2004 Patterson Ave Key West, FL 33040
Mid Town NeighborhoodEstimated payment $6,240/month
About This Home
Well-maintained duplex offering flexible living and strong income potential in a desirable Key West location. The property features a charming 3-bedroom, 2-bath main home plus a separate 1-bedroom, 1-bath studio cottage--ideal for extended family, guests, or rental income. Both units are thoughtfully laid out with comfortable living spaces and plenty of natural light. Currently fully leased and income-producing, this is an excellent opportunity for investors or owner-occupants looking to offset expenses while enjoying island living.
Listing Agent
Berkshire Hathaway HomeServices Knight & Gardner Realty License #3391130 Listed on: 01/28/2026
Co-Listing Agent
Berkshire Hathaway HomeServices Knight & Gardner Realty License #3451909
Map
Property Details
Home Type
Multi-Family
Year Built
1958
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Duplex
- First Right of Refusal: No
- Mandatory HOA: No
- Fee Includes: Other
- Key Island: Key West
- K W Neighborhood: Old Town-S of Truman
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 3.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 6938.49
- Year Built: 1958
- Alternate Key Number: 1050440
- Building Style: Other Bldg Style
- Lot Sq Ft: 5106.00
- Tax Exemptions: None
- Building Style Above Flood: No
- Estimated Living Sq Ft: 1239.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Total Bathrooms: 3.00
- Full Bathrooms: 3
- Appliances Other: YES
- Total Bedrooms: 4
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Combo Construction
- Waterview: No Waterview
- Pool: No
Utilities
- Utilities: FKAA
Lot Info
- Deed Restrictions: No
- Flood Zone: AE
- Parcel Number: 00049830-000000
- Lot Size: X
- Land Size: Less Than 1/4 Acre
- Acres: 0.12
Rental Info
- Rentals Allowed: With Restrictions
Tax Info
- Tax Year: 2025
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $6,331 | $725,646 | $490,329 | $235,317 |
| 2024 | $5,990 | $690,268 | $465,054 | $225,214 |
| 2023 | $5,990 | $661,022 | $460,000 | $201,022 |
| 2022 | $5,429 | $597,531 | $394,285 | $203,246 |
| 2021 | $5,016 | $475,084 | $300,769 | $174,315 |
| 2020 | $4,814 | $472,592 | $298,241 | $174,351 |
| 2019 | $4,391 | $403,205 | $226,209 | $176,996 |
| 2018 | $4,472 | $430,887 | $252,747 | $178,140 |
| 2017 | $4,270 | $413,346 | $0 | $0 |
| 2016 | $4,267 | $414,362 | $0 | $0 |
| 2015 | $3,943 | $343,817 | $0 | $0 |
| 2014 | $3,610 | $266,354 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/28/2026 01/28/26 | For Sale | $1,100,000 | -- | $888 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $550,000 | Attorney | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $100,000 | -- | |
| Deed | $14,800 | -- |
Source: Key West Association of REALTORS®
MLS Number: 618352
APN: 00049830-000000
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