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Marathon, FL Multifamily Homes & Duplexes for Sale

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  • /13

    $1,400,000

    • 10 Beds
    • 5 Baths
    • 2,536 Sq Ft

    206 12th Street Gulf, Marathon, FL 33050

    THIS UNIQUE WATERFRONT PROPERTY HAS5 units on the property and all are long term rentals. There are 5 BUILDING RIGHTS that come with this property (please ask Listing Agents for details.

    Agent Photo

    Lynn Goodwin

    Coldwell Banker Schmitt Real Estate Co.

    206 12th Street Gulf, Marathon, FL 33050
  • /67

    $3,549,000

    $2M PRICE DROP
    • 10 Beds
    • 9 Baths
    • 6,128 Sq Ft

    14 125th Street Gulf, Marathon, FL 33050

    Live and/or work in this RARE 100' of waterfront re-development opportunity with DEEP WATER DOCKAGE APPROVED! 200' HIGHWAY FRONTAGE! Huge 74,890 SQ FT site with an approved Conditional Use PERMIT for 10 unit and 4 affordable staff group home units. 6 TBR's are available to add on, more are available. No TDR's required for pure commercial use! This MIXED USE ZONING has many commercial-residential

    Peter Schwarz-Top Producer LoKation Real Estate - Pompano Beach

    14 125th Street Gulf, Marathon, FL 33050
  • /63

    $1,725,000

    $25K PRICE DROP
    • 4 Beds
    • 4 Baths
    • 2,016 Sq Ft

    668 & 670 89th Street Ocean, Marathon, FL 33050

    Magnificent legal duplex in the vibrant heart of the Florida Keys, offering highly sought-after 7-day rental flexibility--an exceptional advantage for investors and homeowners alike. Elevated on stilts, this impressive property features two spacious bedrooms and two full bathrooms on each side, creating the perfect setup for extended families, dual living, or maximizing rental income. Ideally

    Frank Griffiths Lokation Real Estate

    668 & 670 89th Street Ocean, Marathon, FL 33050
  • /17

    $3,000

    • 3 Beds
    • 2.5 Baths

    265 15th Street Ocean Unit B, Marathon, FL 33050

    Agustin Cantens Luxe International Realty

    265 15th Street Ocean Unit B, Marathon, FL 33050
  • /14

    $500,000

    $200K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,302 Sq Ft

    329 63rd Court Gulf, Marathon, FL 33050

    'United States Bankruptcy Auction. The Listing Price is for MLS Purposes only. Actual Price will be determined at Auction. The Auction will take place Live via Zoom on Thursday, September 10, 2026 at 11 AM ET. Bidder Registration Packages and Qualifying Deposits are due on or before Tuesday, September 8, 2026 at 5:00 PM ET. Excellent opportunity to own a two-story duplex in the heart of

    Iliana Abella Compass Florida - Miami Beach

    329 63rd Court Gulf, Marathon, FL 33050
  • /4

    $639,000

    $41K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,040 Sq Ft

    746 50th Street Gulf, Marathon, FL 33050

    INCOME PRODUCING! Unlock the potential of this rare Marathon property located in the desirable Vaca Village neighborhood. Situated on a 5,158-square-foot lot, this duplex currently features two separate 1-bedroom, 1-bath residences, providing immediate income-producing potential while offering outstanding future upside. Whether you're seeking rental income, a redevelopment project, or the

    Chuck Mack EXIT Realty Paradise

    746 50th Street Gulf, Marathon, FL 33050
  • /44

    $1,875,000

    • 4 Beds
    • 4 Baths
    • 2,544 Sq Ft

    126 N Indies Dr, Marathon, FL 33050

    Rare canal-front duplex on Duck Key's prestigious Indies Canal with 70 feet of new composite dockage, sweeping canal views, and deep-water access to both the Gulf and Atlantic. New roof, new AC, and precast concrete construction throughout -- this is a solid, storm-ready build with significant insurance advantages over at-grade alternatives and no deferred maintenance surprises. Two

    Brenner Scheel Casey Florida Keys Real Estate Group

    126 N Indies Dr, Marathon, FL 33050
  • /58

    $2,799,000

    $301K PRICE DROP
    • 6 Beds
    • 4 Baths
    • 3,047 Sq Ft

    901 46th St, Marathon, FL 33050

    Two homes on open water for the price of one! Over 18,000 square foot lot, bay bottom, two building rights. Wake up to endless Gulf views and fall asleep to breathtaking sunsets at this rare waterfront estate.Tucked away at the end of a quiet road, this unique multi-family property sits directly on the Gulf, offering unmatched privacy, open water views, and direct boating access. Whether

