Triplex and Adjacent Multifamily
For Sale
$2,899,000
127 & 121 Monroe Drive, Plantation Key, FL 33070
MULTI_FAMILY - Plantation Key, FL
Property Size2,409 SF
Lot Size0.34 Acres
Price / SF$1,203
Days on Market48
Property Features for 127 & 121 Monroe Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF - Multi-Family Attache
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 4
Parking features
Open, RV
Patio and Porch features
Patio
Pets allowed
Yes
Exterior features
Chickee Hut
Appliances
Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Stainless Steel Appliance(s)
Subdivision
Vacation Village - AMD (89.0)
Standard status
Active
APN
00417500-000100
Size
2,409 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BK 1 W 1/2 LOT 4 VACATION VILLAGE AMND AND EXTENDED PB5-69 PLANTATION KEY OR528-881 OR1316-2492 OR2973-641 OR2973-642 OR
Tax Annual Amount
21308
Legal Description
BK 1 W 1/2 LOT 4 VACATION VILLAGE AMND AND EXTENDED PB5-69 PLANTATION KEY OR528-881 OR1316-2492 OR2973-641 OR2973-642 OR
Utilities
Utilities
Cable Available
Heating system
Ductless (Heating)
Cooling system
Ductless
Water front
1
Building Details
Year built
1972
Number of units
3
Flooring type
Laminate, Tile
Building materials
CBS
Roof type
Concrete
Listing Agency:
LoKation Real Estate - Pompano Beach
(954) 545-5583
Listed By:
Peter Schwarz-Top Producer · License #3301618
(305) 781-5704
Added: Jun 15
Changed: Jul 27
Last Checked: Aug 1 at 6:06AM
MLS# 620278
Copyright © 2026 Florida Keys Board 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.
The offering includes a concrete triplex and a separate adjacent multifamily parcel, presented together for a combined residential income and development-minded strategy. The triplex at 127 Monroe Drive contains three rental units configured as 1/1, 1/1, and 2/2, with full kitchens and full baths for each unit. The property includes abundant on-site parking and comfortable outdoor living areas. According to the provided details, Units 1 and 3 were renovated with updated interiors and fresh finishes. The dock electric was upgraded in 2025 with a dedicated meter for dock power, with one on each property.
The second parcel at 121 Monroe Drive is an additional multifamily lot that is currently vacant and ready for a next phase. The combined zoning is listed as MF - Multi-Family Attache. The remarks also note free access to Founders Park, including a sandy beach, swimming pool, boat ramp, playground, tennis, pickleball, walking paths, sports fields, and a dog park.
This configuration can suit buyers seeking an income-producing residential property now, alongside an adjacent multifamily site for continued planning. The unit mix, dedicated dock power upgrade, existing parking, and outdoor living areas support a practical operator profile, while the vacant neighboring parcel provides an on-site option for future additions to the compound consistent with the stated goal of expanded development.
The second parcel at 121 Monroe Drive is an additional multifamily lot that is currently vacant and ready for a next phase. The combined zoning is listed as MF - Multi-Family Attache. The remarks also note free access to Founders Park, including a sandy beach, swimming pool, boat ramp, playground, tennis, pickleball, walking paths, sports fields, and a dog park.
This configuration can suit buyers seeking an income-producing residential property now, alongside an adjacent multifamily site for continued planning. The unit mix, dedicated dock power upgrade, existing parking, and outdoor living areas support a practical operator profile, while the vacant neighboring parcel provides an on-site option for future additions to the compound consistent with the stated goal of expanded development.
Key Highlights
- Concrete triplex at 127 Monroe Dr built in 1972: about 2,400 sq ft on a 7,500 sq ft lot with 3 rental units (1/1, 1/1, 2/2).
- Each unit includes full kitchen(s) and bath(s); interiors feature tile and laminate flooring.
- On‑site parking includes open spaces and RV parking, plus a patio for outdoor living.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 33070, FL
6,220
Population
4,366
Households
1.4
Avg Household Size
52
Median Age
35%
College-Educated
93%
High-School Grad
4.2 sq mi
ZIP Area
1,481
Density / Sq Mi
$77,228
Median Household Income
$40,511
Median Earnings
$1,866
Median Rent
$695,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Concrete triplex with three rental units plus an adjacent multifamily lot, offering expansion flexibility with on-site parking and outdoor space.
Where is this triplex located?
The property is located at 127 & 121 Monroe Drive Plantation Key, FL.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: Concrete triplex at 127 Monroe Dr built in 1972: about 2,400 sq ft on a 7,500 sq ft lot with 3 rental units (1/1, 1/1, 2/2).; Each unit includes full kitchen(s) and bath(s); interiors feature tile and laminate flooring.; On‑site parking includes open spaces and RV parking, plus a patio for outdoor living.
