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Four-Unit Multifamily Compound
For Sale
$3,750,000

919-921 Thomas Street, Key West, FL 33040

Residential, Key West, FL

Property Size3,015 SF
Lot Size0.14 Acres
Price / SF$1,243
Days on Market295

Property Features for 919-921 Thomas Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning HMDR - Historic Medium De
Bedrooms 7
Bathrooms 8
Full bathrooms 7
Half bathrooms 1
Rooms Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 7, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 6, Bathroom 8, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3
Patio and Porch features Porch, Deck, Patio
Pets allowed Yes
Pool private 1
Interior features Built-in Cabinets, Granite Counter Top, Bar
Exterior features Bar, Detached Guest Qtrs, Hot Tub, Lighting, Outdoor Shower, Sprinkler System
Appliances More Appliances, Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Freezer, Ice Machine
Subdivision Old Town - Unlisted (1.0)
View Water
Standard status Active
Size 3,015 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LIGHTHOUSE VIEW CONDOMINIUM OF KEY WEST (F/K/A RE 00014930-000000)
Tax Annual Amount 15579
Legal Description LIGHTHOUSE VIEW CONDOMINIUM OF KEY WEST (F/K/A RE 00014930-000000)

Utilities

Cooling system Wall/Window Unit(s), Ductless, Window Unit(s), Central Air

Building Details

Year built 1938
Flooring type Tile, Combo
Building materials Frame
Roof type Metal
Listing Agency: Coldwell Banker Schmitt Real Estate Co. (KW) · Coldwell Banker Real Estate
Listed By: Rick L Lively · License #3025597
Added: Nov 1, 2025 Changed: Aug 19 Last Checked: Aug 22 at 10:06PM
MLS# 617140

Copyright © 2026 Marathon and Lower Keys 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.

Located at 919-921 Thomas Street in Key West, this four-unit multifamily compound is set in the area described as a historic neighborhood and zoned HMDR - Historic Medium De. The property includes a main house with a heated pool, hot tub, and outdoor shower, along with two guest cottages off the pool.

Additional building configurations include an upstairs two-bedroom, one-bath unit with a private deck, a downstairs one-bedroom, one-bath unit, and a separate front unit with one bedroom and one bath. The compound provides plenty of parking spaces for residents and guests.

Overall, the layout combines a primary residence-style outdoor setup with multiple separate units, arranged across the main house, guest cottages, and adjoining units within the compound.

Key Highlights

  • 1938‑built Key West multifamily compound with 4 units
  • Main house includes a private heated pool, hot tub, and outdoor shower
  • Two detached guest cottages off the pool associated with the main house

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Dental Office (Bike/Boat/Book/etc) Store Garden Center Pet Grooming Service Carpet & Flooring 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

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,567
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?
Quadplex - Four units in a historic Key West compound, including a main house with a heated pool, hot tub, and outdoor shower.
Where is this quadplex located?
The property is located at 919-921 Thomas Street Key West, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 1938‑built Key West multifamily compound with 4 units; Main house includes a private heated pool, hot tub, and outdoor shower; Two detached guest cottages off the pool associated with the main house
More about this property
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