    Bonnie Sanderson Florida Keys Real Estate Group

    901 46th St, Marathon, FL 33050
  • /45

    $1,300,000

    $100K PRICE DROP
    • 4 Beds
    • 4 Baths
    • 1,854 Sq Ft

    574 & 576 99th Street Ocean, Marathon, FL 33050

    Beautifully renovated and fully turnkey duplex located on a deep-water canal in the heart of Marathon. This rare income-producing property features two spacious 2BD/2BA units, each offering approximately 927 sq. ft. of updated coastal living with impact windows and doors, granite countertops, stainless steel appliances, tile flooring throughout, and covered parking. Renovated in 2018, the

    Alexia Mann Seafarer Realty LLC

    574 & 576 99th Street Ocean, Marathon, FL 33050
  • /14

    $500,000

    $200K PRICE DROP
    • 1,302 Sq Ft

    329 63rd Court Gulf Unit Gulf, Marathon, FL 33050

    Excellent opportunity to own a two-story duplex in the heart of Marathon. Each unit offers 1 bedroom and 1 bathroom, situated on a generous 10,591 SF lot. Ideal for redevelopment, expansion, or construction of a larger duplex, subject to local approvals. Prime location near popular restaurants, Sombrero Beach, Marathon Sandbar, Florida Keys Marathon Airport, and Curry Hammock State Park. A

    Lamar Fisher Fisher Real Estate Services

    329 63rd Court Gulf Unit Gulf, Marathon, FL 33050
  • /34

    $990,000

    $60K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,568 Sq Ft

    1306 &1308 51st Street Gulf, Marathon, FL 33050

    Solid CBS full duplex in the heart of Marathon, set on an oversized 10,000 sq. ft. lot with mature native trees for added shade and privacy. Built for strength and long-term value, this elevated stilted property features concrete construction, a concrete roof, impact windows, newer HVAC systems, and four covered parking bays below. Each unit has been fully remodeled with gray faux wood flooring,

    Sam Williams Coldwell Banker Schmitt Real Estate Co.

    1306 &1308 51st Street Gulf, Marathon, FL 33050
  • /66

    $3,197,000

    • 8 Beds
    • 6 Baths
    • 3,680 Sq Ft

    217 Sombrero Beach Rd Unit 1 and 2, Marathon, FL 33050

    Incredible Income-Producing Full Duplex | 8 Bedrooms | 6 Bathrooms | 4 Bedrooms | 3 Bathrooms per Unit | 2 Pools | 40' Dock Rare opportunity to own a highly desirable, newer construction duplex offering exceptional income potential and resort-style amenities. This property features a total of 8 bedrooms and 6 bathrooms, with each side boasting 4 beds and 3 baths, private entrances, and separate

    Casey Burtch Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys

    217 Sombrero Beach Rd Unit 1 and 2, Marathon, FL 33050
  • /58

    $1,099,000

    $50K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,512 Sq Ft

    4901 49th St, Marathon, FL 33050

    Discover a rare opportunity in the heart of the Florida Keys! This full duplex with TWO building rights offers 2 spacious, 2-bedroom, 1-bathroom units, each unit thoughtfully designed for comfort and convenience. Situated directly on a canal with quick access to open water, it's a dream for boating enthusiasts and an excellent choice for investors seeking strong rental income potential.Perfectly

    Nate Bartlett Berkshire Hathaway HomeServices Keys Real Estate

    4901 49th St, Marathon, FL 33050

Why Live in Marathon

Marathon, located in the heart of the Florida Keys, offers a unique blend of island living and vibrant community life. With a population of over 9,000, residents enjoy the turquoise waters of the Gulf of Mexico, renowned for sport fishing opportunities like mahi mahi and sailfish. On land, Marathon Community Park provides athletic facilities, while Curry Hammock State Park offers over 1,000 acres of mangrove swamps and sandy beaches. The Florida Key Aquarium Encounters showcases diverse marine life, adding to the list of things to do. Housing options include waterfront estates and mid-rise condos, many built on stilts for flood protection. The Monroe County School District serves the area, with Marathon Middle High School offering various clubs and activities. Dining in Marathon is a treat, with seafood eateries like Porky's Bayside offering waterfront views and sunset spots. Transportation is facilitated by US Route 1, connecting Marathon to Key West, 50 miles away, and Miami, 116 miles away. The Florida Keys Marathon Airport provides charter flights, while commercial airlines operate from Key West International Airport. The annual Marathon Seafood Festival draws over 15,000 attendees, celebrating local seafood and live entertainment. Flooding remains a concern due to FEMA-designated flood zones, and hurricane season poses risks, with Hurricane Irma being a notable event. The city normally experiences mild, sunny winters with hot and humid summers.

Home Price Trends

Median Sale Price
$962,500
Median Single Family Sale Price
$1,441,000
Median Townhouse Sale Price
$670,000
Median 2 Bedroom Sale Price
$649,000
Median 1 Bedroom Sale Price
$410,000
Average Price Per Sq Ft
$844
Number of Homes for Sale
252
Last 12 months Home Sales
306
Months of Supply
9.90
Median List Price
$1,110,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
-2%
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