Four-Unit Townhouse Rental
For Sale
$2,000,000
Key West, FL 33040, Key West, FL 33040
Commercial Sale, Key West, FL
Property SizeContact for details
Lot Size0.05 Acres
Days on Market761
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MDR-1 - Medium Desnity Re
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 4, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 2
Appliances
Range, Washer, Dryer
Subdivision
Key West Realty Cos Sub (3.0)
View
Water
Directions
All 4 units identical with 750 sq ft under air conditioning. Addition 4 enclosed laundry rooms & covered front porches
Standard status
Active
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
KW KW REALTY CO'S FIRST SUB PB1-43 PT LOT 11 SQR 13 TR 21 A/K/A UNIT 3 & 1/4 INT IN PARCEL 6 & 1/2 INT IN PARCEL 7 OR27-
Tax Annual Amount
14760
Legal Description
KW KW REALTY CO'S FIRST SUB PB1-43 PT LOT 11 SQR 13 TR 21 A/K/A UNIT 3 & 1/4 INT IN PARCEL 6 & 1/2 INT IN PARCEL 7 OR27-
Amenities
covered front porches
laundry rooms
Building Details
Year built
1963
Floors in Building
1
Number of units
4
Building materials
CBS
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 294-5155
Listed By:
Raymond J Capas · License #171355
(305) 587-3483
Added: Jul 28, 2024
Changed: Aug 19
Last Checked: Aug 27 at 6:06PM
MLS# 610922
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 four-unit townhouse rental complex is configured as two side-by-side duplexes that are legally subdivided into four individual, 750-square-foot (under air) licensed units, each with its own separate legal description, parcel numbers, insurance policies, and utilities meters. Other than the roof over each duplex, the shared wall between units, and walkways between the duplexes, there is no other common area. Each unit includes a laundry room addition directly off the kitchen with separate exterior screen doors and paired new washers and dryers.
Set on a heavily landscaped 10,000-square-foot parcel in Key West, the property is surrounded by mature landscaping and separates the units. Ten cars of on-site parking are provided, along with oversized covered front porches with high open beamed ceilings. The complex has been continually maintained, including painting, new air conditioners, blinds and curtain rods on all windows, and roof screw replacements and added code-standard fasteners.
Zoned MDR-1 - Medium Desnity Re, the offering includes documentation such as the survey with legal descriptions for each unit and floor/site plan and aerial photo views. Windstorm, flood, fire, and liability policies are listed as in place.
Set on a heavily landscaped 10,000-square-foot parcel in Key West, the property is surrounded by mature landscaping and separates the units. Ten cars of on-site parking are provided, along with oversized covered front porches with high open beamed ceilings. The complex has been continually maintained, including painting, new air conditioners, blinds and curtain rods on all windows, and roof screw replacements and added code-standard fasteners.
Zoned MDR-1 - Medium Desnity Re, the offering includes documentation such as the survey with legal descriptions for each unit and floor/site plan and aerial photo views. Windstorm, flood, fire, and liability policies are listed as in place.
Key Highlights
- Development opportunity: (4) legally licensed 750 SF (under air) townhouse units in a complex built in 1963
- Units are comprised of (2) side‑by‑side duplexes with (4) separate legal descriptions, parcel numbers, insurance policies, and utility meters
- Each unit has its own laundry room addition off the kitchen with Range, plus washer and dryer included
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate licensed 2BR/1BA units in two duplexes, each with its own laundry addition and separate utilities.
Where is this quadplex located?
The property is located at Key West, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Development opportunity: (4) legally licensed 750 SF (under air) townhouse units in a complex built in 1963; Units are comprised of (2) side‑by‑side duplexes with (4) separate legal descriptions, parcel numbers, insurance policies, and utility meters; Each unit has its own laundry room addition off the kitchen with Range, plus washer and dryer included
