Highway-Fronting Multifamily
New
For Sale
$1,499,000
13755 Overseas Highway, Marathon, FL 33050
Two concrete block buildings provide a three-bedroom residence and a separate duplex with two studio units.
Property Size3,017 SF
Price / SF$496.85
Days on Market2
Property Features for 13755 Overseas Highway
General Information
Standard status
Active
Size
3,017 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 2 x studio/1BA
Multifamily Units
3
Building Details
Year Built
1973
Buildings
2
Listing Agency:
Coldwell Banker Schmitt Real Estate Co.
Listed By:
Samuel Williams · License #3186658
(305) 289-6559
Source:
Buythekeys
Added: Oct 23
Last Checked: Oct 23 at 5:22PM
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 Schmitt Real Estate Co.
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Investment Insights
Based on property information with market context.
This 3,017-square-foot multifamily property comprises two concrete block buildings, built in 1973. One contains a three-bedroom, two-bath residence; the other is configured as a duplex with two efficiency studios, each with a private bath. The property includes three residential property rights and has an established residential use.
The site fronts Overseas Highway in Marathon, with direct highway access. An adjacent parcel with submerged land rights is also part of the offering, creating a larger contiguous property when acquired together. Both properties are offered under MLS number 620305.
The site fronts Overseas Highway in Marathon, with direct highway access. An adjacent parcel with submerged land rights is also part of the offering, creating a larger contiguous property when acquired together. Both properties are offered under MLS number 620305.
Key Highlights
- 3,017‑square‑foot multifamily property built in 1973
- Two concrete block buildings: a three‑bedroom, two‑bath residence and a two‑unit studio duplex
- Each efficiency studio has a private bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,817
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,340
$936.3K
Cap Rate 7%
$668,814
$668.8K
Cap Rate 9%
$520,189
$520.2K
Market Conditions
NOI Build-Up for 3,017 SF
Gross rent
$91.2K $30.24/SF
− Vacancy
−$6.1K −$2.03/SF
EGI
$85.1K $28.21/SF
− OpEx
−$38.3K −$12.70/SF
NOI
$46.8K $15.52/SF
Area
Monroe County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,340
Cap Rate 7%
$668,814
Cap Rate 9%
$520,189
Alternative Uses
Best Use
Apartment 5plus
$668.8K
$585.2K – $780.3K
NOI $46,817 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,949 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two concrete block buildings provide a three-bedroom residence and a separate duplex with two studio units.
Where is this multifamily property located?
The property is located at 13755 Overseas Highway Marathon, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 3,017‑square‑foot multifamily property built in 1973; Two concrete block buildings: a three‑bedroom, two‑bath residence and a two‑unit studio duplex; Each efficiency studio has a private bath
