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    909 Grinnell St Key West, FL 33040

    For Sale
    $1,899,000

    Multi-family - Key West, FL

    Type:Multi Family
    Property size:
    2,790 SF
    Lot size:
    0.07 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 14 at 11:06 pm

    Property Features for 909 Grinnell St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    HHDR - Historic 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
    7
    Bathrooms
    6
    APN
    00020870-000000
    Size
    2,790 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1976
    Floors in Building
    2
    Number of units
    7
    Architectural style
    Other

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

    Listing agent Walt Lee (305) 294-5155 License #3159689

    Listing date Nov 19, 2025

    MLS# 615913 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 is a rare opportunity to acquire a seven-unit multifamily property in the X-Flood Zone of Old Town Key West. The property is currently configured as six units but is recognized by the city as seven units. The layout includes one 2-bedroom unit, three 1-bedroom units, and two studio units, each with separate exterior entrances. The property is situated in a prime location, just half a block from the cemetery and half a block off Truman Avenue. The 2,790 square-foot property on a 0.07-acre lot is suitable for employee housing or as an income-producing multi-unit property. The zoning is HHDR - Historic High Density Residential. The convenient location is close to many Old Town hot spots, including the world-famous Duval Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -81.793612
    Latitude
    24.555456

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit multifamily property in Old Town Key West.
    Where is this apartment building located?
    The property is located at 909 Grinnell St Key West, FL.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: - Seven market-rate units in Old Town Key West; - X-Flood Zone location; - Prime location: Just a half block from the cemetery and a half block off Truman Ave
    (305) 294-5155
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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

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    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
    909 Grinnell St Key West, FL 33040
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