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Old Town Multifamily Homes & Duplexes for Sale

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  • /62

    $7,500,000

    • 7 Beds
    • 9 Baths
    • 3,000 Sq Ft

    723 Eaton St, Key West, FL 33040

    Private Compound on Eaton and Peacon Lane | Old Town Key WestAn extraordinary property in the heart of Old Town, this rare compound is a masterclass in island living. Spanning from Eaton Street to Peacon Lane, the property includes four beautifully reimagined residences set behind lush, professionally designed tropical landscaping with gated entrances on both sides. Located just steps from the

    Kirksten Irick Preferred Properties (KW)

    723 Eaton St, Key West, FL 33040
  • /10

    $1,899,000

    • 7 Beds
    • 6 Baths
    • 2,790 Sq Ft

    909 Grinnell St, Key West, FL 33040

    Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! Plus, recently passed legislation benefits RE investors - just ask your tax expert. Prime location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three

    Walt Lee Berkshire Hathaway HomeServices Knight & Gardner Realty

    909 Grinnell St, Key West, FL 33040
  • /22

    $898,000

    • 2 Beds
    • 2 Baths
    • 1,095 Sq Ft

    1312 Catherine St, Key West, FL 33040

    This charming duplex is an excellent value. Located near White Street, the beaches and pier, it's an easy walk to everything. Each spacious unit has its own entrance and private outdoor space. Downstairs is a one bedroom, one bath with living, kitchen, dining open concept. Ample closets, full size washer/dryer and high ceilings are an added bonus. There is a bricked off street parking space. The

    Laura McChesney Preferred Properties (KW)

    1312 Catherine St, Key West, FL 33040
  • /47

    $3,999,000

    • 7 Beds
    • 7 Baths
    • 3,015 Sq Ft

    919 Thomas St Unit A,1-3, Key West, FL 33040

    This is the entire four-unit Lighthouse View Condominium Association. It is currently four lucrative long-term rentals. Enter thru the electric gate to a bricked courtyard with parking for several cars and many bicycles and access to a covered carport. The main residence is secluded in the rear with its own private heated pool, hot tub and expansive garden with brick terrace. A free-standing two

    Mabry Binnicker Preferred Properties (KW)

    919 Thomas St Unit A,1-3, Key West, FL 33040
  • /37

    $3,750,000 Open Sat 11AM - 1PM

    • 5 Beds
    • 6 Baths
    • 3,666 Sq Ft

    400 Aronovitz Ln, Key West, FL 33040

    Zen Villa represents a rare opportunity in the heart of Old Town, Key West, comprised of three homes on a spacious 5,891 SF lot. The main residence at 400 Aronovitz Lane is a luxurious 3-bedroom, 4-bathroom contemporary island estate and an active vacation rental, while 621 and 623 Whitehead Street offer two charming 1-bedroom, 1-bathroom cottages, currently rented long-term.The main home

    Damian Vantriglia Berkshire Hathaway HomeServices Knight & Gardner Realty

    400 Aronovitz Ln, Key West, FL 33040
  • /41

    $2,378,000

    • 8 Beds
    • 4 Baths
    • 3,532 Sq Ft

    909 & 913 Thomas St, Key West, FL 33040

    Situated in the heart of Old Town Key West, this exceptional multi-family property offers four well-maintained 2-bedroom, 1-bathroom apartments--perfectly positioned for strong, consistent rental income. Just a short stroll to Duval Street, renowned restaurants, the Truman Waterfront, and local attractions, this property is ideally located for long-term or monthly rentals.Each unit features a

    Richard Haskins Buy The Keys

    909 & 913 Thomas St, Key West, FL 33040
  • /10

    $1,699,000

    • 8 Beds
    • 10 Baths
    • 2,432 Sq Ft

    720 Emma St, Key West, FL 33040

    Unique opportunity for a creative buyer to own this 3 residential unit property. Would be a great for business owner looking for employee housing. Update all 3 homes for a family compound. Currently setup as roommate style living with a gross income of $15,000. a month. Don't miss this great location in Bahama Village steps from the Truman Waterfront, Ft. Zach beach, restaurants, galleries, shops

