905 Grinnell St Key West, FL 33040
Old Town NeighborhoodEstimated payment $12,805/month
Total Views
5,637
8
Beds
4
Baths
3,383
Sq Ft
$619
Price per Sq Ft
About This Home
BIG TIME INVESTMENT OPPORTUNITY in the heart of the Historic District of Key West. Originally built as a former church, this 4 unit active rental property offers 3,383 square feet of living space, featuring 8 bedrooms and 4 bathrooms, and currently generates $10,908.50 in monthly rental income. (See below for a breakdown of beds and baths per unit) With versatile possibilities, it has the potential for improvement and the possibility of condominium conversion. Each unit is large and spacious by Key West standards and includes high ceilings. The building is of concrete block construction and currently had all concrete spalling issues resolved and painted. Off street parking for three cars, a rarity for Old Town, Key West. This property is located in one of the most desirable neighborhoods and is just a short walk to World famous Duval street, the island's best restaurants, shopping and more! Unit breakdown: (A) 3BD/1BA leased for $3,039.50 per month (B) STUDIO/1BA leased for $2,369 per month (C) 2BD/1BA leased for $2,700 per month (D) 2BD/1BA leased for $2,800 per month
Map
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$13,207
Year Built
1959
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Multi-Units
- First Right of Refusal: No
- Mandatory HOA: No
- Document Count: 3
- Fee Includes: None
- Financial Status Bank Owned: No
- Key Island: Key West
- K W Neighborhood: Old Town-N of Truman
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 1.00
- M L S Identifier: 20060123165453488875000000
- Off Shore Island: No
- Pets W Restrictions: YES
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 13206.78
- Title: Negotiable
- Vehicle Storage: Off Street Parking
- Vehicle Storage Cars: 3
- Year Built: 1959
- Alternate Key Number: 1021601
- Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
- Lot Sq Ft: 5737.00
- Porch Balcony: Deck, Patio
- License Info: Non Trans Rntl Lic
- Tax Exemptions: None
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 3383.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Total Bathrooms: 4.00
- Full Bathrooms: 4
- Appliances: Washer, Microwave, Oven, Refrigerator, Dryer
- Floor: Tile
- Windows/Doors: French Doors, Other Windows/Doors
- Total Bedrooms: 8
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: CBS
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: No
Utilities
- Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Buyer to Verify, Sewer Available, Municipal Sewer
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: X-500
- Parcel Number: 00020860-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.13
Rental Info
- Rentals Allowed: With Restrictions
Tax Info
- Tax Year: 2023
Multi Family
- Total Units: 4.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $13,207 | $1,772,270 | $1,247,287 | $524,983 |
| 2023 | $13,207 | $1,758,016 | $1,246,312 | $511,704 |
| 2022 | $11,231 | $1,331,570 | $830,875 | $500,695 |
| 2021 | $10,400 | $1,071,288 | $613,404 | $457,884 |
| 2020 | $9,189 | $858,961 | $597,801 | $261,160 |
| 2019 | $8,970 | $827,745 | $580,247 | $247,498 |
| 2018 | $9,790 | $904,445 | $653,387 | $251,058 |
| 2017 | $9,597 | $904,480 | $0 | $0 |
| 2016 | $9,101 | $768,981 | $0 | $0 |
| 2015 | $10,388 | $873,002 | $0 | $0 |
| 2014 | $7,724 | $603,280 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Price Changed | $2,095,000 | -8.9% | $619 / Sq Ft |
| 02/11/2025 02/11/25 | Price Changed | $2,300,000 | -8.0% | $680 / Sq Ft |
| 10/14/2024 10/14/24 | For Sale | $2,500,000 | -- | $739 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,042,500 | Chicago Title Insurance Co | |
| Quit Claim Deed | $636,200 | -- | |
| Warranty Deed | $104,285 | -- | |
| Warranty Deed | $140,000 | -- | |
| Warranty Deed | $91,800 | -- | |
| Deed | $181,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $842,500 | Seller Take Back | |
| Previous Owner | $340,000 | Commercial |
Source: Public Records
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 611809
APN: 00020860-000000
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.
Nearby Homes
- 846 Olivia St
- 1014 Truman Ave Unit 3
- 928 Truman Ave Unit 101
- 1028 Truman Ave
- 912 Pohalski St
- 816 Ashe St
- 1102 Petronia St
- 1014 Varela St Unit 3
- 715 Frances St
- 1105 Watson St
- 1111 Watson St Unit C
- 1114 Grinnell St
- 710 Ashe St Unit Front and Back
- 710 Ashe St Unit Rear
- 1017 Angela St
- 1114 Packer St
- 737 Olivia St
- 1116 Packer St
- 626 Canfield Ln
- 1115 Varela St