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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

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    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.**
    (305) 451-4422
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    1018 Georgia St Key West, FL 33040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1018 Georgia St Key West, FL 33040
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