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    Key West Multifamily Investment Opportunity

    909 Grinnell Street Key West, FL 33040

    Claim this Listing
    For Sale
    $1,899,000

    MULTI_FAMILY - Key West, FL

    Property size:
    2,790 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $680/SF
    Added:
    Jul 23, 2025
    Days on Market:
    356
    Last Refresh:
    Jul 13 at 3:06 am

    Property Features for 909 Grinnell Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    HDR - High Density Reside
    Bedrooms
    7
    Bathrooms
    6
    Rooms
    Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 5, Bathroom 2, Bedroom 3
    Standard status
    Active
    APN
    00020870-000000
    Size
    2,790 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    KW PT LOT 6 SQR 3 TR 6 OR271-249/50 OR387-305 OR616-188 OR943-963/64 OR943-2119/21 OR954-1883 OR955-2017/20 OR955-2021
    Tax Annual Amount
    14215

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Floors in Building
    2
    Number of units
    7
    Building materials
    CBS

    Listing agent Walt Lee License #3159689

    Listing office Berkshire Hathaway HomeServices Knight & Gardner Realty 336 Duval St., Key West, FL

    Listing date Jul 23, 2025

    MLS# 615914

    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 property offers a rare opportunity to acquire seven units in the X-Flood Zone in Old Town Key West. The property is currently configured as six units but is recognized by the city as seven. It includes one 2-bedroom unit, three 1-bedroom units, and two studio units, all with separate exterior entrances. Renovations are in progress. The property is situated in a prime Old Town location, approximately half a block from the cemetery and half a block off Truman Ave. Its convenient location provides close proximity to various Old Town attractions, including the world-famous Duval Street. The property, with a total size of 2790 square feet on a lot of 0.07 acres, is zoned HDR - High Density Reside. It is suitable for employee housing or as an income-producing multi-unit property. The property is currently being used as one 2-bedroom unit, three 1-bedroom units, and two studio units.

    Key Highlights

    • Seven market‑rate units in Old Town Key West.
    • Prime Old Town location near Truman Ave.
    • Priced at less than $272K per unit.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    (Bike/Boat/Book/etc) Store Dental Office Pharmacy Carpet & Flooring Store Tanning Salon Barber Shop Veterinary Clinic Auto Parts Store (Bike/Boat/Book/etc) Store Daycare Center

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

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit multifamily property in Key West's Old Town.
    Where is this apartment building located?
    The property is located at 909 Grinnell Street Key West, FL.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: Seven market‑rate units in Old Town Key West.; Prime Old Town location near Truman Ave.; Priced at less than $272K per unit.
    Contact an agent
    (305) 879-7355
    We can help!
    Contact an agent
    Walt Lee
    Real Estate License ID: 3159689
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