Search
Key West Duplex with Income
For Sale
$925,000

2004 Patterson Avenue, Key West, FL 33040

Residential, Key West, FL

Property Size1,239 SF
Lot Size0.12 Acres
Price / SF$746.57
Days on Market211

Property Features for 2004 Patterson Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning SF - Single Family
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 3
Subdivision Key West Realty Cos Sub (3.0)
View Water
Standard status Active
APN 00049830-000000
Size 1,239 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description KW KW REALTY COS FIRST SUB PB1-43 NE 50 FT OF NW 101 FT OF N1/2 OF SQR 38 TR-21 C5-337/38 OR131-275/76 OR413-255/256 OR5
Tax Annual Amount 6938
Legal Description KW KW REALTY COS FIRST SUB PB1-43 NE 50 FT OF NW 101 FT OF N1/2 OF SQR 38 TR-21 C5-337/38 OR131-275/76 OR413-255/256 OR5

Building Details

Year built 1958
Building materials Combo Construction
Architectural style Other
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Rebecca Cobo · License #3391130
Added: Jan 28 Changed: Aug 19 Last Checked: Aug 27 at 5:06PM
MLS# 618352

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 well-maintained duplex is located in Key West, Florida. The property, situated on a lot of 0.12 acres, offers flexible living arrangements and income potential. The property includes a 1239 square foot main home with three bedrooms and two bathrooms, along with a separate one-bedroom, one-bathroom studio cottage. Both units feature comfortable living spaces and ample natural light. The property is currently fully leased and income-producing, presenting an opportunity for investors or owner-occupants. The zoning is SF - Single Family.

Key Highlights

  • Well‑maintained duplex with a 3‑bedroom, 2‑bath main home plus a separate 1‑bedroom, 1‑bath studio cottage
  • Both units are currently fully leased and income‑producing
  • Total rooms include 4 bedrooms and 3 bathrooms across the duplex and cottage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Cosmetic Store Daycare Center Auto Repair Shop Catering Service Tattoo & Piercing Shop

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
100%
Occupancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,581
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained duplex in Key West with income potential.
Where is this duplex located?
The property is located at 2004 Patterson Avenue Key West, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Well‑maintained duplex with a 3‑bedroom, 2‑bath main home plus a separate 1‑bedroom, 1‑bath studio cottage; Both units are currently fully leased and income‑producing; Total rooms include 4 bedrooms and 3 bathrooms across the duplex and cottage
More about this property
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