$2,450,000

1122 Simonton St Key West, FL 33040

Old Town Neighborhood

Estimated payment $13,947/month

Total Views 76
6 Beds
5 Baths
2,587 Sq Ft
$947 Price per Sq Ft

About This Home

CALLING ALL INVESTORS!! Excellent income producing rental property or employee housing with multiple units. All apartments are currently rented at below market rents. With its downtown location, low flood risk, turn-key income, and transient receivership zone, 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 showings, and not all units may be available for viewing as they are currently rented.No sign on property

Last Listed By

Dustan Carpenter

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3516433 Listed on: 06/09/2025

Berkshire Hathaway HomeServices Knight & Gardner Realty

Map

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,325

Year Built

1913

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 11324.86
  • Year Built: 1913
  • Alternate Key Number: 1028398
  • Lot Sq Ft: 4867.00
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 2587.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Appliances: Refrigerator, Gas Appliances, Oven, Range
  • Total Bedrooms: 6

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Cable Available, Propane

Lot Info

  • Deed Restrictions: No
  • Flood Zone: .2
  • Land Size: 1/4 - 1/2 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 5.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,325 $1,340,479 $929,324 $411,155
2023 $11,325 $1,255,729 $854,159 $401,570
2022 $10,069 $1,053,968 $646,883 $407,085
2021 $9,229 $809,688 $490,477 $319,211
2020 $8,862 $773,346 $449,477 $323,869
2019 $8,856 $767,375 $438,848 $328,527
2018 $8,970 $823,559 $495,032 $328,527
2017 $8,728 $831,865 $0 $0
2016 $8,537 $779,571 $0 $0
2015 $8,151 $705,346 $0 $0
2014 $7,459 $543,923 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 For Sale $2,450,000 -- $947 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,220,000 --
Warranty Deed -- --
Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Small Business Administration
Open $976,000 Commercial
Previous Owner $976,000 Commercial
Source: Public Records

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See All Homes in Key West

Source: Key West Association of REALTORS®

MLS Number: 615386

Key West Association of REALTORS®

APN: 00027610-000000

Florida Monroe County Key West 33040 Old Town

1122 Simonton St, Key West, FL

This home is located at 1122 Simonton St, Key West, FL 33040 and is currently priced at $2,450,000, approximately $947 per square foot. This property was built in 1913. 1122 Simonton St is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori 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.

Key West Association of REALTORS® 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.

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Dustan Carpenter
Listing Agent
Dustan Carpenter
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Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 304-7873