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Remodeled Courtyard Apartment Property
For Sale
Contact for pricing
Pending

295 51st Street Gulf, Marathon, FL 33050

Multibuilding income property with a pool, guest laundry, off-street parking, and access from two streets.

Property SizeContact for details
Days on Market144

Property Features for 295 51st Street Gulf

General Information

Standard status Pending
Property subtype Industrial
Zoning MU Commercial

Units

Unit Mix 5 x efficiency, 1 x 2BR/2BA
Multifamily Units 6

Additional Details

Road Access Yes

Amenities

pool
tiki bar and grill
common commercial coin operated washer and dryer

Building Details

Buildings 3
Listing Agency: Coldwell Banker Commercial Schmitt Real Estate Company Marathon
Listed By: Kimberly Portner · License #FL
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 2:58AM

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 Coldwell Banker Commercial Schmitt Real Estate Company Marathon

Investment Insights

Based on property information with market context.

This multifamily property comprises three buildings arranged around a shared courtyard with a pool. The offering includes five efficiency units and a separate two-bedroom, two-bath unit, with all residences remodeled. Interior improvements include tile flooring, impact windows, new AC systems, and new appliances. The efficiencies also feature semi-custom Cay Sal cabinetry and quartz countertops.

Shared amenities include a commercial coin-operated washer and dryer, tiki bar, and grill. Off-street parking accommodates 8+ vehicles, and the property has access from both 51st Street and 50th Street. The site is designated MU Commercial and includes 6 TBRs.

Key Highlights

  • Three buildings organized around a common courtyard with pool
  • Five efficiency units plus a separate 2‑bedroom, 2‑bath unit
  • All units remodeled with tile floors, impact windows, new AC, and new appliances

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Hair Salon Auto Parts Store Grocery & Convenience 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

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

577
Businesses Nearby

Demographics for 33050, FL

10,479
Population
7,314
Households
1.4
Avg Household Size
50
Median Age
34%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,152
Density / Sq Mi
$83,243
Median Household Income
$40,006
Median Earnings
$1,611
Median Rent
$705,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multibuilding income property with a pool, guest laundry, off-street parking, and access from two streets.
Where is this apartment building located?
The property is located at 295 51st Street Gulf Marathon, FL.
What are key features of this property?
This property features: Three buildings organized around a common courtyard with pool; Five efficiency units plus a separate 2‑bedroom, 2‑bath unit; All units remodeled with tile floors, impact windows, new AC, and new appliances
More about this property
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