Madeira Beach FL Multi-Family Real Estate, Homes for Sale

3 Beds ⋅ 2 Baths ⋅ Gulf Shores 5th Add SubDv. ⋅ 33708 Zip Code

Newly renovated Madeira Beach duplex with excellent income potential and added flexibility! This updated property features two existing units plus a detached rear room/building that may offer additional possibilities for storage, office, guest space, or potential future use, subject to zoning, permitting, and buyer due diligence. Recent improvements include new HVAC, new electrical, new electrical panels, new kitchens, fresh interior/exterior paint, and new appliances, making this a strong turnkey-style opportunity in one of the area’s most desirable beach communities. Located just minutes from the Gulf beaches, John’s Pass, restaurants, shopping, boating, and entertainment, this property is ideal for investors, owner-occupants, or buyers seeking rental income near the coast. Whether held as a long-term rental, used as an owner-occupied property with income potential, or explored for expanded future use, 14036 Margueritte Dr offers a rare opportunity in Madeira Beach. Buyer to verify all zoning, permits, rental restrictions, flood zone information, room counts, and any potential triplex or additional-unit use with the City of Madeira Beach and appropriate authorities. Current use is being marketed as a duplex with additional rear building potential.

14036 Marguerite Drive, Madeira Beach

$425,000

4 Beds ⋅ 4 Baths ⋅ Gulf Shores 1st Add SubDv. ⋅ 33708 Zip Code

Under contract-accepting backup offers. Instant Renovation Opportunity! With an approved permit already fully transferable to the new owner, you can start construction immediately on this prime 60x124 lot. The property currently features a 4-bedroom, 4-bathroom duplex split into two separate 2-bed, 2-bath units, complete with individual water and electric meters. Located just two blocks from the Gulf and minutes from John’s Pass, shopping, and dining, the potential here is massive. Whether you choose to fast-track the current duplex remodel or build a brand-new elevated luxury single-family home or duplex, this coastal property is pure opportunity.

14230 N Bayshore Drive, Madeira Beach

$479,900

3 Beds ⋅ 2 Baths ⋅ North Madeira Shores SubDv. ⋅ 33708 Zip Code

Virtually Staged. Priced to Sell – Exceptional Income-Producing Duplex in Madeira Beach This beautifully updated duplex offers outstanding versatility and strong cash flow in one of Tampa Bay’s most sought-after beach communities. Featuring a spacious 2-bedroom, 1-bath unit that rents for $2,500 per month and a cozy 1-bedroom, 1-bath unit at $2,000 per month, the property delivers a combined $4,500 monthly — that’s $54,000 in gross annual income. After Expenses your potential Net Income is $41,986 Whether you’re an investor looking for immediate dual income streams or an owner-occupant wanting to offset your mortgage by renting out one side, this turnkey opportunity checks every box. Both units have been storm-remediated and meticulously remodeled with premium finishes and modern systems, including a new roof, new water heaters, new A/C units, and numerous additional upgrades throughout. Each kitchen shines with elegant quartz countertops, crisp white shaker cabinets, and high-end stainless steel appliances. The exterior has been freshly painted and professionally landscaped, creating outstanding curb appeal. Out back, enjoy the low-maintenance turfed yard complete with charming string lighting — perfect for relaxing evenings or entertaining tenants and guests. The property also offers four dedicated parking spaces plus convenient street parking. Ideally situated in the heart of Madeira Beach, you’re just steps from the world-famous white-sand Gulf beaches, vibrant restaurants, shopping, nightlife, boating, and endless water activities. This prime location combines the relaxed beach lifestyle with easy access to everything the Tampa Bay area has to offer. A rare combination of income potential, quality upgrades, and unbeatable location — this is a true turnkey investment you don’t want to miss. Schedule your private showing today and secure this gem before it’s gone!

