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    909 Grinnell St Key West, FL 33040

    For Sale
    $1,899,000

    Apartment 3 or more - Key West, FL

    Days on Market:
    26
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 909 Grinnell 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
    7
    Bathrooms
    6
    APN
    00020870-000000

    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# 615914 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

    Seven Units in Old Town

    This is a rare opportunity to acquire seven units in the X-Flood Zone in Old Town Key West. The property is priced at less than $272,000 per unit. Recent changes to IRS tax code, such as accelerated depreciation, may benefit real estate investors. The property is in a prime Old Town location, situated just one-half block from the cemetery and one-half block off Truman Avenue. The property is currently configured as six units but the city recognizes seven. Presently, the configuration includes one 2-bedroom unit, three 1-bedroom units, and two studio units, all with separate exterior entrances. The convenient location is close to many Old Town attractions, including world-famous Duval Street. This property is perfect for employee housing or as an income-producing multi-unit property. Advanced notice is required before showings, and viewing all six units at once may not be possible. Please do not disturb tenants.
    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 Key West's Old Town.
    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.; - Located in the X-Flood Zone.; - Priced at less than $272K per unit.
    (305) 294-5155
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    909 Grinnell St 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

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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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