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Renovated Duplex with Parking
For Sale
$1,560,000

709 Olivia Street, Key West, FL 33040

Two separate residences offer private access, updated interiors, and flexible owner-occupant or rental use.

Property Size1,092 SF
Price / SF$1,428
Days on Market172

Property Features for 709 Olivia Street

General Information

Standard status Active
Size 1,092 SF
Total Parking Spaces 1
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $11,788

Amenities

Heat Pump, Ceiling Fan(s)
3
Wood
Unfurnished
Dishwasher, Washer, Dryer, Disposal, Wine Refrigerator, Microwave, Range, Refrigerator, Appliance Center, Oven
Security System
Metal
Privacy Fence, Full
Open Porch/Balcony, Deck
HHDR - Historic High Density Residential
Parking. Deck. Waterfront. Fenced Yard.
Off Street.
Frame
44 X 50, 0.05000000074505806
Rain Gutters.

Building Details

Year Built 1933
Buildings 1
Stories 2
Listing Agency: RE Florida Homes
Listed By: Corey Breingan
Source: Xome
Added: Mar 14 Changed: Aug 30 Last Checked: Aug 31 at 2:26PM

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 RE Florida Homes

Investment Insights

Based on property information with market context.

This legal duplex contains two separate residences, each with its own entrance, in-unit laundry, and electric meter. Renovated kitchens and bathrooms are paired with high-end appliances, while vaulted ceilings, exposed beams, skylights, and wood flooring retain the property's historic character. Heat pumps, ceiling fans, a security system, and rain gutters are also included.

The fully fenced property provides an off-street parking space along with an open porch or balcony and deck. Located on Olivia Street in Old Town Key West, the home is just blocks from Duval Street. The property carries an HHDR - Historic High Density Residential designation and was built in 1933.

Key Highlights

  • Legal duplex with two separate residences and private entrances
  • Updated kitchens and bathrooms with high‑end appliances
  • In‑unit laundry and separate electric meter for each residence

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

3,666
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?
Duplex - Two separate residences offer private access, updated interiors, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 709 Olivia Street Key West, FL.
What is the asking price?
The asking price for this property is $1,560,000.
What are key features of this property?
This property features: Legal duplex with two separate residences and private entrances; Updated kitchens and bathrooms with high‑end appliances; In‑unit laundry and separate electric meter for each residence
More about this property
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