14906 N Bayshore Drive, Madeira Beach

$1,300,000

Gulf Shores 1st Add SubDv. ⋅ 33708 Zip Code

Located in the heart of Madeira Beach, FL, just one block from the Gulf beaches, 14135 Palm Street presents a rare opportunity to acquire a fully updated 5-unit income-producing property in one of the most desirable beach communities along Florida's Gulf Coast. This solid block construction 5-plex consists of five well-designed 1-bedroom, 1-bathroom units with ample on-site parking, offering strong appeal to both long-term and seasonal tenants. What truly sets this property apart is its extensive hurricane-resilient construction and post-storm preparedness improvements. The building successfully withstood the major storms of 2024, demonstrating the quality and durability of the upgrades completed. Improvements include waterproof stucco interior wall systems, durable epoxy flooring throughout, elevated electrical connections, and water-resistant kitchen fixtures designed to minimize future storm vulnerability and maintenance concerns. In addition, the property features a newer roof, and all restoration and improvement work has been fully permitted and completed, providing added confidence for investors and lenders alike. The property offers flexible rental opportunities including annual rentals, seasonal leasing, workforce housing, or furnished beach rentals, creating multiple paths for maximizing income potential. With an attractive CAP rate, investors can benefit from both strong current cash flow and long-term appreciation in a highly supply-constrained beach market. Tenants will enjoy exceptional walkability and convenience. The property is located near Gulf Boulevard with easy access to the Pinellas Suncoast Transit Authority trolley and bus routes connecting residents to surrounding beach communities, downtown St. Petersburg, and area attractions. Nearby shopping, dining, and entertainment options include the popular John's Pass Village & Boardwalk, local restaurants, waterfront bars, grocery stores, marinas, and recreational activities including boating, fishing, and beach access. The location also provides convenient access to Treasure Island, Redington Beach, and the greater Tampa Bay area. This is an outstanding opportunity to own a proven storm-resilient multifamily asset in a premier coastal location with strong rental demand, attractive projected returns, and lasting tenant appeal.

14135 Palm Street, Madeira Beach

$650,000

4 Beds ⋅ 2 Baths ⋅ Mitchell's Beach Revised SubDv. ⋅ 33708 Zip Code

Welcome home to this fantastic duplex on Madeira Beach, located just 5 blocks from world famous Johns Pass! This investment opportunity is situated perfectly and is located only 1 block to a public beach access and 1 block to a neighborhood park on the bay side. Step inside and fall in love with this light and bright gem, both units feature open living designs and spacious bedrooms. There are 2 separate laundry/storage rooms and there is a double carport on the beach side unit and a 4 car wide concrete parking pad for the bay side unit. Updates are numerous and done to an extreme high level that must be seen in person to fully appreciate! They include the flooring, full kitchen remodels, bathroom remodels, double pane vinyl windows, new base trim and interior doors, fiberglass exterior doors and a new shingle roof in 2025 (Car-port roof not included). Step out back and see where this residence really shines, there is a double wide carport giving ample space in the shade while still allowing space for parking. This duplex has a truly special feel to it; you will love sitting outside and relaxing while enjoying the sea breezes in the shade. This opportunity would be perfect for an owner occupant on one side and rental on the other. Madeira beach allows seasonal 3-month rentals. This is a special property that must be seen in person to fully appreciate, hurry do not miss it!

