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Map
107 145TH AVENUE E
About This Property
Rare opportunity in the heart of Madeira Beach just ½ block to public beach access. This 100' x 93' lot (approx.) offers excellent frontage and redevelopment potential in a highly desirable coastal market.
The existing 7-unit multifamily property sustained hurricane and flood damage and is being sold as-is for land value. The current structures require complete renovation or redevelopment. Historically operated as long-term rental apartments, this site is ideally suited for rebuilding a new income-producing multifamily property (buyer to verify zoning, density, and building requirements).
Located just minutes from John's Pass Village & Boardwalk, with convenient access to dining, shopping, and Gulf waters, the property benefits from strong and consistent demand for long-term coastal rentals.
Highlights:
100' frontage x 93' depth (approx.)
½ block to public beach access
Zoned/used as 7-unit multifamily
Storm-damaged – redevelopment required
Sold as-is for land value
Long-term rental use (no short-term rental representation)
High-demand beachside location
Ideal for investor, builder, or developer
A rare chance to secure a multifamily redevelopment site in one of Pinellas County's most sought-after beach communities.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 20, 2026 | Listed by REAL BROKER, LLC | $600,000 | |
| Listed by REAL BROKER, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/20/2026
| |
Loft
|
-
|
3706 ft²
|
$600,000
Loft
-
3706 ft²
|
$575,000
-4.17%
05/29/2026
|
Richard Hehl
COASTAL PROPERTIES GROUP
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017