    Wendy Zintsmaster Truman & Co. (KW)

    720 Emma St, Key West, FL 33040
  • /21

    $2,450,000

    • 6 Beds
    • 5 Baths
    • 2,587 Sq Ft

    1122 Simonton St, Key West, FL 33040

    Excellent income producing rental property and/or employee housing with multiple units. All apartments are currently rented at below market rents. With its downtown location, low flood risk, and turn-key income, this property is perfectly positioned for savvy investors. Three 1bed 1bath units, One 2 bed 1 bath separate cottage. One studio. Please note that advanced notice is required to arrange

    Dustan Carpenter Berkshire Hathaway HomeServices Knight & Gardner Realty

    1122 Simonton St, Key West, FL 33040
  • /7

    $1,115,000

    • 3 Beds
    • 2 Baths
    • 1,421 Sq Ft

    620 White St, Key West, FL 33040

    This legal duplex offers fantastic potential with two separate units. The front unit is a 2-bedroom, 1-bath home and a rear unit is a 1-bedroom, 1-bath unit. The property features an in-ground pool and is ideally laid out for investment or owner-occupancy with rental income. While some work has been done, the entire property is in need of finishing renovations-- perfect for a buyer ready to

    Will Langley Berkshire Hathaway HomeServices Knight & Gardner Realty

    620 White St, Key West, FL 33040
  • /6

    $11,888,000

    • 3 Beds
    • 2 Baths
    • 2,071 Sq Ft

    1430 Vernon Ave Unit 1-2, Key West, FL 33040

    Fabulous Find on the Atlantic Side of Key West!Welcome to a truly unique opportunity in the heart of Key West. As the last and only remaining undeveloped property in the Historic Commercial Tourist District (HCT zone), this listing presents a rare and final chance to create something extraordinary. Imagine waking up to breathtaking, unobstructed ocean and beach views every day. Seabirds passing

    Irina Pytlik Keys Top Realty LLC

    1430 Vernon Ave Unit 1-2, Key West, FL 33040
  • /46

    $2,150,000

    • 4 Beds
    • 4 Baths
    • 1,967 Sq Ft

    708 William St, Key West, FL 33040

    If you are looking for location and a historic home, this triplex is tucked away on one of Old Town Key West's most peaceful lanes. This charming Conch home won the distinguished Historic Florida Keys Preservation Star in 1988 and has been in the same family for over 40 years--a true testament to its warmth, character, and enduring appeal.The main house features generously sized rooms, high

    Ellen Gvili Ocean Sotheby's International Realty

    708 William St, Key West, FL 33040
  • /38

    $6,500,000

    • 6 Beds
    • 8 Baths
    • 3,010 Sq Ft

    421-423 Simonton St, Key West, FL 33040

    Two Transient Homes Now Available For Sale. Just one block off world-famous Duval Street, this rare property offers two homes - each 3 bedrooms, 3.5 baths and private pools. These have strong rental histories. These well-appointed residences blend island charm with modern comfort, featuring open-concept living areas, updated kitchens and private ensuite bedrooms. Thoughtfully designed for guest

    Will Langley Berkshire Hathaway HomeServices Knight & Gardner Realty

    421-423 Simonton St, Key West, FL 33040
  • /52

    $2,300,000

    • 6 Beds
    • 4 Baths
    • 2,671 Sq Ft

    506 Frances St, Key West, FL 33040

    Nestled on one of the most coveted blocks in Key West, this exceptional property in the Historic District is brimming with character and untapped potential. Currently configured as four distinct apartments - (A) 2BR/1BA, (B) 2BR/2BA, (C) Studio/1BA, and (D) 1BR/1BA - totaling 2,671 sq. ft., each unit features its own private outdoor space, a well-appointed kitchen, ample storage, and high

    Team Kaufelt Truman & Co. (KW)

    506 Frances St, Key West, FL 33040
  • /36

    $2,788,000

    • 10 Beds
    • 6 Baths
    • 3,876 Sq Ft

    912 Pohalski St, Key West, FL 33040

    Unlock the potential of this exceptional multifamily complex nestled in the heart of Old Town Key West. With a total of six units offering a diverse mix of layouts, including three 1-bedroom/1-bathroom units, two 2-bedroom/1-bathroom units, and one 3-bedroom/1-bathroom unit, this property presents an unparalleled investment opportunity in one of the most coveted destinations in the Florida Keys.

