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$1,150,000
Key West, FL 33040
MLS# 617248
3 beds | 2 baths | 1452 sqft
1 / 4
Open House (01/04/2026 - 11:00 am - 1:00 pm)
Property Description
Investors Alert! Legal Duplex in Old Town Key West. This property just had an Extreme Makeover. new roof, new siding, new kitchens, new bathrooms., new sub flooring in the back apartment, new impact windows . An opportunity to own a rental Property in Kew West with great income flow. With all the upgrades the rent will be increased. Downstairs lock out units; the back unit will rent for $2500 with a back yard exposure. The front unit rent for $2200. Projected income will be estimating $7800. per month. Never a problem renting in the past. Upstairs tenant in place. The yearly income $93,600 bring a 6.5 cap rate. Located across the street form Bay View Park. An Exceptional location and Opportunity. @ separate meters for electric and water. tenants pay their own utilities. All units will be ready to show from December 19th onwards. Updated photos and floorplan to follow ASAP.
Details
Maps
Contract Information
Listing Board: Florida Keys
As is Rght to Inspct: Yes
Species List: No
Current Price: $1,150,000
Listing Date: 2025-10-31
List Price: $1,150,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 2
Marathon Neighborhood: N/A
Side: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1034771
Handicap Access: No
Parcel #: 00033870-000000
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: No
Legal: KW PT OF TR 14 G12-259 OR711-313L/E OR714-668/69 OR714-665/67 OR1464-327AFFD OR1752-1083/84 OR1814-122D/C OR2534-1792/9
Taxes: 7314.45
Tax Year: 2024
Pub Sewer HkUp: Yes
Street #: 1018
Street Name: Georgia
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Casa Gato (2.0)
Area: 03 - Key West
General Property Description
Realtor.COM Type: Multi-family
Waterfront: No
Control Depth: 0
Lot Size: 3042
Lot SqFt: 3042
Pool: No
Lot Sqft Source: Tax Records
Total Units: 3
Acres: 0.07
SqFt Source: Tax Records
Rentals Allowed: Yes
Min Rental Days: 28
Style: Duplex
Year Built: 1943
Living Apx SqFt: 1452
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Investors Alert! Legal Duplex in Old Town Key West. This property just had an Extreme Makeover. new roof, new siding, new kitchens, new bathrooms., new sub flooring in the back apartment, new impact windows . An opportunity to own a rental Property in Kew West with great income flow. With all the upgrades the rent will be increased. Downstairs lock out units; the back unit will rent for $2500 with a back yard exposure. The front unit rent for $2200. Projected income will be estimating $7800. per month. Never a problem renting in the past. Upstairs tenant in place. The yearly income $93,600 bring a 6.5 cap rate.
Located across the street form Bay View Park. An Exceptional location and Opportunity. @ separate meters for electric and water. tenants pay their own utilities. All units will be ready to show from December 19th onwards. Updated photos and floorplan to follow ASAP.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dryer: 1
More Appliances: 1
Range: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Wood: 1
Neighborhood Feature
Bike Paths: 1
Other Area Features: 1
Interior Features
Built-in Cabinets: 1
Building Style
Above Flood: Yes
Stories: 2 Stories
Windows/Doors
Impact Rstnce Window: 1
Security
No Security: 1
Construction
Frame: 1
Hardi Board Siding: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Utilities
FKAA: 1
Title
Title Ins - Buyer: 1
Roof
Metal Roof: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA
Interior Features: Built-in Cabinets
Appliances: Dryer; More Appliances; Range; Refrigerator; Washer
Construction: Frame; Hardi Board Siding
Floor: Wood
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Bike Paths; Other Area Features
Security: No Security
Land Size: Less Than 1/4 Acre
Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Key Largo
Last Updated: December - 17 - 2025
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.