooling

Wall/Window Unit(s)

Flooring

Ceramic Tile, Terrazzo

Fireplace

N/A

Stories

N/A

Appliances

N/A

Exterior Features

Other, Outdoor Shower

Construction

Block, Stucco, Concrete

Foundation

Slab, Concrete Perimeter

Roof

Shingle

Fencing

N/A

Lot Features

Paved, Landscaped

Elementary

Orange Grove Elementary-Pn

Middle

Seminole Middle-Pn

High

Seminole High-Pn

Date Listed

February 11, 2025

Days on Market

1

Zoning

N/A

Direction Faces

N/A

New Construction

No