    Richard Haskins Buy The Keys

    912 Pohalski St, Key West, FL 33040
  • /25

    $1,149,000

    • 3 Beds
    • 3 Baths
    • 1,740 Sq Ft

    1210 Virginia St, Key West, FL 33040

    Currently this is a two-story duplex in the popular Bayview Park neighborhood in Old Town. It could be converted back to the original single-family home. There are a total of three bedrooms and 2.5 baths. As currently configured, the first floor has 2 bedrooms,1.5 baths and features 9.5-foot ceilings, doors with transom windows, and hardwood floors. French doors open to the rear yard and porch.

    The Behmke Group Keller Williams Key West Compass Realty

    1210 Virginia St, Key West, FL 33040
  • /45

    $2,250,000

    • 4 Beds
    • 8 Baths
    • 4,013 Sq Ft

    1028 Truman Ave, Key West, FL 33040

    Prime Mixed-Use Investment Opportunity in Key West!Built in 2021 to current building codes, this exceptional four-unit commercial and residential compound is a rare find in the heart of Key West. A perfect 1031 Exchange candidate, this versatile property includes two licensed townhouse residences and two licensed commercial units, offering excellent income potential and flexibility.The commercial

    Team Spottswood/Vazquez Truman & Co. (KW)

    1028 Truman Ave, Key West, FL 33040
  • /49

    $2,100,000

    • 4 Beds
    • 2 Baths
    • 2,016 Sq Ft

    1022 Fleming St, Key West, FL 33040

    Invest in Key West with this legal Duplex! Step into a piece of Key West history with this fully renovated, light-filled historic home in the heart of Old Town. Blending old-world charm with modern updates, this property offers easy living and generates income. Whether you're looking for a smart investment, a vacation getaway, or a new primary residence, this property is ready for you. Live in

    Ellen Gvili Ocean Sotheby's International Realty

    1022 Fleming St, Key West, FL 33040
  • /46

    $2,999,999

    • 2 Beds
    • 4 Baths
    • 1,596 Sq Ft

    405 Petronia St, Key West, FL 33040

    Heart of Old Town Key West. Very rare FULLY RENTED income producing mixed-use property. 2/2 residential, office plus a detached restaurant. Seller financing is available to immediately start your investment opportunity! Call now for your private showing.

    Bobby Coe RE/MAX Keys Connection (KW)

    405 Petronia St, Key West, FL 33040
  • /16

    $1,600,000

    • 8 Beds
    • 5 Baths
    • 1,830 Sq Ft

    928 Truman Ave Unit 101, Key West, FL 33040

    Old Town Multi-Use PropertyLocated on Truman Avenue, this distinctive property features five legal long-term rental apartments, making it ideal for steady income or employee housing.Unit 101, a CBS building, offers the potential for commercial conversion (buyer to verify), provided the residential units remain onsite, creating valuable flexibility.Highlights include:8 bedrooms and 5

    Allison Findlay Preferred Properties (KW)

    928 Truman Ave Unit 101, Key West, FL 33040
  • /17

    $2,175,000

    • 4 Beds
    • 2 Baths
    • 1,760 Sq Ft

    1115 Fleming St, Key West, FL 33040

    This home has not been sold in over 100 years! The property sits on the corner of world famous Millionaire Row and one of the last not to be renovated. Do not buy someone else's overpriced flip. Bring your imagination, contractor and bring this home back to its original beauty. The lot is almost 5000 SF and runs from Fleming St. to Stickeny Lane, where there is ample off-street parking. The 1890

