$2,000,000
Key West, FL 33040
MLS# 615878
Status: Closed
8 beds | 8 baths | 3532 sqft
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Property Description
Situated in the heart of Old Town Key West, this exceptional multi-family property offers four well-maintained 2-bedroom, 2-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.
Details
Maps
Contract Information
Current Price: $2,000,000
Listing Date: 2025-06-21
Listing Board: Marathon/Lower Keys
Leased Price Monthly: $2,000,000
Location, Tax & Legal
Street #: 909 & 913
Street Name: Thomas
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1968
Lot SqFt: 7666.83
Lot Sqft Source: Property Data Card
Living Apx SqFt: 3532
SqFt Source: Property Data Card
Total Bedrooms: 8
Full Baths: 8
Total Baths: 8
Rentals Allowed: With Restrictions
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: No
Status Change Info
Under Contract Date: 2025-12-18
Leased Date: 2026-02-27
Leased Price Monthly: $2,000,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Appliances: Dishwasher; Dryer; Oven; Range; Refrigerator
Construction: CBS; Combo Construction; Concrete
Pets: Pets Allowed
Land Size: More than 1 Lot
Listing Office: Buy The Keys
Last Updated: March - 03 - 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.