1432 Eliza Street, Key West, FL 33040
For Sale
$799,000
The two-unit residential property could be renovated or occupied by an owner who rents the other unit.
Property Size1,501 SF
Price / SF$532.31
Days on Market283
Property Features for 1432 Eliza Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Century 21 All Keys Inc (KW)
Listed By:
Ralph J Sanchez
(305) 304-0090
Source:
Keystoprealty
Added: Feb 6
Changed: Nov 15
Last Checked: Nov 14 at 8:06PM
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 Century 21 All Keys Inc (KW)
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Investment Insights
Based on property information with market context.
This 1,501-square-foot duplex was built in 1938. Its two-unit residential layout may suit renovation, owner occupancy with rental use of the other unit, or staff housing. Owner financing is available.
Key Highlights
- 1,501‑square‑foot duplex
- Built in 1938
- Owner financing available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,145
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,900
$502.9K
Cap Rate 7%
$359,214
$359.2K
Cap Rate 9%
$279,389
$279.4K
Market Conditions
NOI Build-Up for 1,501 SF
Gross rent
$38.4K $25.56/SF
− Vacancy
−$2.4K −$1.63/SF
EGI
$35.9K $23.93/SF
− OpEx
−$10.8K −$7.18/SF
NOI
$25.1K $16.75/SF
Area
Monroe County, FL
Vacancy
6.37%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,900
Cap Rate 7%
$359,214
Cap Rate 9%
$279,389
Alternative Uses
Best Use
Multifamily LT 5
$359.2K
$314.3K – $419.1K
NOI $25,145 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$332.7K
$291.2K – $388.2K
NOI $23,292 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$603.8K
$528.3K – $704.4K
NOI $42,263 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,921
Businesses Nearby
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Business Placement
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
$766,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Key West, FL
Properties on Market for Duplexes in Key West
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit residential property could be renovated or occupied by an owner who rents the other unit.
Where is this duplex located?
The property is located at 1432 Eliza Street Key West, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,501‑square‑foot duplex; Built in 1938; Owner financing available
