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    Islamorada, FL
    Multifamily

    Islamorada, FL Multifamily Properties for Sale

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    Key Largo, FL Tavernier, FL Plantation Key, FL Homestead, FL Long Key, FL
    6 properties
    Downtown Three-Unit Income Property
    Updated: Jun 30
    Downtown Three-Unit Income Property

    81160 Old Highway, Upper Matecumbe Key, Islamorada, FL 33036

    $1,295,000
    2,684 sqft 0.18 AC lot
    3‑plex in downtown Islamorada with 3 separate units
    6 bedrooms and 3 baths total across the property
    Two units are remodeled
    Currently fully rented on annual leases
    Two separate electric meters and one water meter
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    This listing looks promising.

    Here's a quick look at some key insights for

    81160 Old Highway, Upper Matecumbe Key Islamorada, FL 33036

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $45K
      Annual

    • Price @ 7% Cap

      $642K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1972
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    Ocean-View Mixed-Use Property
    Updated: Jul 8
    Ocean-View Mixed-Use Property

    Islamorada, FL 33036

    $1,680,000
    1,980 sqft 0.16 AC lot
    Ocean front mixed‑use property in Islamorada with Atlantic Ocean views and waterfront positioning
    Direct Overseas Highway frontage at Mile Marker 74.5 in a Neighborhood Commercial (NC) zoning area
    Originally permitted as a three‑unit apartment building; currently configured with two primary residential/commercial spaces
    Flexible interior layout with bedrooms and two bathrooms, plus washer and dryer included
    CBS and concrete construction, built in 1967
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    Waterfront Mixed-Use Property with Seawall
    Waterfront Mixed-Use Property with Seawall

    Islamorada, FL 33036

    $3,349,000
    6,071 sqft 0.35 AC lot

    Mixed-use waterfront property with commercial space, residences, and a 100-foot seawall for up to eight slips.

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    Islamorada Waterfront Family Compound
    Islamorada Waterfront Family Compound

    Islamorada, FL 33036

    $3,524,000
    3,524 sqft

    Luxury multi-family property with income potential and resort-style amenities.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Triplex Compound with Private Dock
    Triplex Compound with Private Dock

    Islamorada, FL 33036

    $3,524,000
    3,524 sqft 0.16 AC lot

    Three separate residences, seven bedrooms total, plus a 70-foot concrete dock and private pool on a canal.

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    Oceanfront Property with Redevelopment Potential
    Oceanfront Property with Redevelopment Potential

    Islamorada, FL 33036

    $6,495,000
    1.10 AC lot

    200' oceanfront with triplex and vacant lot.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 6 Active listings in Islamorada, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Triplex and Adjacent Multifamily Lot
    Triplex and Adjacent Multifamily Lot

    127 & 121 Monroe Drive, Plantation Key, FL 33070

    $2,399,000
    2,409 sqft 0.34 AC lot

    Concrete triplex with three rental units plus an adjacent multifamily lot, offering expansion flexibility with on-site parking and outdoor space.

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    Triplex with Impact Windows
    Triplex with Impact Windows

    235 Antigua Road, Key Largo, FL 33070

    $689,000
    2,330 sqft 0.12 AC lot

    Three separate residences with recent updates and impact-ready openings for flexible live-and-earn setups.

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    Charming Multi-Residence Property
    Charming Multi-Residence Property

    162 Jo-Jean Way, Key Largo, FL 33070

    $1,050,000
    1,950 sqft 0.23 AC lot

    Renovated multi-residence property with lush landscaping in Tavernier.

    View details
    Waterfront Duplex with Redevelopment Potential
    Waterfront Duplex with Redevelopment Potential

    230 Apache Street, Plantation Key, FL 33070

    $1,250,000
    1,500 sqft 0.23 AC lot

    Canal-front duplex in Islamorada with income and redevelopment opportunities.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Plantation Key Land Opportunity
    Plantation Key Land Opportunity

    135 Airstream Lane, Plantation Key, FL 33070

    $399,000
    0.08 AC lot

    Land with building rights near Founders Park, restaurants, and schools.

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    Land in Exclusive Key Largo
    Land in Exclusive Key Largo

    94825 Overseas Highway, Key Largo, FL 33037

    $260,000
    0.04 AC lot

    Build your dream home in a luxury gated community.

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    Waterfront Land in Key Largo
    Waterfront Land in Key Largo

    94825 Overseas Highway, Key Largo, FL 33037

    $715,000
    0.04 AC lot

    Oceanfront lot with sunrise and sunset views in Key Largo.

    View details
    Mixed-Use Gulffront Estate with Dock
    Mixed-Use Gulffront Estate with Dock

    6500-6600 Overseas Highway, Marathon, FL 33050

    $9,500,000
    10,852 sqft 3.86 AC lot

    Gulffront mixed-use property with gated entrances, concrete dockage, and a 10,852 SF concrete mansion needing repairs.

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    Off-Market Properties in Islamorada, FL

    Consider similar Off-Market properties in Islamorada, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    207 Russell St
    Multifamily properties

    207 Russell St, Islamorada, FL 33036

    Value Estimation by Request
    View details

    Islamorada, FL Multifamily Properties Market Trends and Statistics

    Explore 7 multifamily properties for sale in Islamorada, FL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 17,783 square feet of properties for sale, with an estimated market value of $13,372,000.

    Sale prices for multifamily properties in Islamorada, FL start at $1,295,000, averaging $2,674,400, and reaching up to $3,524,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 3
    Short term rental properties 2
    Apartment buildings 1
    Duplexes 1

    Demographics Overview

    Population 3,632
    Population Growth (5Y) +10.9%
    Median Household Income $88,214
    College Educated 55.8%

    High-Yield Neighborhoods for Investment

    Identify Islamorada submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    33036 $3.6M

    Taxes & Financing

    Tax Rate (average for all types) 0.89%
    Property Tax per SF $9.44 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monroe County

    Retail

    Residential Income

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