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1018 Georgia St Key West, FL 33040

For Sale
$1,150,000

Apartment 3 or more - Key West, FL

Days on Market:
14
Last Refresh:
Dec 7 at 4:06 pm

Property Features for 1018 Georgia St

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
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
Appliances
Dishwasher, Dryer, Range, Refrigerator, Washer

Building Details

Year built
1943
Flooring type
Wood
Building materials
Frame
Roof type
Metal
Architectural style
Other

Coldwell Banker Schmitt Key Largo (305) 451-4422

Listing agent Diana Lynn Fiddes (305) 451-4422 License #639613

Listing date Nov 24, 2025

MLS# 617249 Listing URL

Copyright © 2025 Florida Keys Board 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.


Overview

Key West Legal Duplex

This legal duplex is located in Old Town Key West, across the street from Bay View Park. The property has recently undergone extensive renovations, including a new roof, new siding, new kitchens, new bathrooms, new subflooring in the back apartment, and new impact windows. The property offers an opportunity for rental income. The downstairs features lock-out units; the back unit is projected to rent for $2500 with backyard exposure, and the front unit is projected to rent for $2200. The projected income is estimated at $7800 per month, with a yearly income of $93,600, bringing a 6.5 cap rate. There is an existing upstairs tenant in place. The property has separate meters for electric and water, and tenants pay their own utilities. The zoning is HMDR - Historic Medium Density Residential.
Property Profile Location Intelligence

Current Use by Public Records

Monroe County Auto ... Exporter

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

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 - Recently 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 $1,150,000.
What are key features of this property?
This property features: - Legal duplex in desirable Old Town Key West location, across from Bay View Park.; - **Extensive recent renovations including new roof, siding, kitchens, bathrooms, subflooring (in back apartment), and impact windows.**; - **High income potential with projected monthly rental income of $7,800 and an annual income of $93,600, yielding a 6.5% cap rate.**
More about this property
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