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Duplex with Attic Conversion Potential
For Sale
$1,395,000

1306 Virginia Street, Key West, FL 33040

Two separate living areas, individual utility meters, and an attic with potential for additional living space.

Property Size1,428 SF
Price / SF$976.89
Days on Market8

Property Features for 1306 Virginia Street

General Information

Standard status Active
Size 1,428 SF
Property subtype Multi-family

Units

Unit Mix 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 2
Individually Metered Utilities electricity, water

Taxes and HOA fees

Annual Taxes $6,022

Building Details

Building Size 1,428 SF
Year Built 1928
Buildings 1
Listing Agency: Expert Realty LLC (HQ)
Listed By: Joyce Craul · License #3453672
Source: Keystoprealty
Added: Oct 21 Changed: Oct 26 Last Checked: Oct 26 at 3:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Expert Realty LLC (HQ)

Rey
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Investment Insights

Based on property information with market context.

This 1,428-square-foot historic duplex, built in 1928, has a two-bedroom, one-bath unit on the ground floor and a one-bedroom, one-bath unit above. Each unit has separate electric and water meters. The attic could be adapted to add approximately 700 square feet, matching the upstairs unit's size.

The property is in the X Flood zone and includes a private driveway, fenced yard, and an aquifer that can supply water for landscaping. A grocery store, bakery, restaurants, art galleries, and Bayview Park are within walking distance in the Old Town Key West neighborhood.

Key Highlights

  • Legal duplex with 2 bedrooms/1 bath downstairs and 1 bedroom/1 bath upstairs
  • 1,428 square feet; built in 1928
  • Attic conversion could add approximately 700 sq ft

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,453
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separate living areas, individual utility meters, and an attic with potential for additional living space.
Where is this duplex located?
The property is located at 1306 Virginia Street Key West, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Legal duplex with 2 bedrooms/1 bath downstairs and 1 bedroom/1 bath upstairs; 1,428 square feet; built in 1928; Attic conversion could add approximately 700 sq ft
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