Key West Townhouse Unit Complex

Key West, FL 33040 Key West, FL 33040

For Sale

$2,100,000

COMMERCIAL - Key West, FL

Property size:

750 SF

Lot size:

0.05 Acres

Price / SF:

$2,800/SF

For Sale

$2,100,000

COMMERCIAL - Key West, FL

Property size:

750 SF

Lot size:

0.05 Acres

Price / SF:

$2,800/SF

Added:: Jul 28, 2024
Days on Market:: 716
Last Refresh:: Jul 13 at 6:06 am

Property Features

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: MDR-1 - Medium Desnity Re
Bedrooms: 8
Bathrooms: 4
Rooms: Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 8, Bathroom 4
Appliances: Range, Washer, Dryer
Standard status: Active
Size: 750 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Year: 2023
Tax Description: KW KW REALTY CO'S FIRST SUB PB1-43 PT LOT 11 SQR 13 TR 21 A/K/A UNIT 3 & 1/4 INT IN PARCEL 6 & 1/2 INT IN PARCEL 7 OR27-
Tax Annual Amount: 14760

Building Details

Year built: 1963
Floors in Building: 1
Number of units: 4
Building materials: CBS

Listing agent Raymond J Capas License #171355

Listing office Berkshire Hathaway HomeServices Knight & Gardner Realty 336 Duval St., Key West, FL

Listing date Jul 28, 2024

MLS# 610922

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 is a development opportunity featuring a four-unit townhouse complex situated on a heavily landscaped 10,000 sq ft parcel. The property comprises two side-by-side duplexes, legally subdivided into four individual units. Each licensed unit offers 750 sq ft of air-conditioned space and has its own legal description, parcel number, insurance policy, and utility meter. Each unit features its own laundry room addition directly off the kitchen with separate exterior screen doors and new washers and dryers. The property has always operated as a successful rental property. Added value could be achieved by installing a lap pool or patio area in the 100' wide backyard as a common amenity. Another option would be to provide a private pool area for each of the rear two units, dividing the large rear yard to increase their sale value. Mature, well-maintained landscaping surrounds the property and separates the units. Oversized covered front porches with high open-beamed ceilings offer additional square footage, and valuable on-site parking is available for 10 cars. The property has been continually well-maintained with paint, new air conditioners, and blinds and curtain rods on all windows. All roof screws have been replaced and new ones added to code standards.

Key Highlights

Development opportunity: 4 legally subdivided townhouse units on a 10,000 sq ft lot.
High income potential: Currently operating as a successful rental property with below‑market rents, offering immediate upside.
Value‑add potential: Opportunity to increase property value by adding a common lap pool/patio area or private pools.

Property Analytics

Location Intelligence

Current Use by Public Records

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What type of property is this?

Quadplex - Four-unit townhouse complex on a 10,000 sq ft lot.

Where is this quadplex located?

The property is located at Key West, FL.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: Development opportunity: 4 legally subdivided townhouse units on a 10,000 sq ft lot.; High income potential: Currently operating as a successful rental property with below‑market rents, offering immediate upside.; Value‑add potential: Opportunity to increase property value by adding a common lap pool/patio area or private pools.

Key West, FL 33040 Key West, FL 33040

COMMERCIAL - Key West, FL

Property Features

General Information

Taxes and HOA fees

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Similar For Sale Nearby

Single-Story Office Corner Building

Multi-Unit Commercial Condo Building

Prime Corner Commercial Property, Key West

New Mixed-Use Development in Key West

Turnkey Retail Condominium Suite

Updated Corner Commercial Condo

End-Unit Commercial Condo

Six-Unit Multifamily Property

Six-Unit Multifamily Building

Adjoining Office Condominiums with Patio

Value-Add Fourplex Investment Opportunity

Waterfront Multifamily with Boat Lift

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