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Two-Building One-Bedroom Apartment Property
For Sale
$3,750,000

818 Elizabeth Street, Key West, FL 33040

MULTI_FAMILY - Key West, FL

Property Size3,797 SF
Lot Size0.18 Acres
Price / SF$987.62
Days on Market196

Property Features for 818 Elizabeth Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning HDR - High Density Reside
Bedrooms 8
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 7, Bathroom 8, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 7, Bathroom 6
Parking features Off Street
Appliances Refrigerator, Range
Subdivision Old Town - Unlisted (1.0)
View Water
Standard status Active
APN 00018340-000000
Size 3,797 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description KW PT LOT 14 OF TR 5 G70-74/75 OR2499-572 OR2503-1936 OR2582-1047/52 OR3205-1772
Tax Annual Amount 23776
Legal Description KW PT LOT 14 OF TR 5 G70-74/75 OR2499-572 OR2503-1936 OR2582-1047/52 OR3205-1772

Utilities

Cooling system Window Unit(s), Wall/Window Unit(s)

Building Details

Year built 1928
Flooring type Tile
Building materials ICFs (Insulated Concrete Forms)
Roof type Metal
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #BK612006
Added: Feb 2 Changed: Jul 24 Last Checked: Aug 17 at 2:06AM
MLS# 618438

Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This for-sale multifamily property consists of eight updated one-bedroom, one-bathroom units located in two separate buildings. The offering is situated on a 5,575 square foot lot.

The buildings are located at 818 Elizabeth Street in Key West, Florida, in Monroe County. Advanced notice is required to arrange showings, and not all units may be available for viewing because they are currently rented.

At present, the configuration supports occupancy across the eight units, with all details limited to the property’s stated unit count, bedroom/bath layout, and updated condition.

Key Highlights

  • Eight updated 1‑bedroom, 1‑bathroom units across 2 buildings
  • Located on a 5,575 SF lot in Old Town Key West
  • Metal roof; ICF (insulated concrete forms) construction

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

3,710
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 - This property features eight updated one-bedroom, one-bath units across two buildings.
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: Eight updated 1‑bedroom, 1‑bathroom units across 2 buildings; Located on a 5,575 SF lot in Old Town Key West; Metal roof; ICF (insulated concrete forms) construction
More about this property
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