$1,899,000
Key West, FL 33040
MLS# 615913
7 beds | 6 baths | 2790 sqft
1 / 13
Property Description
Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! That's less than $272K per unit! Renovations in progress. Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three 1-bedroom units and 2 studio units. All with separate exterior entrances. Convenient location is close to many Old Town hot spots including world famous Duval St.. Perfect for employee housing or income producing multi-unit property. Advanced notice required before showings and don't expect to see all six of the units at once. Please do NOT disturb tenants. This is a duplicate entry.
Details
Maps
Contract Information
Current Price: $1,899,000
Listing Date: 2025-07-23
Listing Board: Key West Association
Monthly Rent: $1,899,000
Location, Tax & Legal
Street #: 909
Street Name: Grinnell
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: 1976
Total Units: 7
Lot Size: 93 X 29 irregular
Lot SqFt: 3002
Lot Sqft Source: Tax Records
Acres: 0.07
Living Apx SqFt: 2790
SqFt Source: Tax Records
Total Bedrooms: 7
Full Baths: 6
Total Baths: 6
Rentals Allowed: With Restrictions
Min Rental Days: 30
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 7
Appliances
Other: some appliances
Building Style
Above Flood: Yes
# Stories: 2 Stories
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Cooling: Wall/Window Unit(s)
Utilities: Buyer to Verify
Construction: CBS
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Title: Title Ins - Buyer
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: August - 27 - 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.