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Apartment Building with Separate Entrances
For Sale
$1,899,000

909 Grinnell Street, Key West, FL 33040

Commercial Sale, Key West, FL

Property Size2,790 SF
Lot Size0.07 Acres
Price / SF$680.65
Days on Market401

Property Features for 909 Grinnell Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning HDR - High Density Reside
Bedrooms 7
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 7, Bathroom 5, Bedroom 4, Bathroom 4, Bathroom 6, Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 6
Subdivision Old Town - Unlisted (1.0)
View Water
Directions North side of Grinnell, in middle of block between Truman Ave and Olivia St.
Standard status Active
APN 00020870-000000
Size 2,790 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description KW PT LOT 6 SQR 3 TR 6 OR271-249/50 OR387-305 OR616-188 OR943-963/64 OR943-2119/21 OR954-1883 OR955-2017/20 OR955-2021
Tax Annual Amount 14215
Legal Description KW PT LOT 6 SQR 3 TR 6 OR271-249/50 OR387-305 OR616-188 OR943-963/64 OR943-2119/21 OR954-1883 OR955-2017/20 OR955-2021

Utilities

Cooling system Central Air

Building Details

Year built 1976
Floors in Building 2
Number of units 7
Building materials CBS
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Walt Lee · License #3159689
Added: Jul 23, 2025 Changed: Aug 27 Last Checked: Aug 27 at 7:06PM
MLS# 615914

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 multifamily property contains 2,790 square feet on a 0.07-acre parcel and was constructed in 1976 using CBS materials. The building is currently undergoing renovations and includes central air conditioning. Separate exterior entrances serve the individual residential spaces, supporting the existing apartment configuration.

The property is located at 909 Grinnell Street in Old Town Key West, one-half block from Truman Avenue and one-half block from a cemetery. It is situated within the X-Flood Zone and carries HDR - High Density Reside zoning.

The property includes residential rooms and bathrooms arranged across the existing units, with access provided directly from outside. Advance notice is required for showings, and tenants should not be disturbed.

Key Highlights

  • 2,790‑square‑foot multifamily building on 0.07 acres
  • Seven units recognized by the City; current configuration differs
  • HDR - High Density Reside zoning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Dental Office Pharmacy Carpet & Flooring Store Tanning Salon Barber Shop

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

3,256
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 - Multifamily property with central air, CBS construction, and renovations underway in Old Town Key West.
Where is this apartment building located?
The property is located at 909 Grinnell Street 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: 2,790‑square‑foot multifamily building on 0.07 acres; Seven units recognized by the City; current configuration differs; HDR - High Density Reside zoning
More about this property
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