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    Triplex with Impact Windows Title is generated by Realmo AI

    235 Antigua Road, Key Largo, FL 33070

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    Claim this Listing
    For Sale
    $689,000

    MULTI_FAMILY - Other - Key Largo, FL

    Property size:
    2,330 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $295/SF
    Added:
    May 13, 2026
    Days on Market:
    37
    Last Refresh:
    Jun 18 at 5:06 pm

    Property Features for 235 Antigua Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    URM - Urban Res Mobile Ho
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 2
    Pets allowed
    Yes
    Appliances
    Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Gas Appliances
    Standard status
    Active
    APN
    00450990000000
    Size
    2,330 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Bk 12 Lt 9 Harris Ocean Pk Estates First Addn Key Largo Pb4-139 Or816-2302 Or1082-850 Or1159-139 Or1391-1176 Or2680-911
    Tax Annual Amount
    4290

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1972
    Building materials
    Frame, Manufactured
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Claire Johnson
    Claire Johnson

    Listing agent Claire Johnson License #3046906

    Listing office Coastal Realty of the Florida Keys 82889 Overseas Hwy, Islamorada, FL

    Listing date May 13, 2026

    MLS# 619887 Listing URL

    Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3 separate residences with a combined 5 bedrooms and 4 bathrooms in Tavernier
    • Metal roof and updated kitchens with new appliances
    • New flooring in the front building
    • Rear unit includes a gas stove
    • Impact windows, plus an impact sliding door, and shutters
    • Appliances include washer, dryer, dishwasher, refrigerator, range, oven, and microwave

    Overview

    This triplex includes three separate residences with a combined total of 5 bedrooms and 4 bathrooms. Recent updates include a metal roof, updated kitchens with new appliances, new flooring in the front building, and a gas stove in the rear unit. The property also features a mix of impact windows, an impact sliding door, and shutters, supporting a more resilient exterior envelope.

    Located in the heart of Tavernier, the property benefits from nearby outdoor and recreation amenities. Public remarks note proximity to Harry Harris Park, with convenient access to a boat ramp, beach, oceanfront park areas, restrooms, and ball fields.

    The layout is well-suited for a variety of residential income and ownership strategies, including extended family living or maintaining multiple households within one property. With three discrete units, the configuration can support independent occupancy while still offering a single, manageable asset to oversee. Updates to key building components such as the roof, kitchen finishes, and interior flooring help reduce near-term maintenance considerations and improve move-in readiness for prospective residents.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $59.6k $25.56
    − Vacancy −$3.8k −$1.63
    EGI $55.8k $23.93
    − OpEx −$16.7k −$7.18
    NOI $39.0k $16.75
    2,330 SF · lease $25.56/SF/yr · vacancy 6.37% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $557.6K
    $487.9K – $650.6K (±1% cap)
    NOI $39,033 @ 7.0% cap · market cap 5.67%
    Second Best
    Apartment 5plus
    $516.5K
    $452.0K – $602.6K (±1% cap)
    NOI $36,156 @ 7.0% cap · market cap 5.25%
    Theoretical Best
    Office A
    $937.2K
    $820.1K – $1.09M (±1% cap)
    NOI $65,605 @ 7.0% cap · market cap 9.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.502394
    Latitude
    25.024957

    FAQs

    What type of property is this?
    Triplex - Three separate residences with recent updates and impact-ready openings for flexible live-and-earn setups.
    Where is this triplex located?
    The property is located at 235 Antigua Road Key Largo, FL.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: 3 separate residences with a combined 5 bedrooms and 4 bathrooms in Tavernier; Metal roof and updated kitchens with new appliances; New flooring in the front building
    More about this property
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