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13388 1st Street E

Madeira Beach, FL 33708

2 beds
2 baths
1,572 sqft
4,060 sqft lot
$276 per sqft
1959 build
– on site

Prime Investment Opportunity in Madeira Beach! Savvy investors, take note! This triplex, three Income-Producing Units, totaling 1,572 SqFt of Heated Living Space, 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. With alley access, six (6) off-street parking spaces, and individually metered utilities, 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 walk/bike from John’s Pass—Pinellas County’s #1 tourist destination—this is a prime rental investment opportunity. This incredible investment property at 13388 1st St E, Madeira Beach, FL, presents quite a unique opportunity—especially when coupled with the property next door to the south at 13378 1st St E. Imagine the potential of renovating and renting out three to five units awhile retaining and living in this highly sought-after beachside location, maximizing your rental income in one of the most desirable vacation destinations on the Gulf Coast! This is a Must-See Investment: Steps from the Beach – Prime location just minutes from the sand & surf. Rental Income Potential – Ideal for monthly or long-term rentals. Renovation Ready – Customize both properties to maximize value. High Demand Area – Madeira Beach is a hotspot for vacationers & renters. Walkable Location – John’s Pass Village & Boardwalk in Madeira Beach is a premier waterfront destination offering boating adventures, dolphin tours, deep-sea fishing, and watersports. Enjoy fresh seafood, waterfront dining, unique boutiques, and live entertainment, making it a lively hub for both locals and tourists. Owning a home/rental property near John’s Pass means embracing a true Florida lifestyle with endless recreation, stunning Gulf views steps away, and incredible investment potential! With the right vision, this investment could generate exceptional returns—whether you're looking to flip, hold, or create an unbeatable beach rental portfolio. Opportunities like this don’t last long—secure your piece of paradise today! Contact us for details on purchasing one or both properties and unlocking their full income potential!

Listing courtesy of STELLAR_MLS / BARKETT REALTY

Last checked: Checking… • Last updated Mar 26, 2025 •

MLS# TB8355846 —

The Building

Year Built:

1959
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Shingle
Foundation Details:

Concrete Perimeter
Patio And Porch Features:

Front Porch
# of Buildings:

1
Building Area Total:

1699
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ninguno
Furnished:

Unfurnished
Flooring:

Ceramic Tile
Fireplace:

false

Room Dimensions

Living Area:

1572
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From I-275 S, take Exit 28 for FL-694 W/Gandy Blvd toward Seminole/Largo. Continue west on Park Blvd N for approximately 8.5 miles. Turn left onto Gulf Blvd and drive 1.8 miles. Turn right onto 137th Ave E, then take an immediate left onto 1st St E. The property 13388 1st St E will be on your right. For GPS navigation, enter 13388 1st St E, Madeira Beach, FL 33708 into your preferred mapping app.
Latitude:

27.790424
Longitude:

-82.787233
Coordinates:

-82.787233, 27.790424

The Property

Parcel Number:

153115583200110120
Property Type:

Residential Income
Property Subtype:

Triplex
Property Condition:

Fixer
Lot Features:

Landscaped
Lot Size Acres:

0.09
Lot Size Area:

4060
Lot Size SqFt:

4060
Lot Size Dimensions:

41 x 104
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
View:

false
Exterior Features:

Other
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

AE
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

12
Tax Block:

11
Tax Legal Description:

MITCHELL'S BEACH REVISED BLK 11, LOT 12
Tax Book Number:

3-54
Tax Annual Amount:

5931.53

Beds

Bedrooms Total:

2

Baths

Total Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/TB8355846
Special Listing Conditions:

None

Heating & Cooling

Heating:

None
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Laundry Features:

Electric Dryer Hookup

Schools

Elementary School:

Orange Grove Elementary-PN
Middle Or Junior School:

Seminole Middle-PN
High School:

Seminole High-PN

The Community

Subdivision Name:

MITCHELLS BEACH REV
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Yes
Pet Restrictions:

As They Pertain to Local City and County Law. Buyer responsible to verify.
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false
Parking Features:

Common

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Spectrum

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
3/23/25 Mar 23, 2025	Listed / Active	STELLAR_MLS	$435,000

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This multifamily located in Mitchell's Beach, Madeira Beach, FL 33708 is currently for sale for $435,000. 13388 1st Street E is a 1,572 square foot multifamily with 2 beds and 2 baths that has been on Estately for 5 days. 13388 1st Street E is in the Mitchell's Beach neighborhood of Madeira Beach and has a WalkScore® of 59, making it somewhat walkable. This multifamily is in the attendance area of Seminole High School, Orange Grove Elementary School, and Seminole Middle School.

Listing Courtesy of: STELLAR_MLS and BARKETT REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.