Two-Building Apartment Income
For Sale
$3,750,000
818 Elizabeth Street, Key West, FL 33040
Two-building multifamily asset with eight updated one-bedroom, one-bath units suited for staff housing or rental ownership.
Property Size3,797 SF
Days on Market52
Property Features for 818 Elizabeth Street
General Information
Standard status
Active
Size
3,797 SF
Zoning
HDR - High Density Residential
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$23,776
Building Details
Building Size
3,797 SF
Year Built
1928
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 902-2447
Listed By:
Team Gardner/Langley · License #BK612006
(305) 902-2447
Source:
Laerrealty
Added: Jul 7
Changed: Aug 7
Last Checked: Aug 26 at 5:48AM
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 for-sale multifamily property consists of two buildings totaling eight updated one-bedroom, one-bath units. The units are currently configured for residential income use and are described as updated, supporting straightforward leasing and day-to-day occupancy.
The buildings sit on a 5,575 square foot lot. The offering notes that advanced notice is required to arrange showings, and that not all units may be available for viewing because they are currently rented.
The property is being marketed as a fit for multiple buyer profiles, including employers seeking staff housing, investors interested in a 1031 exchange, and buyers evaluating the possibility of a condo conversion. Because the units are already in place and the property includes eight separate one-bedroom layouts across two buildings, it may be well aligned with operators looking for a compact multifamily setup where residential units can be managed as individual homes.
The buildings sit on a 5,575 square foot lot. The offering notes that advanced notice is required to arrange showings, and that not all units may be available for viewing because they are currently rented.
The property is being marketed as a fit for multiple buyer profiles, including employers seeking staff housing, investors interested in a 1031 exchange, and buyers evaluating the possibility of a condo conversion. Because the units are already in place and the property includes eight separate one-bedroom layouts across two buildings, it may be well aligned with operators looking for a compact multifamily setup where residential units can be managed as individual homes.
Key Highlights
- Two‑building multifamily property built in 1928 in Old Town Key West
- Includes 8 updated 1‑bedroom, 1‑bath units
- Units are on a 5,575 SqFt lot
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,562
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily asset with eight updated one-bedroom, one-bath units suited for staff housing or rental ownership.
Where is this apartment building located?
The property is located at 818 Elizabeth Street Key West, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Two‑building multifamily property built in 1928 in Old Town Key West; Includes 8 updated 1‑bedroom, 1‑bath units; Units are on a 5,575 SqFt lot
