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

    621 Elizabeth St Key West, FL 33040

    Sponsored
    For Sale
    $1,699,000

    Multi-family - Key West, FL

    Type:Multi Family
    Property size:
    1,594 SF
    Lot size:
    0.06 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 10 at 9:06 am

    Property Features for 621 Elizabeth St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    HDR - High Density Residential
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    00011890-000000
    Interior features
    Cathedral Ceilings, Dade County Pine
    Appliances
    Dishwasher, Dryer, Freezer, Garbage Disposer, Microwave, Refrigerator, Washer
    Size
    1,594 SF
    Lot size
    0.06 Acres

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1933
    Floors in Building
    2
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

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

    Listing agent Jennifer M Newman (305) 292-2244 License #3283327

    Listing date Jan 9, 2026

    MLS# 618032 Listing URL

    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.

    Overview

    Two Cottages with Income Potential

    Located in the heart of Old Town Key West, this property features two cottages with flexibility and income potential. The main house includes a main-floor primary bedroom and bath, an open living and dining area with vaulted ceilings, and central air. Stairs lead to a second bedroom, while an open loft provides storage. The kitchen features white and gray quartz countertops with stainless steel appliances. Both the kitchen and the main-floor bedroom open to a back deck overlooking the pool and water features. A pathway along the pool leads to the guest cottage, which offers a private patio and French doors opening to a first-floor living space with dining area and breakfast bar. A spiral staircase leads to the oversized second-floor bedroom with ensuite bath. The cottage is suitable as a guest house, long-term rental, or vacation rental, while the main home can also generate rental income or be owner-occupied. The property is located at the top of Solares Hill. The 0.06-acre property includes a pool with water feature, walkways, and landscaping. The main house received new impact windows and upgraded plumbing and electrical in 2019, new siding in 2022, and a full exterior repaint in 2025. The cottage was fully renovated in 2020, including a new structural beam to support decking. Both homes have new roofs installed in 2019, on-demand water heaters, and separate washers and dryers. The property offers 1594 square feet of living space and is move-in ready with immediate income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Red Hot Bits Website Designer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.798924
    Latitude
    24.555808

    Nearby Similar for Sale

    • $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
    • $499,000

      Turnkey Office Condo in Old Town

      Renovated 665 SF office condo in Key West.
      812 Fleming St, Key West, FL 33040
      View Details
    • $19,550,000

      Key West Hotel/Motel Opportunity

      Hotel/Motel located in Old Town Key West, Florida.
      823 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, development potential, and existing structure.
      1000 Truman Ave, Key West, FL 33040
      View Details
    • $11,500,000

      Boutique Guesthouse in Old Town

      Historic Key West guesthouse with 15 deluxe rooms.
      412 Frances St, Key West, FL 33040
      View Details
    • $2,300,000

      Key West Townhouse Unit Complex

      Four-unit townhouse complex on a 10,000 sq ft parcel.
      Key West, FL 33040
      View Details
    • New
      $1,299,000
      1,932 SF

      Key West Multi-Family Conversion Opportunity

      Key West home approved for multi-family conversion to duplex.
      1409 Truman Ave, Key West, FL 33040
      View Details
    • $2,950,000

      Turnkey Restaurant in Old Town

      Remodeled 150-seat restaurant with apartment in historic Key West.
      532 Margaret St, Key West, FL 33040
      View Details
    • $3,300,000
      3,568 SF

      Waterfront Multifamily Home with Boat Lift

      Upgraded multifamily home with waterfront access and rental income potential.
      6 Egret Ln, Key West, FL 33040
      View Details
    • $5,850,000
      3,010 SF

      Key West Multi-Family Homes

      Two homes near Duval Street with private pools and rental history.
      421 Simonton St, Key West, FL 33040
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-cottage property in Old Town Key West with rental income potential.
    Where is this duplex located?
    The property is located at 621 Elizabeth St Key West, FL.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: - Two-cottage property in the heart of Old Town Key West with strong rental and income potential.; - Main house features a main-floor primary bedroom/bath, open living/dining area, and updated kitchen with QUARTZ COUNTERTOPS and STAINLESS STEEL APPLIANCES.; - Guest cottage fully renovated in 2020 with private patio, living space, and ensuite bedroom, ideal for rental income.
    (305) 292-2244
    Request Owner's contact information
    621 Elizabeth St 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.
    621 Elizabeth St
    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
    621 Elizabeth St 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.