Two-Story Duplex for
329 63rd Court Gulf Marathon, FL 33050
329 63rd Court Gulf, Marathon, FL, 33050
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For Sale
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Two-story duplex with 1-bed, 1-bath units on a 10,591 SF lot, zoned Residential-Medium with specified setbacks.
Property Size1,934 SF
Lot Size0.24 Acres
Price / SF$361.94
Days on Market182
Property Features for 329 63rd Court Gulf
General Information
- Standard status
- Active
- Size
- 1,934 SF
- Lot size
- 0.24 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agency
Compass Coral Gables
(305) 505-0488
Listed by
Iliana Abella · License #0519307
Source
Crexi
Added: Jan 22 Updated: Jul 22 at 6:42PM Checked: Jul 22 at 6:42PM
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 Compass Coral Gables
Investment Insights
Based on property information with market context.
This two-story duplex offers two separate units, each with 1 bedroom and 1 bathroom. The property sits on a 10,591 SF lot and may be suitable for redevelopment, expansion, or construction of a larger duplex, subject to local approvals.
Verified with the City of Marathon, the property is zoned Residential-Medium. Development is subject to setbacks of 20 feet from the front and back and 5 feet from the sides, along with a 20% open-space requirement. The building height limit is 42 feet, and no ROGO points are needed for building.
Located in Marathon, the area is described as being near dining options and recreational destinations including Sombrero Beach, Marathon Sandbar, and Curry Hammock State Park, as well as the Florida Keys Marathon Airport.
Verified with the City of Marathon, the property is zoned Residential-Medium. Development is subject to setbacks of 20 feet from the front and back and 5 feet from the sides, along with a 20% open-space requirement. The building height limit is 42 feet, and no ROGO points are needed for building.
Located in Marathon, the area is described as being near dining options and recreational destinations including Sombrero Beach, Marathon Sandbar, and Curry Hammock State Park, as well as the Florida Keys Marathon Airport.
Key Highlights
- Two‑story duplex built in 1968 with two 1‑bed, 1‑bath units
- Set on a 10,591 SF lot with Residential‑Medium zoning
- Verified Marathon zoning details: 20‑ft front/back setbacks and 5‑ft side setbacks
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 | $49.4k | $25.56 |
| − Vacancy | −$3.1k | −$1.63 |
| EGI | $46.3k | $23.93 |
| − OpEx | −$13.9k | −$7.18 |
| NOI | $32.4k | $16.75 |
1,934 SF · lease $25.56/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.8K
$405.0K – $540.0K
NOI $32,399 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$428.7K
$375.1K – $500.2K
NOI $30,011 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$777.9K
$680.7K – $907.6K
NOI $54,455 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ahoy taxi
Moving Company
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FAQs
What type of property is this?
Duplex - Two-story duplex with 1-bed, 1-bath units on a 10,591 SF lot, zoned Residential-Medium with specified setbacks.
Where is this duplex located?
The property is located at 329 63rd Court Gulf Marathon, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two‑story duplex built in 1968 with two 1‑bed, 1‑bath units; Set on a 10,591 SF lot with Residential‑Medium zoning; Verified Marathon zoning details: 20‑ft front/back setbacks and 5‑ft side setbacks
