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$1,499,000
Key West, FL 33040
MLS# 618151
7 beds | 4 baths | 2699 sqft
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Property Description
1614 Dennis St is a rare income-producing triplex offering strong cash flow and flexible use in the heart of Key West. Generating over $125,000 annually in rental income, this well-configured property features three separate units, each with its own washer and dryer, making it highly desirable for long-term tenants and employee housing. The layout includes two spacious 2-bedroom / 1-bath units and an upstairs 3-bedroom / 2-bath residence, providing multiple rental strategies and value-add potential. A standout feature is parking for up to 7 vehicles—a true luxury in Key West and a major draw for tenants. Large Shed on property with two dedicated spaces that could be converted into a workspace. Ideal for investors seeking steady returns or employers looking for quality workforce housing, this triplex combines strong income, practical design, and exceptional parking in one compelling opportunity. Please note some photos were digitally staged and or altered to protect tenant privacy.
Details
Maps
Contract Information
Listing Board: Key West Association
Current Price: $1,499,000
Listing Date: 2026-01-16
List Price: $1,499,000
Location, Tax & Legal
KW Neighborhood: New Town
City: KEY WEST
Mile Marker: 3
Marathon Neighborhood: N/A
Side: Median
Flood Zone: AE
Alternate Key #: 1063347
Parcel #: 00062930-000000
Zoning: SF - Single Family
Deed Restrictions: Unknown
Legal: KW DIAG PB 1-13 ALL LT 10 THE SELY 2 FT 4 IN OF LT 13 SQR 4 TR 30 OR300-455/56 OR520-947 OR980-892 OR1089-1773 OR1324-17
Taxes: 8312.45
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 1614
Street Name: Dennis
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: New Town - Unrecord (3.0)
Area: 03 - Key West
General Property Description
Realtor.COM Type: Multi-family
Waterfront: No
Control Depth: 0
Lot Size: 55 X 92
Lot SqFt: 5056
Pool: No
Total Units: 0
Acres: 0.12
SqFt Source: Tax Records
Rentals Allowed: Yes
Style: Multi-Units
Year Built: 1968
Living Apx SqFt: 2699
Total Bedrooms: 7
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: 1614 Dennis St is a rare income-producing triplex offering strong cash flow and flexible use in the heart of Key West. Generating over $125,000 annually in rental income, this well-configured property features three separate units, each with its own washer and dryer, making it highly desirable for long-term tenants and employee housing.
The layout includes two spacious 2-bedroom / 1-bath units and an upstairs 3-bedroom / 2-bath residence, providing multiple rental strategies and value-add potential. A standout feature is parking for up to 7 vehicles—a true luxury in Key West and a major draw for tenants. Large Shed on property with two dedicated spaces that could be converted into a workspace.
Ideal for investors seeking steady returns or employers looking for quality workforce housing, this triplex combines strong income, practical design, and exceptional parking in one compelling opportunity.
Please note some photos were digitally staged and or altered to protect tenant privacy.
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
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Combo: 1
Tile: 1
Vinyl: 1
Interior Features
Cathedral Ceilings: 1
Smoke Alarms: 1
Property Condition
Fixer Upper: 1
Building Style
Above Flood: Unknown
Stories: 2 Stories
Vehicle Storage
Car(s): 4+
Off Street Parking: 1
Construction
CBS: 1
Combo Construction: 1
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Terms
Cash: 1
Conventional: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Title
Negotiable: 1
Exterior Features
Shed: 1
Roof
Combo Roof: 1
Metal Roof: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Fixer Upper
Vehicle Storage: Off Street Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Utilities: Buyer to Verify; FKAA
Interior Features: Cathedral Ceilings; Smoke Alarms
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Exterior Features: Shed
Construction: CBS; Combo Construction; Frame
Floor: Combo; Tile; Vinyl
Roof: Combo Roof; Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Title: Negotiable
Listing Office: Ocean Sotheby's International Realty
Last Updated: January - 20 - 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.