5331 5th Ave Key West, FL 33040
Estimated payment $17,408/month
About This Home
Discover an exceptional investment opportunity with this sale, featuring a total of 4 parcels encompassing 30,000 square feet of prime real estate. This property includes two commercial units, totalling1,108 square feet of versatile space perfect for your business ventures. In addition, there are six (6) residential units, boasting a combined total of 6 bedrooms and 6 bathrooms across 4,597 square feet, making it ideal for rental income or multi-family living. Plus, take advantage of a vacant lot that provides endless possibilities for development or expansion. Don't miss your chance to own this diverse and valuable property!
Listing Agent
ICAMCO Realty LLC, dba Cosgrove Realty License #3055533 Listed on: 05/07/2025
Map
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$8,406
Year Built
1938
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: Stock Island
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 5.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Ocean
- State Province: FL
- Taxes: 6829.91
- Year Built: 1938
- Alternate Key Number: 1161021
- Lot Sq Ft: 7500.00
- Species List: No
- Tax Exemptions: None
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 1200.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Total Bathrooms: 1.00
- Full Bathrooms: 1
- Appliances Other: Buyer to Verify
- Total Bedrooms: 1
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Combo Construction
- Waterview: No Waterview
- Pool: No
Utilities
- Utilities: FKAA, Elect Separate Meter, Municipal Sewer
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00126820-000000
- Land Size: 1/2 - Less Than 1 AC
- Acres: 0.17
Rental Info
- Rentals Allowed: With Restrictions
Tax Info
- Tax Year: 2024
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 | $8,406 | $550,068 | $487,500 | $62,568 |
| 2023 | $8,406 | $630,022 | $570,000 | $60,022 |
| 2022 | $5,224 | $345,022 | $285,000 | $60,022 |
| 2021 | $4,657 | $192,871 | $142,500 | $50,371 |
| 2020 | $4,652 | $192,871 | $142,500 | $50,371 |
| 2019 | $4,524 | $180,230 | $129,375 | $50,855 |
| 2018 | $4,526 | $178,618 | $127,500 | $51,118 |
| 2017 | $4,593 | $192,013 | $0 | $0 |
| 2016 | $4,554 | $195,950 | $0 | $0 |
| 2015 | $4,539 | $182,960 | $0 | $0 |
| 2014 | $4,535 | $188,429 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2025 05/07/25 | For Sale | $2,999,000 | -- | $2,499 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,500,000 | Oropeza Stones Cardenas Pllc | |
| Deed | -- | Highsmith & Van Loon Pa | |
| Warranty Deed | $100 | -- | |
| Warranty Deed | $100 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,875,000 | New Conventional |
Source: Key West Association of REALTORS®
MLS Number: 614930
APN: 00126820-000000
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