Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1224 Flagler Ave Key West, FL 33040

    New
    For Sale
    $1,399,000

    Multi-family - Key West, FL

    Type:Multi Family
    Property size:
    2,146 SF
    Lot size:
    0.14 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 7 at 8:06 am

    Property Features for 1224 Flagler Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    SF - Single Family
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    4
    APN
    00059670-000000
    Interior features
    Drapes/Blinds Incl, Built-in Cabinets
    Exterior features
    Fencing, Shed
    Fencing
    Fenced
    Appliances
    Dryer, Range, Refrigerator
    Size
    2,146 SF
    Lot size
    0.14 Acres

    Building Details

    Year built
    1958
    Number of units
    3
    Flooring type
    Tile
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s)

    Truman & Co. Real Estate Services (305) 292-2244 [email protected]

    Listing agent Terri Spottswood (305) 292-2244 License #161619

    Listing date Dec 1, 2025

    MLS# 617518 Listing URL

    Copyright © 2025 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.

    Overview

    Key West Multifamily Income Property

    Located on Flagler Avenue, this property features a legal duplex with an additional private mother-in-law suite, offering flexible living arrangements and rental income potential. Unit B is a renovated 2-bedroom, 1-bathroom home with new flooring, a renovated kitchen with stainless steel appliances, and its own washer and dryer. It is offered fully furnished and turnkey, opening to a shared backyard suitable for outdoor dining and lounging. The separate 1-bedroom, 1-bathroom mother-in-law suite has its own entrance. Unit A offers a 2-bedroom, 2-bathroom layout with tile floors, a functional kitchen with island seating, glass doors to a private fenced backyard, and its own washer and dryer. The property is fully fenced along the back and side yard. The property is located moments from beaches, shops, schools, and Old Town. The property, situated on a 0.14-acre lot, has a property size of 2146 square feet. This property may be purchased together with the home directly behind it at 1217 Johnson Street at a discounted combined price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.786327
    Latitude
    24.550788

    Nearby Similar for Sale

    • New
      $979,000
      1,634 SF

      Key West Multi-Family Property

      Income-producing Key West property with renovated detached unit.
      1925 Fogarty Ave, Key West, FL 33040
      View Details
    • New
      $1,199,000
      2,664 SF

      Key West Duplex on Large Lot

      Legal duplex on a spacious corner lot in Key West.
      1409 4Th St, Key West, FL 33040
      View Details
    • $560,000

      Turnkey Office Condo in Old Town

      Renovated 665 SF office condo in Key West.
      812 Fleming St, Key West, FL 33040
      View Details
    • $2,999,999

      Key West Mixed-Use Investment Property

      Fully rented mixed-use property in the heart of Old Town.
      405 Petronia St, Key West, FL 33040
      View Details
    • $2,999,999
      1,596 SF

      Key West Mixed-Use Income Property

      Fully rented mixed-use property in the heart of Old Town.
      405 Petronia St, Key West, FL 33040
      View Details
    • New
      $2,999,000

      Prime Corner Location on Truman

      Commercial property with high visibility and development potential.
      1000 Truman Ave, Key West, FL 33040
      View Details

    FAQs

    What type of property is this?
    Triplex - Legal duplex with mother-in-law suite, ideal for investors.
    Where is this triplex located?
    The property is located at 1224 Flagler Ave Key West, FL.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Legal duplex with additional private mother-in-law suite offers flexible living arrangements and exceptional rental income potential.; - **Unit B is stylishly updated, fully furnished, and turnkey, featuring new flooring, a renovated kitchen with stainless steel appliances, and its own washer and dryer.**; - Unit A offers a comfortable 2 bed/2 bath layout with a private fenced backyard and its own washer and dryer.
    (305) 292-2244
    Request Owner's contact information
    1224 Flagler Ave Key West, FL 33040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1224 Flagler Ave
    Key West, FL 33040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1224 Flagler Ave Key West, FL 33040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.