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7-Unit Apartment Building
For Sale
$1,899,000

909 Grinnell Street, Key West, FL 33040

Each residence has its own exterior entrance, and renovation work is underway.

Property Size2,790 SF
Price / SF$680.65
Days on Market62

Property Features for 909 Grinnell Street

General Information

Standard status Active
Size 2,790 SF
Property subtype Multi-Units

Units

Unit Mix 1 x 2-bedroom, 3 x 1-bedroom, 2 x studio
Multifamily Units 7

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $14,214

Building Details

Building Size 2,790 SF
Year Built 1976
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Walt Lee · License #3159689
Source: Keystoprealty
Added: Aug 27 Changed: Oct 26 Last Checked: Oct 26 at 3:22PM

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

Rey
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Investment Insights

Based on property information with market context.

This 2,790-square-foot apartment property, built in 1976, is currently laid out as six residences, while the City recognizes seven units. The existing mix comprises one two-bedroom apartment, three one-bedroom apartments, and two studios. Each residence has a separate exterior entrance, and renovation work is underway. The property is identified as being in the X-Flood Zone.

In Old Town Key West, the site is half a block from the cemetery and half a block from Truman Avenue. Duval Street is among the nearby Old Town destinations noted for the area.

Key Highlights

  • 2,790‑square‑foot apartment property built in 1976
  • City recognizes 7 units; currently configured as 6
  • Existing mix: one 2‑bedroom, three 1‑bedroom, and two studio units

Property Analytics

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Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

3,256
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
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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?
Apartment building - Each residence has its own exterior entrance, and renovation work is underway.
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: 2,790‑square‑foot apartment property built in 1976; City recognizes 7 units; currently configured as 6; Existing mix: one 2‑bedroom, three 1‑bedroom, and two studio units
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