$2,378,000

Estimated payment $14,098/month

Total Views 309
8 Beds
4 Baths
3,532 Sq Ft
$673 Price per Sq Ft

About This Home

Situated in the heart of Old Town Key West, this exceptional multi-family property offers four well-maintained 2-bedroom, 1-bathroom apartments--perfectly positioned for strong, consistent rental income. Just a short stroll to Duval Street, renowned restaurants, the Truman Waterfront, and local attractions, this property is ideally located for long-term or monthly rentals.Each unit features a private entrance, full kitchen, and a bright, functional layout, making it a turnkey opportunity for investors. The property also includes a 3,898 sq ft vacant lot directly behind the main building, offering rare development or expansion potential. The lot benefits from a dedicated access strip that connects directly to the frontage road, providing valuable street access and enhancing its usability for future projects.Whether you're looking to expand your portfolio, develop additional units, or simply hold a high-demand rental asset with room to grow, this is a rare find in one of Key West's most desirable neighborhoods.

Listing Agent

Richard Haskins

Buy The Keys License #3285669 Listed on: 06/21/2025

Co-Listing Agent

Parker Simpson

Buy The Keys License #3343423

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,277

Year Built

  • Built in 1968

Home Design

  • 3,532 Sq Ft Home
  • Pre-Cast Concrete Construction

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Separate Meters
  • Public Hookup Available For Sewer

Additional Features

  • Dryer
  • 865.1 Acre Lot

Community Details

Overview

  • No Home Owners Association
  • Old Town Unlisted Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,277

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Bahama Village
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 11277.00
  • Year Built: 1968
  • Alternate Key Number: 1015237 & 1015211
  • Lot Sq Ft: 37683898.00
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 3532.00
  • 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: Dryer, Oven, Range, Refrigerator, Dishwasher
  • Total Bedrooms: 8

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Combo Construction, Concrete
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: More than 1 Lot

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2025 06/21/25 For Sale $2,378,000 -- $673 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

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Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 615878