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Renovated Duplex with Private Yard
For Sale
$1,325,000

1126 Grinnell Street, Key West, FL 33040

MULTI_FAMILY - Other - Key West, FL

Property Size875 SF
Lot Size0.03 Acres
Price / SF$1,514
Days on Market54

Property Features for 1126 Grinnell Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning HNC(1-3) - Hist Nghborhd
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Patio and Porch features Deck
Interior features Built-in Cabinets
Appliances Washer, Dryer, Refrigerator, Range, Microwave, Freezer, Stainless Steel Appliance(s)
Subdivision Old Town - Unrecord (1.0)
View Water
Standard status Active
APN 00031680000000
Size 875 SF
Lot size 0.03 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Kw G G Watson Sub I-209 Pt Lot 13 Sqr 5 Tr 13 H3-16 Or720-472 Or720-464/65 Or763-1239/40 Or1285-1157/58
Tax Annual Amount 5341
Legal Description Kw G G Watson Sub I-209 Pt Lot 13 Sqr 5 Tr 13 H3-16 Or720-472 Or720-464/65 Or763-1239/40 Or1285-1157/58

Utilities

Utilities Cable Available
Cooling system Ductless

Building Details

Year built 1929
Flooring type Tile, Vinyl, Combo
Building materials Frame
Roof type Metal
Architectural style Other
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Will Langley · License #3242135
Added: Jun 22 Changed: Jul 24 Last Checked: Aug 14 at 12:06AM
MLS# 620360

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.

Investment Insights

Based on property information with market context.

This renovated duplex contains two distinct 1-bedroom, 1-bath residences, each finished with a European-style kitchen featuring clean, refined cabinetry and thoughtful detailing. The layout supports comfortable, independent living between the two units, making the property straightforward to occupy one side while the other can be rented or used to generate income. Additional outdoor space includes a private yard area that provides room to garden, relax, or entertain.

Located at 1126 Grinnell Street in Key West, the property sits within the HNC(1-3) Historic Neighborhood zoning district, per the provided zoning designation. The listing remarks describe the setting as within Old Town Key West, with the duplex tucked into the heart of that area.

For an owner-occupant, this configuration offers the flexibility of living in one 1-bedroom unit while offsetting expenses with the second residence. For investors, the duplex structure provides two separate 1-bedroom units within a single property. The combination of renovated interiors and private yard space can appeal to buyers seeking a manageable, dual-unit setup in a historic neighborhood setting.

Key Highlights

  • Renovated duplex with two separate 1‑bedroom, 1‑bath residences
  • European‑style kitchens with quality built‑in cabinetry in both units
  • Each unit includes appliances: washer, dryer, refrigerator, range, microwave, and freezer

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pharmacy Carpet & Flooring Store Dental Office Tanning Salon Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,475
Businesses Nearby

Demographics for 33040, FL

35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two renovated 1-bedroom units with independent living and private yard space.
Where is this duplex located?
The property is located at 1126 Grinnell Street Key West, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Renovated duplex with two separate 1‑bedroom, 1‑bath residences; European‑style kitchens with quality built‑in cabinetry in both units; Each unit includes appliances: washer, dryer, refrigerator, range, microwave, and freezer
More about this property
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