13440 1st Street E, Madeira Beach

$310,000

Gulf Shores 6th Add Rep SubDv. ⋅ 33708 Zip Code

Under contract-accepting backup offers. Charming duplex that features a completely finished 1 bed /1 bath apartment on one side and a partially finished 1 bed/1 bath unit on the other side. Each featuring 504 square feet of living space and provides efficient and thoughtfully designed comfort for anyone looking to enjoy the Florida lifestyle just minutes from the Gulf Coast. Step onto the covered front porch, where you can enjoy your morning coffee or unwind in the evenings with a refreshing coastal breeze. Inside the 1st unit features durable laminate flooring throughout, creating a clean and modern look that’s both stylish and low maintenance. The living area flows seamlessly into the functional kitchen, which offers ample cabinetry and countertop space for cooking and everyday living. The spacious bedroom includes a generous closet, while the full bathroom is equipped with a combination tub/shower and updated finishes. Outside, you'll find a large backyard—perfect for relaxing outdoors, gardening, or enjoying weekend BBQs. A parking pad is included for off-street convenience, making everyday living stress-free. This property is ideally located less than 5 minutes from Florida’s award-winning beaches, and just moments to Gulf Boulevard and I-275, providing easy access to St. Petersburg, Clearwater and Tampa Bay. Enjoy being close to an array of coastal restaurants, boutique shops, waterfront parks, and vibrant local events, all while residing in a quiet and residential neighborhood. Whether you're a beach lover, working professional, or snowbird seeking a sunny seasonal stay, this charming investor style home offers unbeatable value in one of Florida’s most desirable locations.

30 Lynn Way, Madeira Beach

$635,000

3 Beds ⋅ 3 Baths ⋅ Gulf Shores 6th Add Rep SubDv. ⋅ 33708 Zip Code

Under contract-accepting backup offers. Virtually Staged. Price reduced to sell! Completely renovated triplex in desirable Madeira Beach. All work was done to code and permits are all completed and closed. Three units suitable for many options including multi-generational occupancy and/or rental income or whatever the new owners desire! Updates include completely remodeled kitchens with new stainless-steel appliances and new cabinetry, new lighting and plumbing fixtures, updated electrical, two mini-split systems in each unit, and new double-pane hurricane-impact windows. The largest unit is the middle unit which has some extra large windows and French doors in the spacious living room that exit to a patio space. All tile floors, zero carpet! No HOA fees! The shed contains a brand new washer and dryer with hookups already in place for future use. All work has been permitted to current codes and all inspections completed. The oversized backyard can be used for additional parking and/or outdoor enjoyment. This property is just a three-minute drive or less then a ten-minute walk to the beautiful sparkling beach! John's Pass and Treasure Island and many other nearby beaches, other local restaurants, beach and water-based activities like dolphin cruises, jet skiing and fishing charters. So many bars and other tourists and desirable attractions are either walking distance or a short drive away. Schedule a private tour of this property as soon as possible! A beach town gem especially with income potential like this property doesn’t come around very often!

14013 Marguerite Drive, Madeira Beach

$995,000

2 Beds ⋅ 11 Baths ⋅ Lone Palm Beach SubDv. ⋅ 33708 Zip Code

Pre-Construction. To be built. UPDATE JUNE 11th THERE IS NOW AN APPROVED SITE PLAN IN PLACE FROM THE ZONING DEPARTMENT THAT NOW ONLY NEEDS FINAL APPROVAL FROM THE ZONING BOARD ON AUGUST 3RD Pre-Construction. To be built. Vacant commerical land with plans in place for a mixed use motel/restaurant in place. The commerical lot is located in the town center area and it gives you the best possible zoning anywhere in the city. Complete sealed architectural site plan and civil site plan for and 11 unit hotel with cafe on the ground floor included with the sale. This will save you a year going back and forth with the city and allow you to get the project running quickly. Plans available for review with proof of funds cash offers only but possible private financing with full price offer and 550k down

