1031 Exchange

Key West, FL 1031 Exchange Properties for Sale

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Stock Island, FL Summerland Key, FL Big Pine Key, FL Cudjoe Key, FL
Nine-Unit Apartment Building
Updated: Sep 24, 2025
Nine-Unit Apartment Building

818 Elizabeth Street, Key West, FL 33040

$4,699,000
5,317 sqft 0.18 AC lot
Nine‑unit multifamily property in Old Town Key West, configured with eight 1‑bedroom/1‑bath units plus one 2‑bedroom/1‑bath unit
Three separate buildings on an 8,042 SF lot
Built in 1928 with ICFs (Insulated Concrete Forms) construction materials
Metal roof
Off‑street parking
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Duval Street Retail Investment Property
Updated: Sep 25, 2025
Duval Street Retail Investment Property

517 Duval Street, Key West, FL 33040

$6,500,000
7,854 sqft
Prime Duval Street location with a long‑term, strong NNN lease from Coach (Tapestry) extended through January 31, 2033, with an option to extend until 2036.
Significant upcoming renovation of the Coach retail store in Summer 2025, fully funded by the tenant.
Consistent income from a fully rented second floor with 6 professional offices, each with separate electric meters.
Large, valuable parking lot in the rear (518 Bahama St.) accommodating 10+ cars, a dumpster, and a loading area.
Excellent condition of the 2‑story concrete building with recent renovations, including new impact‑resistant doors and windows, awning replacement, and roof recoating.
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Two-Building Apartment Income Property
Two-Building Apartment Income Property

818 Elizabeth Street, Key West, FL 33040

$3,750,000

Two-building multifamily asset with eight updated one-bedroom, one-bath units suited for staff housing or rental ownership.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Key West, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Miami Commercial Property For Sale
Miami Commercial Property For Sale

16205 SW 117th Ave 3, Miami, FL 33177

$495,000
0.02 AC lot

Commercial property available for sale in Miami, Florida.

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1031 Exchange Property
1031 Exchange Property

14300 SW 200, Miami, FL 33177

$849,000
5.20 AC lot

Partially fenced parcel with well and public water sources along SW 200 Street.

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Naples Motorcoach Resort Paradise
Naples Motorcoach Resort Paradise

13419 Snook Cir lot: 29, Naples, FL 34114

$395,000
0.09 AC lot

Landscaped lot with tiki, casita, and outdoor kitchen.

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Commercial Property in Naples, Florida
Commercial Property in Naples, Florida

280 Indies Dr E 101,102,201,202, Naples, FL 34114

$1,800,000

Commercial property available for sale in Naples, Florida.

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Key West, FL 1031 Exchange Properties Market Trends and Statistics

Explore 3 1031 exchange properties for sale in Key West, FL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 13,171 square feet of properties for sale, with an estimated market value of $14,949,000.

Sale prices for 1031 exchange properties in Key West, FL start at $3,750,000, averaging $4,983,000, and reaching up to $6,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Marinas 14
1031 exchange properties 5
NNN properties 4
Nursery and garden centers 2

Demographics Overview

Population 36K
Population Growth (5Y) +3.8%
Median Household Income $79,038
College Educated 17.6%

High-Yield Neighborhoods for Investment

Identify Key West submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
33040 $4.2M

Taxes & Financing

Tax Rate (average for all types) 0.71%
Property Tax per SF $10.90 per SF
Tax Rate vs County Average 0.03 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Monroe County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Monroe County

Retail

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