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Duplex with Studio Cottage
For Sale
$899,000

2004 Patterson Avenue, Key West, FL 33040

Two separate residences provide a three-bedroom home and a one-bedroom cottage, both currently leased.

Property Size1,239 SF
Price / SF$725.59
Days on Market276

Property Features for 2004 Patterson Avenue

General Information

Standard status Active
Size 1,239 SF
Property subtype Duplex
Occupancy 100%

Units

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

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $6,938

Building Details

Building Size 1,239 SF
Year Built 1958
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Rebecca Cobo · License #3391130
Source: Keystoprealty
Added: Jan 28 Changed: Oct 26 Last Checked: Oct 26 at 2:55PM

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 Berkshire Hathaway HomeServices Knight & Gardner Realty

Rey
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Investment Insights

Based on property information with market context.

This duplex property pairs a three-bedroom, two-bath main residence with a separate one-bedroom, one-bath studio cottage. The combined property contains 1,239 square feet and was built in 1958. Both residences are currently leased, with layouts that include living areas.

Located on Patterson Avenue in Key West, the property offers two distinct residential units within one parcel.

Key Highlights

  • Three‑bedroom, two‑bath main residence
  • Separate studio cottage with one bedroom and one bath
  • 1,239 square feet

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,581
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
View Realmo Analytics

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 residences provide a three-bedroom home and a one-bedroom cottage, both currently leased.
Where is this duplex located?
The property is located at 2004 Patterson Avenue Key West, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath main residence; Separate studio cottage with one bedroom and one bath; 1,239 square feet
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