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    Key West, FL Apartment Buildings for Sale

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    Stock Island, FL Sugarloaf Key, FL Cudjoe Key, FL
    11 results
    Key West Multi-Unit Investment
    $2,250,000
    3,876 SF

    Key West Multi-Unit Investment

    912 Pohalski Street, Key West, FL 33040

    Six legal apartments with parking in Key West's Old Town.

    • Prime multi‑unit property in Old Town with six legal apartments and six off‑street parking spaces.
    • High monthly gross rents of $14,500 with limited expenses.
    • Desirable unit mix: three 1bd/1ba, two 2bd/1ba, and one 3bd/1ba.
    • Each apartment has separate electric and water meters.
    • Located on a 3,598 sq ft lot with access from two streets (Pohalski St. and Havana Lane).
    Updated: May 29
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    Key West Multi-Unit Investment
    $2,250,000
    3,876 SF

    Key West Multi-Unit Investment

    912 Pohalski Street, Key West, FL 33040

    Six legal apartments with parking in Old Town Key West.

    • Six legal apartments with six off‑street parking spaces in Old Town.
    • High monthly gross rents of $14,500 with limited expenses.
    • Separate electric and water meters for each apartment.
    • Suitable for long‑term investors, 1031 exchange, or employee housing.
    • Located in a BFE flood zone and is high and dry.
    Updated: May 31
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    Redevelopment Opportunity in Old Town
    $3,485,000
    3,956 SF

    Redevelopment Opportunity in Old Town

    Six-unit redevelopment with permits in the heart of Old Town.

    709 Whitmarsh Lane, Key West, FL 33040
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    Key West Multifamily Investment Opportunity
    $3,799,000
    3,797 SF

    Key West Multifamily Investment Opportunity

    Eight updated units on a 5,575 SqFt lot in Key West.

    818 Elizabeth Street, Key West, FL 33040
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    Key West Multifamily Investment Opportunity
    $1,899,000
    2,790 SF

    Key West Multifamily Investment Opportunity

    Seven-unit multifamily property in Key West's Old Town.

    909 Grinnell Street, Key West, FL 33040
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    Seven Units in Old Town
    $1,899,000
    2,790 SF

    Seven Units in Old Town

    Seven-unit multifamily property in Key West's Old Town.

    909 Grinnell Street, Key West, FL 33040
    View details
    Key West Redevelopment Opportunity
    $3,485,000
    0.11 Acres

    Key West Redevelopment Opportunity

    Redevelopment opportunity with permits in the heart of Old Town.

    709 Whitmarsh Lane, Key West, FL 33040
    View details
    Key West Multifamily Investment Opportunity
    $4,794,000
    5,317 SF

    Key West Multifamily Investment Opportunity

    Nine-unit multifamily property in Old Town Key West for sale.

    818 Elizabeth Street, Key West, FL 33040
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    Waterfront Key West Investment Opportunity
    $4,750,000
    3,788 SF

    Waterfront Key West Investment Opportunity

    Historic Key West property with multi-family configuration and commercial zoning.

    901 Eisenhower Drive, Key West, FL 33040
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    Historic Key West Mixed-Use Property
    $4,950,000
    8,472 SF

    Historic Key West Mixed-Use Property

    Unique historic property near Duval Street with multi-unit and commercial potential.

    314 Simonton Street, Key West, FL 33040
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    Key West Redevelopment Opportunity
    $3,485,000
    3,956 SF

    Key West Redevelopment Opportunity

    Redevelopment opportunity with building permit in Old Town Key West.

    709 Whitmarsh Lane, Key West, FL 33040
    View details
    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 11 Active listings in Key West, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    New Construction Five-Plex in Homestead
    $1,500,000

    New Construction Five-Plex in Homestead

    New construction five-unit multifamily property, ready for lease-up.

    1515 N Redland Rd, Florida City, FL 33034
    View details
    Waterfront Residences - Investment Opportunity
    $11,000,000
    4,066 SF

    Waterfront Residences - Investment Opportunity

    Three designer residences near Coco Plum Beach with income potential.

    2394 Coco Plum Drive, Marathon, FL 33050
    View details
    New Construction Five-Plex in Homestead
    $1,500,000
    5,800 SF

    New Construction Five-Plex in Homestead

    New construction five-unit multifamily property, ready for lease-up.

    1515 N Redland Rd, Florida City, FL 33034
    View details
    Grassy Key Marina Investment
    $9,900,000
    22,000 SF

    Grassy Key Marina Investment

    Marina with rental income, apartments, and potential for growth.

    59073 Overseas Hwy, Marathon, FL 33050
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Miami Development Opportunity
    $4,350,000
    0.96 Acres

    Prime Miami Development Opportunity

    Rare 1-acre parcel in Miami, pre-approved for 80+ units.

    2801 NW 102nd St, Miami, FL 33165
    View details
    Waterfront Lot in Treasure Island
    $2,225,000
    0.34 Acres

    Waterfront Lot in Treasure Island

    Waterfront lot zoned for multifamily residential use in Treasure Island.

    141 104TH AVENUE, Treasure Island, FL 33706
    View details
    Ocean Springs Highway 90 Land
    $675,000
    143,748 SF

    Ocean Springs Highway 90 Land

    3.3 acre commercial land on Highway 90, Ocean Springs.

    Bienville Blvd, Ocean Springs, MS 39564
    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607
    View details

    Off-Market Properties in Key West, FL

    Consider similar Off-Market properties in Key West, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    928 Truman Ave 101 Ky
    Individual retail properties
    2,684 SF
    Value Estimation by Request

    928 Truman Ave 101 Ky, Key West, FL 33040

    View details
    928 Truman Ave
    Multifamily properties
    2,684 SF
    Value Estimation by Request

    928 Truman Ave, Key West, FL 33040

    View details

    Key West, FL Apartment Buildings Investment Opportunities Market Analysis

    Explore 13 apartment buildings for sale in Key West, FL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 30,910 square feet of properties for sale, with an estimated market value of $25,576,000.

    Sale prices for two-family homes in Key West, FL start at $1,899,000, averaging $3,653,714, and reaching up to $4,950,000 — 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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    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 median listing prices of real estate assets

    Neighborhood Average Price
    33040 $3.4M

    Taxes & Financing

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

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