15227 Gulf Boulevard, Madeira Beach

$475,000

2 Beds ⋅ 2 Baths ⋅ Sunny Shores SubDv. ⋅ 33708 Zip Code

One or more photo(s) has been virtually staged. AMAZING PRICE AND GREAT LOCATION! Discover an exceptional investment opportunity in the heart of Madeira Beach. This EXTENSIVELY REMODELED CONCRETE BLOCK DUPLEX offers two beautifully updated 1-bedroom, 1-bath units, each with an additional BONUS ROOM—perfect for a home office, guest space, hobby room, or added storage. Both sides were thoughtfully restored following the 2024 hurricanes with permits and inspections completed. Updates include restored TERRAZZO FLOORING (no carpet), new drywall, baseboards, interior paint, lighting, a new tankless water heater, new mini-split systems, supplemental window units, and a 2021 ROOF. Each kitchen features new cabinetry, tiled backsplash, stone countertops, recessed lighting, and new stainless steel appliances—including a dishwasher. Bathrooms have been refreshed with new vanities, updated hardware, and a tub/shower combo. Each unit offers its own WASHER/DRYER HOOKUP for the convenience of indoor laundry and a PRIVATE FENCED BACKYARD separated for privacy—ideal for tenants or an owner occupant who wants to enjoy one side while renting the other. The west unit also includes a STORAGE SHED. The front yard is beautifully manicured with SHELL ROCK AND ARTIFICIAL TURF, creating an attractive, LOW-MAINTENANCE coastal aesthetic. The exterior has been freshly painted and professionally landscaped, and the property provides FOUR OFF-STREET PARKING SPACES—a rare convenience in this area. Just moments from the Gulf’s white sand beaches and vibrant John’s Pass Village, residents can enjoy waterfront dining, boutique shopping, boating, fishing, and endless coastal recreation. Whether you're expanding your rental portfolio, seeking a strong income-producing asset, or looking for a personal beach retreat with supplemental income, this duplex delivers outstanding potential in one of Southwest Florida’s most desirable beach communities. Opportunities like this are rare—secure your slice of Madeira Beach today.

119 147th Avenue E, Madeira Beach

$798,999

6 Beds ⋅ 5 Baths ⋅ Mitchells Beach Rev SubDv. ⋅ 33708 Zip Code

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.

13388 1st Street E, Madeira Beach

$1,291,000

6 Beds ⋅ 4 Baths ⋅ Gulf Shores 3rd Add Rep SubDv. ⋅ 33708 Zip Code

Under contract-accepting backup offers. Virtually Staged. * PRICED AT APPRAISED VALUE * TURNKEY ALERT * RARE OPPORTUNITY * OWN SOLID CONCRETE BLOCK, QUADRUPLEX (3,208 total SF) in the heart of MADEIRA BEACH * BOAT ACCESS TO GULF OF AMERICA * INTERCOASTAL WATERFRONT * 0.12 acre land with a BEACH right across the street * Newer SEAWALL, brand new private composite DOCK, and sturdy steps to enjoy KAYAKING and FISHING. Property recently FENCED-in with gates on each side, backyard with plenty of space. Brand new GUTTERS and exquisite PAVERS were recently installed. Each unit has its own electric meter, designated parking, private mail box, bike and canoe racks. Exterior and first-floor apartments (2/1 and 1/1) are freshly painted and went through remediating and total remodeling kitchens and bathrooms. New electrical including wiring and new plumbing throughout downstairs units including new water heaters, also new CPVC pipes, valves, outside copper pipes, ball & pressure valves. New duct work in unit A and all 4 HVAC systems inspected along with the roof. Everything was permitted and inspected by the City of Madeira Beach and all permits are closed. Identical layouts and sizes of the apartments upstairs (updated 2021). Downstairs apartments with timeless TERRAZZO floors throughout, spacious living/dining room, large double pane sliding doors, and brand new windows with direct WATER VIEWS, privacy blinds, and open covered patio to relax or entertain with friends and family. Modern new kitchen with GRANITE countertops, WOOD cabinets, matching brand STAINLESS steel appliances (under the WARRANTY), including a side-by-side refrigerator with ice maker and water dispenser, stove and over-the-range microwave, and a rare to find WASHER/DRYER inside each unit. Very well-maintained property, centrally located with PUBLIC BEACH ACCESS across the street, along with shops and Florida beach authentic bars and restaurants around the corner, such as MadBeach Poke Bowls, Corner Kitchen & Coffee House, and Caddy's directly on the beach, to name a few. Only 1 mile to popular JOHNS PASS Village & Boardwalk, MARINA, and PARK. About 2 miles over the DRAWBRIDGE to the shopping plaza with major supermarkets, retail stores, and restaurants. St. Petersburg COLLEGE Bay Pines STEM Center; Madeira Beach FUNDAMENTAL Elementary School; VA BAY PINES and VA MEDICAL Center with access to trails through WAR VETERANS MEMORIAL PARK and 4 miles to popular PINELLAS TRAIL to enjoy endless BIKE rides. Public transportation is close by for an easy commute. Schedule a showing to see this great income generating property and start living your FLORIDA INVESTOR/LANDLORD DREAM!

