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$1,150,000
Key West, FL 33040
MLS# 621978
2 beds | 2 baths | 918 sqft
1 / 26
Property Description
Excellent opportunity to own an income-producing duplex conveniently located near Bayview Park and adjacent to the desirable Meadows neighborhood of Key West! This property features two one-bedroom, one-bathroom residences, each with its own private entrance, outdoor space, full kitchen, washer and dryer, and dedicated off-street parking space. Separate water and electric meters provide added convenience and flexibility. Both residences are currently tenant-occupied, generating a combined rental income of $5,400 per month, or $64,800 annually. Unit 1 is leased through April 30, 2027, and Unit 2 through February 28, 2027, offering an opportunity for continued rental income or potential owner occupancy as leases expire. Whether you're looking to expand your investment portfolio, live in one residence while renting the other, or explore future multigenerational living arrangements, this duplex offers versatility in a convenient Key West location. Enjoy proximity to Bayview Park, neighborhood amenities, shopping, dining, and all that Key West has to offer!
Details
Maps
Contract Information
Listing Board: Key West Association
Potential Short Sale: No
Bank Owned: No
Current Price: $1,150,000
Listing Date: 2026-11-06
List Price: $1,150,000
Location, Tax & Legal
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Mile Marker: 1.6
Marathon Neighborhood: N/A
Side: Median
Flood Zone: AE,0.2 PCT ANNUAL CH
Alternate Key #: 1035513
Parcel #: 00034630000000
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: Unknown
Legal: Kw Knights Sub Pb1-27 Lot 8 Sqr 2 Tr 14 Qq-260 G12-291 Or667-596 Or824-2205 Or838-2359 Or3016-1921 Or3147-2430
Taxes: 9474.16
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 1306
Street Name: Eliza
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Knights Sub (2.0)
Area: 03 - Key West
General Property Description
Realtor.COM Type: Multi-family
Waterfront: No
Control Depth: 0
Lot Size: 40 x 91.75
Lot SqFt: 3670
Pool: No
Lot Sqft Source: Property Data Card
Total Units: 2
Acres: 0.08
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 30
Style: Duplex
Year Built: 1963
Living Apx SqFt: 918
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Excellent opportunity to own an income-producing duplex conveniently located near Bayview Park and adjacent to the desirable Meadows neighborhood of Key West! This property features two one-bedroom, one-bathroom residences, each with its own private entrance, outdoor space, full kitchen, washer and dryer, and dedicated off-street parking space. Separate water and electric meters provide added convenience and flexibility.
Both residences are currently tenant-occupied, generating a combined rental income of $5,400 per month, or $64,800 annually. Unit 1 is leased through April 30, 2027, and Unit 2 through February 28, 2027, offering an opportunity for continued rental income or potential owner occupancy as leases expire.
Whether you're looking to expand your investment portfolio, live in one residence while renting the other, or explore future multigenerational living arrangements, this duplex offers versatility in a convenient Key West location. Enjoy proximity to Bayview Park, neighborhood amenities, shopping, dining, and all that Key West has to offer!
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 2
# of County License: 2
Non Trans Rntl Lic: 1
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Attic Fan: 1
Ceiling Fans(s): 1
Central Air: 1
Heat Pump: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Concrete: 1
Neighborhood Feature
Fire Hydrant: 1
Tennis Courts: 1
Interior Features
Drapes/Blinds Incl: 1
Pull Down Stairs: 1
Quartz Countertops: 1
Smoke Alarms: 1
Storage: 1
Window Treatments: 1
Building Style
Above Flood: Unknown
Ground Level: 1
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Sliding Glass Doors: 1
Vehicle Storage
Off Street Parking: 1
Construction
CBS: 1
Stucco: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Terms
Cash: 1
Conventional: 1
FHA: 1
No Seller Finance: 1
VA: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Title
Negotiable: 1
Exterior Features
Fencing: 1
Privacy Wall/Fence: 1
Roof
Metal Roof: 1
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
GF-Interior Features
Dual Flush: 1
LED Lighting: 1
Tankless Hot Wtr Htr: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
License Info: Non Trans Rntl Lic
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Ground Level
Vehicle Storage: Off Street Parking
Furnished: Unfurnished
Cooling: Attic Fan; Ceiling Fans(s); Central Air; Heat Pump
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Drapes/Blinds Incl; Pull Down Stairs; Quartz Countertops; Smoke Alarms; Storage; Window Treatments
Appliances: Dryer; Microwave; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Fencing; Privacy Wall/Fence
Construction: CBS; Stucco
Floor: Concrete
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Fire Hydrant; Tennis Courts
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; No Seller Finance; VA
Title: Negotiable
GF-Interior Features: Dual Flush; LED Lighting; Tankless Hot Wtr Htr
Listing Office: Key West Vacation Properties & Realty, LLC (KW)
Last Updated: November - 07 - 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.