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Duplex with Unfinished Third Floor
New
For Sale
$1,400,000

646 William Street, Key West, FL 33040

Residential, Key West, FL

Property Size1,780 SF
Lot Size0.09 Acres
Price / SF$786.52
Days on Market5

Property Features for 646 William Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning HHDR - Historic High Dens
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Parking features Off Street
Security features Security
Patio and Porch features Porch
Subdivision Old Town - Unlisted (1.0)
View Water
Standard status Active
APN 00018810000000
Size 1,780 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Kw Pt Of Tr 5 C3-569
Tax Annual Amount 13850
Legal Description Kw Pt Of Tr 5 C3-569

Utilities

Heating system Hot Water(Heating)
Cooling system Wall/Window Unit(s), Window Unit(s)

Building Details

Year built 1928
Flooring type Combo
Building materials Frame
Roof type Metal
Architectural style Other
Listing Agency: Coldwell Banker Schmitt Real Estate Co. (KW)
Listed By: Louis M Paez · License #3029661
Added: Sep 23 Changed: Sep 26 Last Checked: Sep 27 at 12:06PM
MLS# 621406

Copyright © 2026 Key West Association 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.

Investment Insights

Based on property information with market context.

Built in 1928, this 1,780-square-foot, two-and-a-half-story frame residence is configured as a duplex and requires renovation. Finished living space includes four bedrooms and three bathrooms: the first floor has two bedrooms and two bathrooms, and the second floor has two bedrooms and one bathroom. A stairwell leads to an unfinished third floor that is not currently configured as living space.

The property occupies 0.09 acres and is zoned HHDR - Historic High Dens. Exterior features include a metal roof and porch. Heating is hot water, cooling is provided by wall/window units, and off-street parking is listed.

Key Highlights

  • Two‑and‑a‑half‑story duplex with 1,780 square feet
  • Four finished bedrooms and three bathrooms
  • Unfinished third floor is not configured as living space

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Pet Grooming Service Carpet & Flooring Store Dental Office

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

3,824
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
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Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - The first level has two bedrooms and two bathrooms, while the second floor contains a separate two-bedroom, one-bathroom layout.
Where is this duplex located?
The property is located at 646 William Street Key West, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two‑and‑a‑half‑story duplex with 1,780 square feet; Four finished bedrooms and three bathrooms; Unfinished third floor is not configured as living space
More about this property
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