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Six-Unit Apartment Building
For Sale
Contact for pricing
Pending

721 South St, Key West, FL 33040

Tenant-occupied residences include a mix of one-bedroom and two-bedroom apartments.

Property SizeContact for details
Days on Market144

Property Features for 721 South St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Andy Birrell · License #FL SL3015633
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 31 at 4:37AM

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

Investment Insights

Based on property information with market context.

This six-unit apartment property in Key West offers a defined residential configuration across a substantial 11,240-square-foot lot. The unit mix includes four one-bedroom, one-bath apartments, one two-bedroom, one-bath apartment, and one two-bedroom, two-bath apartment. All six apartments are currently occupied by tenants.

Located at 721 South St, the property combines an established apartment layout with varied residential floor plans. Showings are to be scheduled with the listing agent, and tenants should not be disturbed during the viewing process. Prospective buyers are encouraged to independently verify property rights and other property details.

Key Highlights

  • Six apartment units on an 11,240‑square‑foot lot
  • Unit mix includes 4 one‑bedroom, one‑bath apartments
  • Includes 1 two‑bedroom, one‑bath apartment

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Barber Shop (Bike/Boat/Book/etc) Store Dental Office HVAC Service Pharmacy 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.

Location Intelligence

Trade Area within ½ mile

2,582
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?
Apartment building - Tenant-occupied residences include a mix of one-bedroom and two-bedroom apartments.
Where is this apartment building located?
The property is located at 721 South St Key West, FL.
What are key features of this property?
This property features: Six apartment units on an 11,240‑square‑foot lot; Unit mix includes 4 one‑bedroom, one‑bath apartments; Includes 1 two‑bedroom, one‑bath apartment
More about this property
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