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9-Unit Apartment Property
For Sale
$4,699,000

818 Elizabeth Street, Key West, FL 33040

Commercial Sale, Key West, FL

Property Size5,317 SF
Lot Size0.18 Acres
Price / SF$883.77
Days on Market343

Property Features for 818 Elizabeth Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning HDR - High Density Reside
Bedrooms 10
Bathrooms 10
Full bathrooms 10
Rooms Bathroom 7, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 5, Bathroom 1, Bathroom 9, Bathroom 10, Bathroom 8, Bedroom 5, Bathroom 4, Bedroom 10, Bedroom 8, Bedroom 9, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 7, Bathroom 2, Bathroom 6
Parking features Off Street
Subdivision Old Town - Unlisted (1.0)
View Water
Standard status Active
APN 00018340-000000
Size 5,317 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description KW PT LOT 14 OF TR 5 G70-74/75 OR2499-572 OR2503-1936 OR2582-1047/52 OR3205-1772
Tax Annual Amount 22623
Legal Description KW PT LOT 14 OF TR 5 G70-74/75 OR2499-572 OR2503-1936 OR2582-1047/52 OR3205-1772

Utilities

Cooling system Wall/Window Unit(s), Window Unit(s)

Building Details

Year built 1928
Floors in Building 2
Number of units 10
Building materials ICFs (Insulated Concrete Forms)
Roof type Metal
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #KWA.2032
Added: Sep 24, 2025 Changed: Aug 19 Last Checked: Sep 1 at 7:06PM
MLS# 616601

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 nine-unit apartment property comprises three buildings on an 8,042-square-foot lot, with 5,317 square feet of building area. Constructed in 1928, the improvements feature metal roofing, ICF construction materials, and wall or window unit cooling. Off-street parking is provided, and the property is zoned HDR - High Density Reside.

The property is located at 818 Elizabeth Street in Key West, Florida. Current occupancy affects access, and showings require advance notice; some units may not be available for viewing. The asset’s multifamily configuration and multiple structures provide a defined apartment-building format within the Key West market.

Key Highlights

  • Nine apartment units across 3 buildings
  • 8,042‑square‑foot lot with 5,317 square feet of building area
  • HDR - High Density Reside zoning

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service Auto Repair Shop Carpet & Flooring Store Auto Parts Store

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

3,562
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-building multifamily property with off-street parking and a mix of wall and window cooling units.
Where is this apartment building located?
The property is located at 818 Elizabeth Street Key West, FL.
What is the asking price?
The asking price for this property is $4,699,000.
What are key features of this property?
This property features: Nine apartment units across 3 buildings; 8,042‑square‑foot lot with 5,317 square feet of building area; HDR - High Density Reside zoning
More about this property
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