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    Key West, FL Multifamily Properties for Sale

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    Triplex with Off-Street Parking
    Updated: Jul 24
    Triplex with Off-Street Parking

    1614 Dennis Street, Key West, FL 33040

    $1,299,000
    2,699 sqft
    Three‑unit triplex with two 2/1 units and one upstairs 3/2 unit
    Off‑street parking for up to 7 vehicles
    Built in 1968
    Located near schools, shopping, dining, and parks
    Minutes from downtown Key West
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    This listing looks promising.

    Here's a quick look at some key insights for

    1614 Dennis Street, Key West, FL 33040

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $45K
      Annual

    • Price @ 7% Cap

      $646K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1968
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    Furnished Duplex with Off-Street Parking
    Updated: Aug 31
    Furnished Duplex with Off-Street Parking

    709 Olivia Street, Key West, FL 33040

    $1,395,000
    1,092 sqft 0.05 AC lot
    Two legal units, each with 1 bedroom and 1.5 bathrooms
    1,092 square feet on a 0.05‑acre fenced corner lot
    Built in 1933 with frame construction and a metal roof
    Each unit includes a private outdoor area and laundry
    Off‑street parking, front porch, and deck
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    Two-Unit Duplex with Private Pool
    Two-Unit Duplex with Private Pool

    1300 Ashby Street, Key West, FL 33040

    $1,350,000
    1,760 sqft 0.15 AC lot

    Concrete duplex with two separate living spaces, residential appliances, and a private pool in Key West.

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    Renovated Duplex
    Renovated Duplex

    1126 Grinnell Street, Key West, FL 33040

    $1,195,000
    875 sqft 0.03 AC lot

    Two independent one-bedroom residences share a private yard and updated kitchens within HNC(1-3) zoning.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    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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    Six-Unit Multifamily Property
    Six-Unit Multifamily Property

    912 Pohalski Street, Key West, FL 33040

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

    Six legal apartments total 10 bedrooms and 6 baths with off-street parking and separate electric and water meters.

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    Six-Unit Bed And Breakfast
    Six-Unit Bed And Breakfast

    223 Eanes Lane, Key West, FL 33040

    $6,999,000
    1,630 sqft 0.12 AC lot

    Licensed transient lodging with private baths, tropical landscaping, and an outdoor pool.

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    Quadplex with Major Capital Improvements
    Quadplex with Major Capital Improvements

    1224 2nd Street, Key West, FL 33040

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

    Four two-bedroom residences in a 3,000 SF quadplex with a new metal roof and impact-resistant windows and doors.

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    Duplex with Private Pool
    Duplex with Private Pool

    1516 17th Terrace, Key West, FL 33040

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

    Corner duplex with a detached guest cottage, fenced grounds, covered parking, and a private pool.

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    Triplex with Separate Entrances
    Triplex with Separate Entrances

    1504 Flagler Avenue, Key West, FL 33040

    $1,999,999
    2,501 sqft

    Three residential units offer central air, laundry hookups, balconies, and covered parking.

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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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    Triplex with Eighty-Foot Seawall & Boat Lift
    Triplex with Eighty-Foot Seawall & Boat Lift

    Key West, FL 33040

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

    Triplex with a gated entry and self-contained units, plus a private deck overlooking the canal and an 8,000-lb boat lift.

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    Four-Unit Conch-Style Quadplex
    Four-Unit Conch-Style Quadplex

    1104 Truman Avenue, Key West, FL 33040

    $2,395,000
    3,136 sqft

    Classic island construction with covered porches, off-street parking, and flexible residential or mixed-use possibilities.

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    Historic Duplex with Private Pool
    Historic Duplex with Private Pool

    606 Grinnell Street, Key West, FL 33040

    $1,675,000
    1,870 sqft 0.06 AC lot

    Two residences offer separate access, full kitchens, living areas, and shared outdoor amenities.

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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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    Fully Renovated Duplex Income Property
    Fully Renovated Duplex Income Property

    1018 Georgia St, Key West, FL 33040

    $999,999
    1,452 sqft

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

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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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    Two-Unit Duplex
    Two-Unit Duplex

    1916 Seidenberg Avenue, Key West, FL 33040

    $1,050,000
    1,694 sqft 0.10 AC lot

    Two separately configured three-bedroom units offer flexible residential layouts with off-street parking at the rear.

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    Corner Duplex Lot with Cottage
    Corner Duplex Lot with Cottage

    2330 Staples Avenue, Key West, FL 33040

    $999,000
    693 sqft 0.15 AC lot

    Corner lot with a cottage and alley access, plus a demolished second unit ready for new construction.

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    Multifamily Property with Pool
    Multifamily Property with Pool

    1503 Atlantic Boulevard, Key West, FL 33040

    $1,350,000
    2,750 sqft 0.18 AC lot

    Renovation opportunity with a flexible multi-unit layout and concrete pool.

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    Legal Duplex with Private Driveway
    Legal Duplex with Private Driveway

    1306 Virginia Street, Key West, FL 33040

    $1,299,999
    1,428 sqft 0.08 AC lot

    Historic legal duplex with separate electric and water meters, offering two-bedroom and one-bedroom living units.

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    Duplex Property with Private Pool
    Duplex Property with Private Pool

    1409 Whalton Street, Key West, FL 33040

    $2,500,000
    1,504 sqft

    Two separate residences provide flexible occupancy, furnished interiors, and individual electric and water meters.

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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 51 multifamily properties for sale in Key West, FL, showcased through 49 active listings on our real estate platform. These investment opportunities span a total of 89,425 square feet of properties for sale, with an estimated market value of $89,605,992.

    Sale prices for multifamily properties in Key West, FL start at $150,000, averaging $2,133,476, 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 18
    Apartment buildings 11
    Triplexes 7
    Short term rental properties 6
    Quadplexes 4

    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 $1.9M

    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

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    Featured Key West Real Estate Agencies

    Realmo connects you with licensed Key West CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty
    336 Duval St Key West, FL 33040
    Phone: 13052945155
    www.keysrealestate.com
    Truman & Co. Real Estate Services
    1205 Truman Avenue Key West, FL 33040
    Phone: 13052922244
    www.trumanandcompany.com

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