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Renovated Duplex with Studio Apartment
For Sale
$2,250,000

811 Olivia Street, Key West, FL 33040

A separate studio complements a four-bedroom residence in a two-unit property.

Property Size1,982 SF
Price / SF$1,135
Days on Market14

Property Features for 811 Olivia Street

General Information

Standard status Active
Size 1,982 SF
Total Parking Spaces 1
Property subtype Duplex

Units

Unit Mix 1 x 4BR/3BA, 1 x studio
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $12,427

Building Details

Building Size 1,982 SF
Year Built 1890
Year Renovated 2025
Construction Conch House
Listing Agency: Last Key Realty, Inc (KW)
Listed By: Rodney Culiver · License #SL3426316
Source: Keystoprealty
Added: Oct 15 Changed: Oct 26 Last Checked: Oct 26 at 3:01PM

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 Last Key Realty, Inc (KW)

Rey
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Investment Insights

Based on property information with market context.

This duplex pairs a 4-bedroom, 3-bathroom main residence with a separate studio apartment. The original home dates to 1890, and the property spans 1,982 square feet. Renovation work took place from 2022 to 2025, including a roof replacement in 2022, plumbing and electrical updates in 2024, attic insulation in 2025, and a new HVAC system in 2024.

The property is at 811 Olivia Street in Key West, next to the Key West Cemetery. Off-street driveway parking accommodates 1 vehicle.

Key Highlights

  • Duplex with a 4‑bedroom, 3‑bathroom main residence and separate studio apartment
  • 1,982‑square‑foot property
  • Built in 1890

Property Analytics

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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

Frequently Asked Questions

What type of property is this?
Duplex - A separate studio complements a four-bedroom residence in a two-unit property.
Where is this duplex located?
The property is located at 811 Olivia Street Key West, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Duplex with a 4‑bedroom, 3‑bathroom main residence and separate studio apartment; 1,982‑square‑foot property; Built in 1890
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