117 140th Avenue E, Madeira Beach

$890,000

Island Estates Unit 1 Sec A SubDv. ⋅ 33708 Zip Code

Waterfront, 5 bedrooms & 3 Bathrooms Beautiful Waterfront Duplex in Prime Madeira Beach Location. This stunning, Block concrete duplex sits on the intercoastal waters of Madeira Beach, complete with its own boat slip. This property features a brand-new roof and has been updated to code, including all permitted work, such as electrical, plumbing, and upgrades. It also includes new kitchens with appliances and updated bathrooms. The duplex offers a three-bedroom, two-bathroom unit on the first floor and a two-bedroom, one-bathroom unit on the second floor, complete with a balcony and gorgeous water views. It’s just a three-minute boat ride to John’s Pass, then you are in the middle of the Gulf of America and walking distance to the most beautiful beaches in the USA, 20 minutes to downtown St. Pete, and only 15-20 minutes away. The property can serve as an income property or a single-family home (five bedrooms, three bathrooms total). The buyer must honor the existing management company’s lease, which has a potential income of around $6,000.

497 Normandy Road, Madeira Beach

$449,900

Mitchells Beach Rev SubDv. ⋅ 33708 Zip Code

Short Sale. Prime location just steps from the sand—this 4 bed, 2 bath duplex sits in the heart of Madeira Beach, surrounded by thriving short-term rentals. Demo’d post-Hurricane Milton, it's a blank canvas ready for your vision. Each unit offers 2 bedrooms, 1 bath, plus covered parking and private storage—a rare find this close to the beach. New roof in 2024. County water/sewer in place. No HOA. No flood elevation requirement per FEMA—huge savings for your renovation budget. Zoned R-2 with a 3-month minimum lease, this property gives you flexibility to rent both units, live in one and rent the other, or renovate and resell. Cash or hard money only—bring your contractor and your checkbook.

13434 1st St E, Madeira Beach

$859,000

5 Beds ⋅ 5 Baths ⋅ Madeira Shores Sub SubDv. ⋅ 33708 Zip Code

Owner financing available .

100 144th Avenue, Madeira Beach

$1,050,000

5 Beds ⋅ 6 Baths ⋅ North Madeira Shores SubDv. ⋅ 33708 Zip Code

waterfront on the wide open canal, located in Madeira Beach, connected with the intercostal and the great Gulf Of Mexico, owns a Triplux fully rented block concrete updated and remodeled, new floor, fresh paint, new rewiring with new electrical panels, has located in the most beautiful desirable area, minutes to John pass by your boat or driving, own a property in that location makes feel all the year, you are on vacation, John Pass is one of the centers of the heart of the vacation in Pinallea county, close. To all kinds of Restaurants, Caffe, shopping centers, boats, and jet skies rentals, close to Tyron Mall, Walmart, and Target, and within walking distance to the most beautiful beaches in America, this property could be the best investment for your future and retirement, live in one and rent the other two, bring your Boat, if you don't have one rent the boat slip with the lifter for an extra income, the triplex consists with 2 beds/2 baths, 1 bed / 1 bath and the efficiency. With four carports, easy 8-car parking, and a nice balcony and porch, enjoy sitting and watching the Dolphins playing around with the Ducks

14975 1st Street E, Madeira Beach

Browse All Madeira Beach FL Multi-Family Properties for Sale

Madeira Beach Multi-Family Real Estate