NOT LISTED FOR SALE

500 22nd St Marathon, FL 33050

Marathon Area

Estimated Value: $1,195,000 - $1,526,000

8 Beds
4 Baths
2,780 Sq Ft
$478/Sq Ft Est. Value

Sale Details

Date Sold: May 17, 2022

Last sale price $1,250,000 $450 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,956 / mo

16 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Utility Room
  • Coral Shores High School Rated A
  • Ceiling Fan

About This Home

As of May 2022

Fantastic opportunity for an investor or local business for employee housing! This two story, four unit apartment building is a rarity in Marathon. Offering apartments that are all two bedroom, one bathroom units. They are all currently rented with long-term tenants in place; current rents range from $1,715 - $2,000 per unit. The current market rate rent on these units should be $2,400 + monthly. Separately metered electric for each unit, which tenants pay. There is plenty of parking on-site and a laundry room out back (owner pays utilities for laundry room). If you own a local business and worry about employee retention due to housing, this may be the investment you need to make to secure your longevity.

Last Agent to Sell the Property

Mallory Pinto

Keys Ocean Realty Inc. License #BK3373799 Listed on: 01/12/2022

Keys Ocean Realty Inc.

Last Buyer's Agent

David Grego

Island Breeze Realty Branch Office License #BK3107004

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,040

Year Built

  • Built in 1973

Lot Details

  • 6,002 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,780 Sq Ft Home
  • Ceiling Fan
  • Utility Room
  • Tile Flooring
  • Monitored

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00102830-000100

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • R & R Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,040

Year Built

Built in 1973

Lot Details

6,002 Sq Ft Lot

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: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Old Town East (25th to Sombrero)
  • Mile Marker: 48.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 6039.60
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1973
  • Alternate Key Number: 1120014
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 6002.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2780.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Oven, Range, Dryer
  • Floor: Tile
  • Specialty Rooms: Utility Room
  • Total Bedrooms: 8
  • Accessibility Features: None

Exterior Features

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

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Elect Separate Meter

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00102830-000100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 4.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2025
Sold by
Bought by
Current Estimated Value
$1,328,151

Purchase Details

Closed on
Jun 3, 2025
Sold by
Bought by

Purchase Details

Listed on
Jan 12, 2022
Closed on
May 17, 2022
Sold by
Bought by
Seller's Agent
Mallory Pinto
Keys Ocean Realty Inc.
Buyer's Agent
David Grego
Island Breeze Realty Branch Office
List Price
$1,295,000
Sold Price
$1,250,000
Premium/Discount to List
-$45,000
-3.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.45%

Purchase Details

Closed on
Oct 27, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 2011
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2000
Sold by
Bought by

Purchase Details

Closed on
Jul 6, 2000
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1990
Bought by

Purchase Details

Closed on
Apr 1, 1988
Bought by

Purchase Details

Closed on
Oct 1, 1983
Bought by

Purchase Details

Closed on
Feb 1, 1975
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Marathon, FL

  • Ismaris Texidor Real Estate Agent - Real Estate Sales Force

    Ismaris Texidor

    Real Estate Sales Force

    (786) 891-8625

    41 Total Sales

    4 in Marathon

    $130,000 Price Range

    Ismaris Texidor
     Section Image
  • Mark Cooper Real Estate Agent - Coldwell Banker Realty 24

    Mark Cooper

    Coldwell Banker Realty 24

    (720) 575-8705

    67 Total Sales

    1 in Marathon

    $1,250,000 Price

    Mark Cooper
     Section Image
  • Lorie Leal Real Estate Agent - American Caribbean Real Estate, Christie's International Real Estate

    Lorie Leal

    American Caribbean Real Estate, Christie's International Real Estate

    (855) 720-8007

    116 Total Sales

    7 in Marathon

    $350K - $5.6M Price Range

    Lorie Leal
     Section Image
  • Carolyn Ambler Real Estate Agent - American Caribbean Real Estate, Christie's International Real Estate

    Carolyn Ambler

    American Caribbean Real Estate, Christie's International Real Estate

    (475) 231-4734

    38 Total Sales

    2 in Marathon

    $2,000,000 Price Range

    Carolyn Ambler
     Section Image
  • Maria Prat Real Estate Agent - Premiere Plus Realty Company

    Maria Prat

    Premiere Plus Realty Company

    (239) 350-7658

    67 Total Sales

    1 in Marathon

    $1,100,000 Price

    Maria Prat
     Section Image
  • Yvette Toledo-Baste Real Estate Agent - Compass Florida, LLC

    Yvette Toledo-Baste

    Compass Florida, LLC

    (786) 882-4162

    52 Total Sales

    2 in Marathon

    $370,000 Price Range

    Yvette Toledo-Baste
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$1,250,000 Cunningham Miller Rhyne Pa
-- Brevard Title Llc
$289,000 Attorney
$500,000 --
$175,000 --
$235,000 --
$173,000 --
$135,000 --
$108,000 --
$67,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $400,000
Previous Owner $350,000
Previous Owner $350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/17/2022 05/17/22 Sold $1,250,000 -3.5% $450 / Sq Ft
01/12/2022 01/12/22 For Sale $1,295,000 -- $466 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,700 $581,523 $181,485 $400,038
2024 $8,429 $607,128 $206,692 $400,436
2023 $8,429 $663,346 $252,063 $411,283
2022 $6,698 $576,891 $160,060 $416,831
2021 $6,040 $419,334 $108,387 $310,947
2020 $5,744 $397,989 $86,962 $311,027
2019 $5,745 $399,613 $79,970 $319,643
2018 $5,630 $406,082 $79,970 $326,112
2017 $5,488 $403,224 $0 $0
2016 $5,240 $360,237 $0 $0
2015 $4,959 $320,522 $0 $0
2014 $4,986 $323,328 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mallory Pinto Real Estate Agent - Keys Ocean Realty Inc.

    Seller's Agent in 2022

    Mallory Pinto

    Keys Ocean Realty Inc.

    (813) 846-6759

    20 Total Sales

    Mallory Pinto
    Section Image

  • D

    Buyer's Agent in 2022

    David Grego

    Island Breeze Realty Branch Office

    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 599200

APN: 00102830-000100

Florida Monroe County Marathon 33050

500 22nd St, Marathon, FL

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.

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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