Commercial Sale · Multi Family (5+)
14135 PALM STREET, MADEIRA BEACH, FL, 33708
Active59 days on marketListed Jun 5, 2026MLS #TB8516347
About this property
The property at a glance
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.
3,004
Building sq ft
$433
Price / sq ft
0.12
Lot acres
1947
Year built
5
Units
2
Buildings
Multi Family (5+)
Property type
The numbers
Investment snapshot
7.5%
Cap rate
$97,540
Net operating income
$132,000
Gross income (yr)
$260,000
Price / unit
5
Units
Estimated payment (illustrative)
Estimated payment
$6,681/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
15,306
Population
$83,773
Median income
61.1
Median age
1.9
Avg household
$463,700
Median home value
$1,961/mo
Median rent
600
Households w/ kids
Recent sales
What actually sold near 14135 PALM STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$575,000
107 145TH AVENUE E
3,706 sqft · $155/sqft · Sold May 29, 2026
$1,700,000
11705 3RD STREET E UNIT 9
2,875 sqft · $591/sqft · Sold Aug 1, 2025
$600,000
6115 SEMINOLE BOULEVARD
3,000 sqft · $200/sqft · Sold Sep 4, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 14135 PALM STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 14135 PALM STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of CENTURY 21 BEGGINS · MICHAEL Reichenbach, LLC. MLS #TB8516347.
IDX information 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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