Three-Unit Residential Income
For Sale
$679,000
235 Antigua Road, Key Largo, FL 33070
MULTI_FAMILY - Other - Key Largo, FL
Property Size2,330 SF
Lot Size0.12 Acres
Price / SF$291.42
Days on Market83
Property Features for 235 Antigua Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
URM - Urban Res Mobile Ho
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
Pets allowed
Yes
Appliances
Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Gas Appliances
Subdivision
Harris Ocean Park (93.0)
View
Water
Standard status
Active
APN
00450990000000
Size
2,330 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Bk 12 Lt 9 Harris Ocean Pk Estates First Addn Key Largo Pb4-139 Or816-2302 Or1082-850 Or1159-139 Or1391-1176 Or2680-911
Tax Annual Amount
4290
Legal Description
Bk 12 Lt 9 Harris Ocean Pk Estates First Addn Key Largo Pb4-139 Or816-2302 Or1082-850 Or1159-139 Or1391-1176 Or2680-911
Utilities
Utilities
Cable Available
Building Details
Year built
1972
Building materials
Frame, Manufactured
Roof type
Metal
Architectural style
Other
Listing Agency:
Coastal Realty of the Florida Keys
(305) 664-0077
Listed By:
Claire Johnson · License #3046906
(305) 731-4602
Added: May 13
Changed: Jul 24
Last Checked: Aug 3 at 8:06AM
MLS# 619887
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This three-unit residential property offers three separate residences totaling 5 bedrooms and 4 bathrooms. Recent updates include a metal roof, updated kitchens with new appliances, new flooring in the front building, and a gas stove in the rear unit. The home also features a mix of impact windows, an impact sliding door, and shutters.
Located in Key Largo, the property is near Harry Harris Park with convenient access to a boat ramp, beach and oceanfront park amenities, including restrooms and ball fields.
The property is zoned URM - Urban Res Mobile Ho. With a compact site size of 0.12 acres and a total property size of 2,330 square feet, it provides a multi-unit configuration suited to buyers seeking multiple residences under one roof.
Located in Key Largo, the property is near Harry Harris Park with convenient access to a boat ramp, beach and oceanfront park amenities, including restrooms and ball fields.
The property is zoned URM - Urban Res Mobile Ho. With a compact site size of 0.12 acres and a total property size of 2,330 square feet, it provides a multi-unit configuration suited to buyers seeking multiple residences under one roof.
Key Highlights
- Three separate residences with a combined 5 bedrooms and 4 bathrooms
- Metal roof and a mix of impact windows plus an impact sliding door
- Updated kitchens with new appliances, including a gas stove in the rear unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.6k | $25.56 |
| − Vacancy | −$3.8k | −$1.63 |
| EGI | $55.8k | $23.93 |
| − OpEx | −$16.7k | −$7.18 |
| NOI | $39.0k | $16.75 |
2,330 SF · lease $25.56/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.6K
NOI $39,033 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$516.5K
$452.0K – $602.6K
NOI $36,156 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$937.2K
$820.1K – $1.09M
NOI $65,605 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 33070, FL
6,220
Population
4,366
Households
1.4
Avg Household Size
52
Median Age
35%
College-Educated
93%
High-School Grad
4.2 sq mi
ZIP Area
1,481
Density / Sq Mi
$77,228
Median Household Income
$40,511
Median Earnings
$1,866
Median Rent
$695,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three separate residences totaling 5 bedrooms and 4 bathrooms, with recent updates including a metal roof.
Where is this triplex located?
The property is located at 235 Antigua Road Key Largo, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Three separate residences with a combined 5 bedrooms and 4 bathrooms; Metal roof and a mix of impact windows plus an impact sliding door; Updated kitchens with new appliances, including a gas stove in the rear unit
