2007 Flagler Ave Key West, FL 33040
Mid Town NeighborhoodEstimated payment $7,648/month
Total Views
1,888
6
Beds
5
Baths
2,102
Sq Ft
$618
Price per Sq Ft
About This Home
Discover a smart investment opportunity and a relaxed lifestyle right in Key West's Midtown. This actively leased duplex is ideally located, just steps from Key West High School and close to beaches, restaurants and postcard-worthy sunsets. With two spacious units, the property generates a robust monthly income of $9000, totaling approximately $108,000 annually.Whether you're an investor looking for strong returns or a buyer dreaming of island living with built-in income, this property delivers exceptional flexibility. Live in one unit and lease the other, or rent out both for maximum cash flow. The interiors are updated, offering generous bedrooms and a flexible layout. Zoned for multi-family use and located on a 5000 sq ft lot, this 2-story duplex is an excellent opportunity for savvy buyers looking for both ROI and tropical tranquility in paradise.
Listing Agent
Keller Williams Key West Compass Realty License #3414367 Listed on: 08/01/2025
Map
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,778
Year Built
1938
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Duplex
- As Is Right To Inspect: Yes
- First Right of Refusal: No
- Mandatory HOA: No
- Fee Includes: None
- Financial Status Bank Owned: No
- Key Island: Key West
- K W Neighborhood: Midtown East
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 3.00
- Min Rental Days: 30.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 7180.26
- Title: Negotiable
- Vehicle Storage: Off Street Parking
- Year Built: 1938
- Alternate Key Number: 1045853
- Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
- Lot Sq Ft: 5000.00
- Porch Balcony: Open Porch/Balcony, Patio
- License Info Number Of City License: 2
- Shutters: Panel
- Tax Exemptions: None
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 2102.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Interior Amenities: Quartz Countertops
- Total Bathrooms: 5.00
- Full Bathrooms: 5
- Appliances: Washer, Microwave, Range, Refrigerator, Dryer
- Floor: Tile, Laminate
- Windows/Doors: French Doors, Glass Doors
- Total Bedrooms: 6
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Exterior Features: Fencing, Shed
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: No
Utilities
- Utilities: FKAA, Buyer to Verify, Municipal Sewer
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00045260-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.11
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Unfurnished
Tax Info
- Tax Year: 2024
Create a Home Valuation Report for This Property
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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 |
|---|---|---|---|---|
| 2024 | $6,778 | $796,935 | $368,000 | $428,935 |
| 2023 | $6,778 | $738,253 | $364,000 | $374,253 |
| 2022 | $6,200 | $690,220 | $312,000 | $378,220 |
| 2021 | $5,764 | $560,471 | $238,000 | $322,471 |
| 2020 | $5,475 | $531,707 | $236,000 | $295,707 |
| 2019 | $5,080 | $481,398 | $179,000 | $302,398 |
| 2018 | $5,408 | $509,089 | $200,000 | $309,089 |
| 2017 | $4,917 | $446,566 | $0 | $0 |
| 2016 | $4,925 | $439,391 | $0 | $0 |
| 2015 | $4,764 | $424,325 | $0 | $0 |
| 2014 | $4,392 | $342,101 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $1,300,000 | +86.0% | $618 / Sq Ft |
| 09/24/2020 09/24/20 | Sold | $699,000 | 0.0% | $375 / Sq Ft |
| 03/03/2020 03/03/20 | For Sale | $699,000 | +16.5% | $375 / Sq Ft |
| 05/31/2017 05/31/17 | Sold | $600,000 | -24.9% | $322 / Sq Ft |
| 05/10/2017 05/10/17 | Pending | -- | -- | -- |
| 09/06/2016 09/06/16 | For Sale | $799,000 | +128.3% | $429 / Sq Ft |
| 04/05/2013 04/05/13 | Sold | $350,000 | -12.9% | $188 / Sq Ft |
| 04/05/2013 04/05/13 | Pending | -- | -- | -- |
| 02/01/2013 02/01/13 | For Sale | $402,000 | -- | $216 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $699,999 | Oropeza Stones Cardenas Pllc | |
| Warranty Deed | $600,000 | Attorney | |
| Warranty Deed | $350,000 | None Available | |
| Warranty Deed | $315,000 | -- | |
| Warranty Deed | $72,000 | -- | |
| Deed | $32,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $716,098 | Purchase Money Mortgage | |
| Previous Owner | $245,000 | Commercial | |
| Previous Owner | $259,500 | Commercial | |
| Previous Owner | $260,000 | Commercial | |
| Previous Owner | $253,000 | Commercial |
Source: Public Records
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 616010
APN: 00045260-000000
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