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1018 Georgia St Key West, FL 33040

Sponsored
For Sale
$1,100,000

Multi-family - Key West, FL

Type:Multi Family
Property size:
1,452 SF
Lot size:
0.07 Acres
Days on Market:
4
Last Refresh:
Mar 2 at 9:06 am

Property Features for 1018 Georgia St

General Information

Property type
Residential Multi Family
Property subtype
Multi Family
Standard status
Active
Window features
Skylight(s)
Zoning
HMDR - Historic Medium Density Residential
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Bedrooms
3
Bathrooms
3
APN
00033870-000000
Interior features
Built-in Cabinets, Smoke Alarms, Sky Light(s), Dade County Pine, Granite Counter Top
Exterior features
Fencing, Shed
Fencing
Fenced
Appliances
Dryer, Range, Refrigerator
Size
1,452 SF
Lot size
0.07 Acres

Utilities

Cooling system
Ceiling Fan(s)

Building Details

Year built
1943
Floors in Building
2
Flooring type
Tile, Wood
Building materials
Frame
Roof type
Metal
Architectural style
Other
Additional Structures
Packing Shed, Shed(s)

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Listing Contact
Sean Farrer
Sean Farrer

Coldwell Banker Schmitt Real Estate Co. (KW) (305) 296-7727

Listing agent Sean Farrer, P.A. (305) 296-7727 License #3168212

Listing date Feb 27, 2026

MLS# 618760 Listing URL

Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

Key West Income Producing Duplex

This income-producing duplex is located in Old Town Key West. The property has been fully renovated and is in turnkey condition, offering strong income potential. 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. The rear unit is projected to generate $2,800 per month and includes a large private backyard, while the front unit is projected at $2,300 per month. The upstairs treetop unit is currently tenant-occupied. The total projected income is approximately $7,800 per month, or $93,600 annually, reflecting an estimated 8.5% cap rate. The property is centrally located directly across from Bayview Park, offering consistent rental demand and separate electric meters. Situated in an X Flood zone, the property includes a 0.07-acre lot with room for a pool in the backyard. The property size is 1,452 square feet. This multi-family property is zoned HMDR - Historic Medium Density Residential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Monroe County Auto ... Logistics Company

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Key West
County
Monroe
State
Florida
Longitude
-81.790047
Latitude
24.555994

FAQs

What type of property is this?
Duplex - Renovated duplex in Old Town Key West with income potential.
Where is this duplex located?
The property is located at 1018 Georgia St Key West, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: - Income-producing duplex with strong rental income potential: Projected $7,800/month ($93,600 annually) with an estimated 8.5% cap rate.; - **Fully renovated and in turnkey condition with recent upgrades**: new roof, siding, impact windows, updated kitchens and baths, and new flooring.; - **Prime Old Town Key West location**: Centrally located directly across from Bayview Park ensuring consistent rental demand.
More about this property
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