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    818 Elizabeth St Key West, FL 33040

    For Sale
    $4,950,000

    Apartment 3 or more - Key West, FL

    Days on Market:
    13
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 818 Elizabeth St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    HDR - High Density Residential
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    10
    Bathrooms
    10
    APN
    00018340-000000

    Building Details

    Year built
    1928
    Floors in Building
    2
    Number of units
    10
    Building materials
    Concrete, ICFs (Insulated Concrete Forms)
    Roof type
    Metal
    Architectural style
    Other

    Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty (305) 294-5155 [email protected]

    Listing agent Team Gardner/Langley (305) 294-5155 License #BK612006

    Listing date Dec 1, 2025

    MLS# 616601 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 Investment Opportunity

    This multifamily property in Old Town Key West presents a rare investment opportunity. The property features nine units, including eight updated one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. The units are distributed across three buildings situated on an 8,042 square foot lot. This property is zoned HDR - High Density Residential. It is suitable for employers seeking staff housing, investors interested in a 1031 Exchange, or those considering a condo conversion. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.797979
    Latitude
    24.553691

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit property in Old Town Key West, ideal for investment.
    Where is this apartment building located?
    The property is located at 818 Elizabeth St Key West, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: - Rare Multi-Family Investment Opportunity in Old Town Key West; - Nine Units: Eight 1-Bedroom/1-Bathroom & One 2-Bedroom/1-Bathroom; - Suitable for Staff Housing, 1031 Exchange, or Condo Conversion
    (305) 294-5155
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    818 Elizabeth St Key West, FL 33040
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    Key West, FL 33040
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    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
    818 Elizabeth St Key West, FL 33040
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