$4,849,000
Key West, FL 33040
MLS# 616601
10 beds | 10 baths | 5317 sqft
1 / 25
Property Description
Rare Multi-Family Investment Opportunity in Old Town Key West. This unique property is comprised of nine units, including eight updated one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. 3 buildings situated on a 8,042 SqFt lot. It offers an exceptional opportunity for employers seeking staff housing, investors interested in a 1031 Exchange, or those considering a condo conversion. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $4,849,000
Listing Date: 2025-09-24
List Price: $4,849,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: X
Alternate Key #: 1018830
Parcel #: 00018340-000000
Zoning: HDR - High Density Residential
Legal: KW PT LOT 14 OF TR 5 G70-74/75 OR2499-572 OR2503-1936 OR2582-1047/52 OR3205-1772
Taxes: 22622.75
Tax Year: 2024
Street #: 818
Street Name: Elizabeth
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
General Property Description
Realtor.COM Type: Multi-Family
Waterfront: No
Control Depth: 0
Lot Size: 50.8 X 154
Lot SqFt: 8042
Total Units: 10
# Stories: 2
Total # Buildings: 3
Building SqFt: 5317
Style: Residential Income
Living Apx SqFt: 5317
Year Built: 1928
Total Bedrooms: 10
Full Baths: 10
Total Baths: 10
Remarks & Misc
Remarks – Consumer: Rare Multi-Family Investment Opportunity in Old Town Key West. This unique property is comprised of nine units, including eight updated one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. 3 buildings situated on a 8,042 SqFt lot. It offers an exceptional opportunity for employers seeking staff housing, investors interested in a 1031 Exchange, or those considering a condo conversion. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
Non Trans Rntl Lic: 1
Type
Apartment 3 or more: 1
Fee Includes
Other: 1
Dockage
None: 1
Cooling
Wall/Window Unit(s): 1
Waterfront
None: 1
Waterview
No Waterview: 1
Vehicle Storage
Off Street Parking: 1
Construction
ICFs (Insulated Concrete Forms): 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Separate Meters: 1
Miscellaneous
Sprinkler System: 1
Other Miscellaneous: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
License Info: Non Trans Rntl Lic
Type: Apartment 3 or more
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer; Separate Meters
Miscellaneous: Sprinkler System; Other Miscellaneous
Construction: ICFs (Insulated Concrete Forms)
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Fee Includes: Other
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: February - 10 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.