    Derek Epperly Keys Atlantic Realty

    1115 Fleming St, Key West, FL 33040
  • /23

    $990,000

    • 3 Beds
    • 3 Baths
    • 1,296 Sq Ft

    308 Peacon Ln, Key West, FL 33040

    Yes - not too good to be true or a misprint! Priced to sell for just $990,000 with this $400,000 price reduction. Rare 2 unit property in Old Town! Enjoy Key West living on one of our most picturesque Old Town lanes. Located in the heart of the historic district and near the seaport, everything you want in Key West is right out your door. Built in the early 1900s, over the years the home was

    Vic Musmanno Coldwell Banker Schmitt Real Estate Co. (KW)

    308 Peacon Ln, Key West, FL 33040
  • /32

    $5,500,000

    • 8 Beds
    • 11 Baths
    • 8,472 Sq Ft

    314 Simonton St, Key West, FL 33040

    Step into Key West history with this remarkable property, available for the first time in generations! Located just a block from world-famous Duval Street and across from the Federal Courthouse, this property at 314 Simonton Street offers a unique blend of historic charm and modern potential. Originally a hotel with a Ford dealership on the ground floor, this three-level building is steeped in

    Claude Gardner Berkshire Hathaway HomeServices Knight & Gardner Realty

    314 Simonton St, Key West, FL 33040
  • /33

    $1,425,000

    • 3 Beds
    • 4 Baths
    • 1,464 Sq Ft

    415 Julia St, Key West, FL 33040

    At the best location in the heart of old town you will find this great duplex on Julia street in between Duval street and Whitehead street, 86 FOOTSTEPS TO DUVAL STREET. The back is a two bedroom two bathroom with a nice back yard. And in the front is a recently renovated one bedroom with two bathrooms with high ceilings and a great loft. It has an outdoor shower. A new A/C was installed 01/24.

    Annica Pedersen Key West Luxury Real Estate Inc (KW)

    415 Julia St, Key West, FL 33040
  • /19

    $2,095,000

    • 8 Beds
    • 4 Baths
    • 3,383 Sq Ft

    905 Grinnell St, Key West, FL 33040

    BIG TIME INVESTMENT OPPORTUNITY in the heart of the Historic District of Key West. Originally built as a former church, this 4 unit active rental property offers 3,383 square feet of living space, featuring 8 bedrooms and 4 bathrooms, and currently generates $10,908.50 in monthly rental income. (See below for a breakdown of beds and baths per unit) With versatile possibilities, it has the

    Team Kaufelt Truman & Co. (KW)

    905 Grinnell St, Key West, FL 33040

Why Live in Old Town

Old Town in Key West is a historic neighborhood known for its distinctive conch-style homes, characterized by cozy front porches, wooden shutters, and intricate trim. Many of these homes, particularly in Bahama Village, date back to the 1800s and are built on raised platforms to improve air circulation and reduce mold and water damage. The area is in the X-flood zone, making it less flood-prone than other parts of Key West, though flood insurance and hurricane preparedness are recommended. Homeowners must maintain the original exterior of their properties, with renovations reviewed by the Historic Architectural Review Commission. Interiors, however, are often modernized with open floor plans and updated kitchens. The neighborhood is rich in cultural and culinary attractions, with numerous restaurants offering local specialties like conch fritters and Key lime pie. Notable dining spots include Old Town Tavern & Beer Garden, Blue Heaven, and Santiago’s Bodega. For things to do, residents can explore the Red Barn Theatre, Key West Theater, and Tropic Cinema, or visit the Key West Museum of Art & History. Fort Zachary Taylor Historic State Park and Truman Waterfront Park provide outdoor recreation options, including snorkeling, picnicking, and a weekly farmers market. Key West High School, which has a high rating, serves the area, and there are several private school options as well. The crime rate in Old Town is lower than the national average, contributing to its appeal for residents.

Home Trends in Old Town, FL

Housing Trends

Median Sale Price
$580,000
Median Single Family Sale Price
$376,890
Median Townhouse Sale Price
$380,000
Median 2 Bedroom Sale Price
$608,000
Median 1 Bedroom Sale Price
$475,000
Average Price Per Sq Ft
$346
Number of Homes for Sale
12
Last 12 months Home Sales
101
Months of Supply
1.40
Median List Price
$495,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
45%
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