Updated
New
For Sale
$749,000
6415 2nd Terrace, Stock Island, FL 33040
Residential, Stock Island, FL
Property Size1,304 SF
Lot Size0.12 Acres
Price / SF$574.39
Days on Market2
Property Features for 6415 2nd Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
LDR-C - Coastal Low Densi
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
RV
Appliances
Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Stainless Steel Appliance(s)
Subdivision
Maloney Sub (5.0)
View
Water
Standard status
Active
APN
00133170-000000
Size
1,304 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 15 A RESUB OF A PART OF BK 48 STOCK ISLAND PB3-86 OR350-316/317 OR650-303/04 OR650-305 OR836-2037 OR1564-699/700 OR16
Tax Annual Amount
6023
Legal Description
LT 15 A RESUB OF A PART OF BK 48 STOCK ISLAND PB3-86 OR350-316/317 OR650-303/04 OR650-305 OR836-2037 OR1564-699/700 OR16
Utilities
Cooling system
Central Air
Building Details
Year built
1953
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Metal
Listing Agency:
Suzanne Moore Real Estate
Listed By:
Suzanne M Moore · License #3185298
(305) 797-0699
Added: Oct 6
Last Checked: Oct 7 at 4:06AM
MLS# 621519
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 Stock Island duplex contains 1,304 square feet with a total of 4 bedrooms and 2 bathrooms. Both kitchens and bathrooms have been updated. The building has CBS construction, tile flooring, a metal roof, and central air conditioning. The property was built in 1953 and occupies a 0.12-acre lot.
Appliances include a washer, dryer, dishwasher, refrigerator, range, and oven. RV parking is also available on the property.
Appliances include a washer, dryer, dishwasher, refrigerator, range, and oven. RV parking is also available on the property.
Key Highlights
- 1,304‑square‑foot duplex with 4 bedrooms and 2 bathrooms
- 0.12‑acre lot on Stock Island
- Updated kitchens and bathrooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,845
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,900
$436.9K
Cap Rate 7%
$312,071
$312.1K
Cap Rate 9%
$242,722
$242.7K
Market Conditions
NOI Build-Up for 1,304 SF
Gross rent
$33.3K $25.56/SF
− Vacancy
−$2.1K −$1.63/SF
EGI
$31.2K $23.93/SF
− OpEx
−$9.4K −$7.18/SF
NOI
$21.8K $16.75/SF
Area
Monroe County, FL
Vacancy
6.37%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,900
Cap Rate 7%
$312,071
Cap Rate 9%
$242,722
Alternative Uses
Best Use
Multifamily LT 5
$312.1K
$273.1K – $364.1K
NOI $21,845 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$289.1K
$252.9K – $337.3K
NOI $20,235 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$524.5K
$459.0K – $611.9K
NOI $36,716 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Concrete-block construction and renovated kitchens and bathrooms serve both residences.
Where is this duplex located?
The property is located at 6415 2nd Terrace Stock Island, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1,304‑square‑foot duplex with 4 bedrooms and 2 bathrooms; 0.12‑acre lot on Stock Island; Updated kitchens and bathrooms in both residences
