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Triplex with Separate Entrances
For Sale
$1,999,999

1504 Flagler Avenue, Key West, FL 33040

Three residential units offer central air, laundry hookups, balconies, and covered parking.

Property Size2,501 SF
Price / SF$799.68
Days on Market110

Property Features for 1504 Flagler Avenue

General Information

Standard status Active
Size 2,501 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR/1.5BA, 2 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $7,979

Amenities

W/D hook ups
central air
covered porch
patio
balconies
separate staircases
covered parking
dedicated parking
low maintenance yardcare
Central Air
Dishwasher, Microwave, Range, Refrigerator, Oven
3
Unfurnished
Open Porch/Balcony
SF - Single Family
Parking. Waterfront.
Off Street, Carport.
Frame
52 X 88, 0.10000000149011612

Building Details

Year Built 1963
Year Renovated 1994
Stories 2
Listing Agency: Meadows Realty Group
Listed By: Michaele Meadows · License #3328776
Source: Xome
Added: May 14 Changed: Aug 29 Last Checked: Aug 30 at 12:54PM

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 Meadows Realty Group

Investment Insights

Based on property information with market context.

This 2,501-square-foot triplex contains three residential units. The lower-level residence offers a 3-bedroom, 1.5-bath layout with an open arrangement, covered porch, and patio. Two upper-level apartments each feature 2 bedrooms and 1 bathroom, with a firewall separating the units. Each upstairs residence has its own staircase and balcony. Central air and washer/dryer hookups are provided throughout the property, and the kitchen equipment includes a dishwasher, microwave, range, refrigerator, and oven.

Built in 1963, the home received its second story in 1994. The property includes covered, dedicated parking along with additional street parking and is located near downtown and the beaches at 1504 Flagler Avenue in Key West.

Key Highlights

  • Three‑unit configuration with one 3/1.5 residence and two 2/1 upstairs apartments
  • 2,501 square feet on a 52 X 88 lot
  • Second story added in 1994 to the 1963‑built property

Property Analytics

Current Use

Carlos & Carlos Jr ... Renovation Specialist

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Furniture & Home Goods Pharmacy Veterinary Clinic Tattoo & Piercing Shop

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,530
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

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Triplex - Three residential units offer central air, laundry hookups, balconies, and covered parking.
Where is this triplex located?
The property is located at 1504 Flagler Avenue Key West, FL.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Three‑unit configuration with one 3/1.5 residence and two 2/1 upstairs apartments; 2,501 square feet on a 52 X 88 lot; Second story added in 1994 to the 1963‑built property
More about this property
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