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    Key West, FL Multifamily Properties for Sale

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    Stock Island, FL Sugarloaf Key, FL Cudjoe Key, FL
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    Legal Duplex on Spacious Lot
    Updated: Mar 1
    Legal Duplex on Spacious Lot

    1409 4Th Street, Key West, FL 33040

    $1,250,000
    2,664 sqft 0.23 AC lot
    Legal duplex on a 10,000 SF corner lot with a main residence plus a separate 2‑bedroom, 1‑bath cottage
    Main residence: 2,004 SF CBS construction with 2 bedrooms, 2 bathrooms, living room, kitchen, and dining area
    Separate cottage: 660 SF with 2 bedrooms and 1 bathroom, suitable for rental income, extended family, or guest use
    Outdoor features include a deck, patio, and shed, plus private pool (Pool Private Y/N: true)
    Appliances included: washer, dryer, dishwasher, refrigerator, oven, and microwave; central heating and central air
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    This listing looks promising.

    Here's a quick look at some key insights for

    1409 4Th Street, Key West, FL 33040

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    • Est. Cap Rate

      3.6%
      NOI ÷ price

    • Est. NOI

      $45K
      Annual

    • Price @ 7% Cap

      $638K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1976
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    Six-Unit Multifamily Property
    Updated: May 29
    Six-Unit Multifamily Property

    912 Pohalski Street, Key West, FL 33040

    $2,250,000
    3,876 sqft 0.08 AC lot
    Six legal apartments: 3 one‑bedroom/one‑bath, 2 two‑bedroom/one‑bath, and 1 three‑bedroom/one‑bath
    Total of 10 bedrooms and 6 bathrooms across 3,876 SF, two‑story CBS & frame building (built in 1988)
    Each unit has separate electric and water meters
    Gross rents total $14,500 per month; limited expenses noted in remarks
    3,598 SF lot with access from Pohalski St. to Havana Lane and 6 off‑street parking spaces
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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    912 Pohalski Street, Key West, FL 33040

    $2,250,000
    3,876 sqft 0.08 AC lot

    Six legal apartments feature separate electric and water meters, with off-street parking for residents.

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    Value-Add Fourplex Investment Opportunity
    Value-Add Fourplex Investment Opportunity

    1224 2nd Street, Key West, FL 33040

    $1,700,000
    3,000 sqft 0.16 AC lot

    Fourplex with income potential after renovations in Key West, FL.

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    Apartment Building with Off-Street Parking
    Apartment Building with Off-Street Parking

    912 Pohalski Street, Key West, FL 33040

    $2,250,000
    3,876 sqft

    Six-unit apartment building with off-street parking and separate electric and water meters for each apartment.

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    Renovated Duplex with Private Yard
    Renovated Duplex with Private Yard

    1126 Grinnell Street, Key West, FL 33040

    $1,325,000
    875 sqft 0.03 AC lot

    Two renovated 1-bedroom units with independent living and private yard space.

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    Key West Duplex with Pool
    Key West Duplex with Pool

    1516 17th Terrace, Key West, FL 33040

    $1,875,000
    2,423 sqft 0.30 AC lot

    Spacious duplex with pool, ideal for various living arrangements.

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    Charming Duplex in Old Town
    Charming Duplex in Old Town

    606 Grinnell Street, Key West, FL 33040

    $1,750,000
    1,870 sqft

    Key West duplex with flexible living and investment potential.

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    Key West Duplex Redevelopment Opportunity
    Key West Duplex Redevelopment Opportunity

    3711 Eagle Avenue, Key West, FL 33040

    $825,000
    1,464 sqft 0.14 AC lot

    Legal duplex in prime location with redevelopment potential and owner financing.

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    Waterfront Duplex-Style Multifamily Home
    Waterfront Duplex-Style Multifamily Home

    Key West, FL 33040

    $2,499,999
    3,568 sqft 0.27 AC lot

    Duplex-style multifamily with a bonus suite, private entrances, kitchens, laundry, and newer A/C systems.

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    Waterfront Duplex with Bonus Suite
    Waterfront Duplex with Bonus Suite

    Key West, FL 33040

    $2,699,999
    3,568 sqft

    Upgraded multifamily duplex with waterfront access and rental income potential.

