Two-Building Apartment Income Property

818 Elizabeth Street Key West, FL 33040

Claim this Listing
New
For Sale
$3,799,000

Two-building multifamily asset with eight updated one-bedroom, one-bath units suited for staff housing or rental ownership.

Added:
Jul 7, 2026
Days on Market:
7
Last Refresh:
Jul 8 at 3:21 am

Property Features for 818 Elizabeth Street

General Information

Standard status
Active

Building Details

Year Built
1928

Listing office Berkshire Hathaway HomeServices Knight & Gardner Realty

Listing date Jul 7, 2026

Source Laerrealty

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.

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 Location Intelligence

Current Use by Public Records

1031 exchange properties

Suggested Use

HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service Auto Repair Shop Carpet & Flooring Store Auto Parts Store Tanning Salon Dental Office (Bike/Boat/Book/etc) Store Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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 $3,799,000.
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
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message