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$1,100,000
Key West, FL 33040
MLS# 618760
3 beds | 3 baths | 1452 sqft
1 / 32
Property Description
Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.
Details
Maps
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Species List: No
Current Price: $1,100,000
Listing Date: 2026-02-21
List Price: $1,100,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
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 OR2534-1792/93
Taxes: 7823.52
Tax Year: 2025
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 SqFt: 3042
Pool: No
Lot Sqft Source: Tax Records
Total Units: 0
Acres: 0.07
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 28
Style: Duplex
Year Built: 1943
Living Apx SqFt: 1452
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit.
The downstairs features two lockout units--rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate.
Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric.
X Flood zone with plenty of room for a pool in the backyard.
Directions: Coming down Truman Ave turn left onto Georgia St . 1018 Georgia St
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
Stainless Steel Appliance(s): 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
Tile: 1
Wood: 1
Neighborhood Feature
Bike Paths: 1
Other Area Features: 1
Interior Features
Built-in Cabinets: 1
Dade County Pine: 1
Granite Counter Top: 1
Sky Light(s): 1
Smoke Alarms: 1
Building Style
Above Flood: Yes
Stories: 2 Stories
Windows/Doors
Aluminum Windows: 1
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
Terms
Cash: 1
Conventional: 1
FHA: 1
Seller Finance Psble: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Porch/Balcony
Open Porch/Balcony: 1
Roof Top Deck: 1
Title
Title Ins - Buyer: 1
Exterior Features
Fencing: 1
Shed: 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: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Built-in Cabinets; Dade County Pine; Granite Counter Top; Sky Light(s); Smoke Alarms
Appliances: Dryer; More Appliances; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Fencing; Shed
Construction: Frame; Hardi Board Siding
Floor: Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Bike Paths; Other Area Features
Security: No Security
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; Seller Finance Psble
Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co. (KW)
Last Updated: February - 23 - 2026
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