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    HCT-Zoned Multifamily Development Site
    HCT-Zoned Multifamily Development Site

    1430 Vernon Avenue, Key West, FL 33040

    $9,888,000
    2,071 sqft 0.20 AC lot

    Two-story Key West property in the HCT Historic Commercial Tourist District with two separate electric meters.

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    Charming Key West Duplex
    Charming Key West Duplex

    606 Grinnell Street, Key West, FL 33040

    $1,750,000
    1,870 sqft 0.06 AC lot

    Versatile Old Town duplex with pool, ideal for investment.

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    Fully Renovated Duplex Income Property
    Fully Renovated Duplex Income Property

    1018 Georgia Street, Key West, FL 33040

    $999,999
    3,042 sqft

    Turnkey, renovated duplex with separate electric and two downstairs lockout units plus an occupied upstairs unit.

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    Key West Legal Duplex
    Key West Legal Duplex

    1911 Seidenberg Avenue, Key West, FL 33040

    $1,250,000
    1,119 sqft 0.12 AC lot

    Well-maintained two-story duplex in Key West's Midtown East.

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    Key West Corner Duplex Lot
    Key West Corner Duplex Lot

    2330 Staples Avenue, Key West, FL 33040

    $999,000
    693 sqft 0.15 AC lot

    Spacious duplex lot with redevelopment potential in Key West.

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    Old Town Multifamily Investment
    Old Town Multifamily Investment

    909 Grinnell Street, Key West, FL 33040

    $1,899,000

    Seven market-rate units in the X-Flood Zone offer separate exterior entrances and ongoing renovations in Old Town Key West.

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    Historic Key West Duplex Opportunity
    Historic Key West Duplex Opportunity

    1306 Virginia Street, Key West, FL 33040

    $1,369,000
    1,428 sqft 0.08 AC lot

    Legal duplex in Old Town Key West with investment potential.

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    Waterfront Land for Sale
    Waterfront Land for Sale

    Key West, FL 33040

    $799,000

    For-sale waterfront land in Monroe County with highway-mile-marker access on Overseas Highway.

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    Key West Residential Duplex
    Key West Residential Duplex

    1612 Laird Street, Key West, FL 33040

    $1,354,000
    1,904 sqft 0.14 AC lot

    Residential duplex with long-term rentals in place.

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    Two-Building Apartment Income Property
    Two-Building Apartment Income Property

    818 Elizabeth Street, Key West, FL 33040

    $3,799,000

    Two-building multifamily asset with eight updated one-bedroom, one-bath units suited for staff housing or rental ownership.

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    Key West Multifamily Investment Opportunity
    Key West Multifamily Investment Opportunity

    818 Elizabeth Street, Key West, FL 33040

    $3,799,000
    3,797 sqft 0.18 AC lot

    Eight updated units on a 5,575 SqFt lot in Key West.

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    Waterfront RV Resort Lot with Dock
    Waterfront RV Resort Lot with Dock

    Key West, FL 33040

    $1,175,000

    Turnkey Platinum bayside RV lot in Bluewater Key Luxury RV Resort, offered with a private dock and outdoor tiki hut.

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    Key West Duplex with Income
    Key West Duplex with Income

    2004 Patterson Avenue, Key West, FL 33040

    $925,000
    1,239 sqft 0.12 AC lot

    Well-maintained duplex in Key West with income potential.

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    Key West, FL Multifamily Properties Market Trends and Statistics

    Explore 39 multifamily properties for sale in Key West, FL, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 72,929 square feet of properties for sale, with an estimated market value of $69,085,993.

    Sale prices for multifamily properties in Key West, FL start at $825,000, averaging $2,228,580, and reaching up to $9,888,000 — 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

    Duplexes 16
    Apartment buildings 11
    Triplexes 4
    Mobile home & RV parks 3
    Quadplexes 3

    Demographics Overview

    Population 36K
    Population Growth (5Y) +3.8%
    Median Household Income $79,038
    College Educated 17.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    33040 $2M

    Taxes & Financing

    Tax Rate (average for all types) 0.71%
    Property Tax per SF $10.90 per SF
    Tax Rate vs County Average 0.03 pp below 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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