$622,900
$27K PRICE DROP

13228 3rd St E Madeira Beach, FL 33708

Estimated payment $3,892/month

Total Views 4,237
3 Beds
3 Baths
1,279 Sq Ft
$487 Price per Sq Ft

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Ceiling Fan
  • Orange Grove Elementary School Rated A
  • Combination Dining and Living Room
  • Laundry Facilities

About This Home

Completely renovated and fully occupied triplex with three 1 bed, 1 bath units! Just a few blocks to John's Pass, 3 blocks to the beach, 2 blocks to two intercoastal pocket parks. So this is one of the most desirable areas of Madeira Beach. New Stainless Steel appliances and instant-on hot water heaters in each unit. Beautiful quartz countertops in the kitchen along with 42" tall solid wood cabinets. Tile for easy cleaning and maintenance. 30 year roof is 5 years old. The renovation used FEMA approved flood resistant materials such as DensGlass which is a replacement for drywall and closed cell insulation instead of traditional fiberglass insulation. These materials are considered mold resistant with DensGlass having a rating of 10 under the ASTM D3273 test method. The front two units have a open living, dining, kitchen area along with a little office/dining /flex space in the entry and one bedroom and full bath for each. The back unit has a huge open area for the living/dining area with multiple large windows allowing in tons of natural light along with one bedroom, a bath and double closet for the main bedroom. There are laundry hookups in the backyard where there is a little storage unit containing the washer and dryer for tenant use. 6 foot privacy fence on the back and side of the property. 6.9% current cap rate with no rehab to do and Proforma Cap is 8.66%. 24 hour notice required for showings to respect the tenants.

Listing Agent

Robert Bello

DALTON WADE INC Brokerage Phone: 888-668-8283 License #3382285 Listed on: 05/18/2025

DALTON WADE INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,054

Year Built

  • Built in 1947

Lot Details

  • 4,160 Sq Ft Lot
  • Lot Dimensions are 40x104
  • Fenced

Parking

  • Common or Shared Parking

Home Design

  • Triplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,279 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Private Mailbox

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 1,279 Sq Ft Building
  • Pages Rep Of Mitchells Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • Operating Expense $12,040
  • Gross Income $56,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,054

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Block, Stucco, Frame
  • Fireplace: No
  • Living Area: 1279
  • Lot Size Acres: 0.09
  • New Construction: No
  • Year Built: 1947
  • Building Area Total: 1279
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 4160
  • Number Of Lots: 1
  • Directions to Property: From Gulf Blvd turn east onto 133rd. Go to 3rd St and make a right. It is on the right side of the street.
  • Status: Active
  • Street Post Direction: E
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 163917242
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 487.02
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 888-668-8283
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Street Number Modifier: 13228
  • Living Area Meters: 118.82

Exterior Features

  • Exterior Features: Fence, Private Mailbox
  • Roof: Membrane, Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Common

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric, Ductless
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Parcel Number: 15-31-15-65304-011-0150
  • Additional Parcels: No
  • Lot Dimensions: 40x104
  • Flood Zone Code: AE
  • Lot Size Square Meters: 386

Rental Info

  • Total Actual Rent: 4695
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: 3 month minimum lease as per Madeira Beach Code of Ordinances. Please verify all leasing restrictions with the City of Madeira Beach.

Multi Family

  • Gross Income: 56340
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 4
  • Total Num Buildings: 1
  • Unit Count: 3
  • Est Annual Market Income: 64800.00

Tax Info

  • Tax Annual Amount: 6054.39
  • Tax Block: K
  • Tax Book Number: 20-69
  • Tax Lot: 15

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $622,900 -0.2% $487 / Sq Ft
07/16/2025 07/16/25 Price Changed $623,900 -0.2% $488 / Sq Ft
06/27/2025 06/27/25 Price Changed $624,900 -0.8% $489 / Sq Ft
06/20/2025 06/20/25 Price Changed $629,900 -0.8% $492 / Sq Ft
06/13/2025 06/13/25 Price Changed $634,900 -0.8% $496 / Sq Ft
05/31/2025 05/31/25 Price Changed $639,900 -1.5% $500 / Sq Ft
05/25/2025 05/25/25 Price Changed $649,800 0.0% $508 / Sq Ft
05/18/2025 05/18/25 For Sale $649,900 -- $508 / Sq Ft
Source: Stellar MLS

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Source: Stellar MLS

MLS Number: W7875642

Stellar MLS
Florida Pinellas County Madeira Beach 33708

13228 3rd St E, Madeira Beach, FL

This home is located at 13228 3rd St E, Madeira Beach, FL 33708 and is currently priced at $622,900, approximately $487 per square foot. This property was built in 1947. 13228 3rd St E is a home located in Pinellas County with nearby schools including Orange Grove Elementary School, Seminole Middle School, and Seminole High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes
Listing Agent
Robert Bello
Section Image
DALTON WADE INC
(609) 743-0650