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Four-Unit Multifamily Property
For Sale
$3,750,000

919-921 Thomas Street, Key West, FL 33040

Residential, Key West, FL

Property Size3,015 SF
Lot Size0.14 Acres
Price / SF$1,243
Days on Market336

Property Features for 919-921 Thomas Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning HMDR - Historic Medium De
Bedrooms 7
Bathrooms 8
Full bathrooms 7
Half bathrooms 1
Rooms Bedroom 5, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 7, Bathroom 1, Bedroom 7, Bedroom 2, Bathroom 8
Patio and Porch features Porch, Deck, Patio
Pets allowed Yes
Pool private 1
Interior features Built-in Cabinets, Granite Counter Top, Bar
Exterior features Bar, Detached Guest Qtrs, Hot Tub, Lighting, Outdoor Shower, Sprinkler System
Appliances More Appliances, Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Freezer, Ice Machine
Subdivision Old Town - Unlisted (1.0)
View Water
Standard status Active
Size 3,015 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LIGHTHOUSE VIEW CONDOMINIUM OF KEY WEST (F/K/A RE 00014930-000000)
Tax Annual Amount 15579
Legal Description LIGHTHOUSE VIEW CONDOMINIUM OF KEY WEST (F/K/A RE 00014930-000000)

Utilities

Cooling system Central Air, Wall/Window Unit(s), Ductless, Window Unit(s)

Amenities

heated pool
hot tub
outdoor shower

Building Details

Year built 1938
Flooring type Tile, Combo
Building materials Frame
Roof type Metal
Listing Agency: Coldwell Banker Schmitt Real Estate Co. (KW) · Coldwell Banker Real Estate
Listed By: Rick L Lively · License #3025597
Added: Nov 1, 2025 Changed: Sep 13 Last Checked: Oct 2 at 6:06AM
MLS# 617140

Copyright © 2026 Marathon and Lower Keys 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 four-unit multifamily property occupies a 0.1431-acre parcel and contains 3,015 square feet of residential improvements. Built in 1938, the compound includes a main house and additional detached guest quarters, with high ceilings, large windows, tile and combination flooring, and a mix of wall, window, ductless, and central air-conditioning systems. Exterior amenities include a private heated pool, hot tub, outdoor shower, porch, deck, patio, and sprinkler system. The property also includes built-in cabinets, granite countertops, a bar, and a broad appliance package with washer, dryer, dishwasher, refrigerator, range, oven, microwave, disposal, freezer, and ice machine.

Located on Thomas Street in Key West, the property is near restaurants, local shops, beaches, water activities, and parks. Its historic district setting and residential compound configuration provide a distinctive multifamily layout within the Key West market.

Key Highlights

  • Four‑unit multifamily property with 3,015 square feet of improvements
  • 0.1431‑acre parcel in Key West, FL
  • Private heated pool, hot tub, and outdoor shower

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Dental Office (Bike/Boat/Book/etc) Store Garden Center Auto Repair Shop Carpet & Flooring 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

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,567
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Private heated pool, hot tub, and outdoor shower serve the residential compound.
Where is this quadplex located?
The property is located at 919-921 Thomas 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: Four‑unit multifamily property with 3,015 square feet of improvements; 0.1431‑acre parcel in Key West, FL; Private heated pool, hot tub, and outdoor shower
More about this property
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