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    Key West, FL Multifamily Properties for Sale

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    Stock Island, FL Sugarloaf Key, FL Cudjoe Key, FL
    39 results
    Key West Multi-Unit Investment
    $2,250,000
    3,876 SF

    Key West Multi-Unit Investment

    912 Pohalski Street, Key West, FL 33040

    Six legal apartments with parking in Key West's Old Town.

    • Prime multi‑unit property in Old Town with six legal apartments and six off‑street parking spaces.
    • High monthly gross rents of $14,500 with limited expenses.
    • Desirable unit mix: three 1bd/1ba, two 2bd/1ba, and one 3bd/1ba.
    • Each apartment has separate electric and water meters.
    • Located on a 3,598 sq ft lot with access from two streets (Pohalski St. and Havana Lane).
    Updated: May 29
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    Key West Multi-Unit Investment
    $2,250,000
    3,876 SF

    Key West Multi-Unit Investment

    912 Pohalski Street, Key West, FL 33040

    Six legal apartments with parking in Old Town Key West.

    • Six legal apartments with six off‑street parking spaces in Old Town.
    • High monthly gross rents of $14,500 with limited expenses.
    • Separate electric and water meters for each apartment.
    • Suitable for long‑term investors, 1031 exchange, or employee housing.
    • Located in a BFE flood zone and is high and dry.
    Updated: May 31
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    Value-Add Fourplex Investment Opportunity
    $1,700,000
    3,000 SF

    Value-Add Fourplex Investment Opportunity

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

    1224 2nd Street, Key West, FL 33040
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    Legal Duplex on Spacious Lot
    $1,250,000
    2,664 SF

    Legal Duplex on Spacious Lot

    Legal duplex with rental income potential on a 10,000 SqFt lot.

    1409 4Th Street, Key West, FL 33040
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    Key West Duplex with Pool
    $1,875,000
    2,423 SF

    Key West Duplex with Pool

    Spacious duplex with pool, ideal for various living arrangements.

    1516 17th Terrace, Key West, FL 33040
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    Waterfront Duplex with Bonus Suite
    $2,699,999
    3,568 SF

    Waterfront Duplex with Bonus Suite

    Upgraded multifamily duplex with bonus suite, waterfront access, boat lift.

    Key West, FL 33040
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    Key West Duplex Redevelopment Opportunity
    $825,000
    1,464 SF

    Key West Duplex Redevelopment Opportunity

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

    3711 Eagle Avenue, Key West, FL 33040
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    Waterfront Development Opportunity in Key West
    $2,300,000
    3,415 SF

    Waterfront Development Opportunity in Key West

    Waterfront property with redevelopment potential and existing rental income.

    9 Hilton Haven Road, Key West, FL 33040
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    Charming Key West Duplex
    $1,750,000
    1,870 SF

    Charming Key West Duplex

    Versatile Old Town duplex with pool, ideal for investment.

    606 Grinnell Street, Key West, FL 33040
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    Key West Income-Producing Triplex
    $1,299,000
    2,699 SF

    Key West Income-Producing Triplex

    Triplex in Key West with strong income and parking.

    1614 Dennis Street, Key West, FL 33040
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    Redevelopment Opportunity in Old Town
    $3,485,000
    3,956 SF

    Redevelopment Opportunity in Old Town

    Six-unit redevelopment with permits in the heart of Old Town.

    709 Whitmarsh Lane, Key West, FL 33040
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    Waterfront Key West Investment Opportunity
    $4,750,000
    3,788 SF

    Waterfront Key West Investment Opportunity

    Historic Key West property with multi-family and commercial potential.

    901 Eisenhower Drive, Key West, FL 33040
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    Key West Income Producing Duplex
    $999,999
    1,452 SF

    Key West Income Producing Duplex

    Renovated duplex in Old Town Key West with income potential.

    1018 Georgia Street, Key West, FL 33040
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    Key West Legal Duplex
    $1,250,000
    1,119 SF

    Key West Legal Duplex

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

    1911 Seidenberg Avenue, Key West, FL 33040
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    Key West Corner Duplex Lot
    $999,000
    693 SF

    Key West Corner Duplex Lot

    Spacious duplex lot with redevelopment potential in Key West.

    2330 Staples Avenue, Key West, FL 33040
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    Historic Key West Duplex Opportunity
    $1,369,000
    1,428 SF

    Historic Key West Duplex Opportunity

    Legal duplex in Old Town Key West with investment potential.

    1306 Virginia Street, Key West, FL 33040
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    Historic Key West Duplex
    $1,174,000
    1,395 SF

    Historic Key West Duplex

    Charming duplex near Old Town and beaches, potential single-family conversion.

    1209 Pearl Street, Key West, FL 33040
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    Key West Legal Duplex
    $1,785,000
    1,932 SF

    Key West Legal Duplex

    Legal duplex in a quiet neighborhood, close to the beach.

    1505 Rose Street, Key West, FL 33040
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    Key West Mixed-Use Investment
    $1,625,000
    3,846 SF

    Key West Mixed-Use Investment

    Historic Key West building with commercial and residential units.

    1018 Truman Avenue, Key West, FL 33040
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    Key West Residential Duplex
    $1,354,000
    1,904 SF

    Key West Residential Duplex

    Residential duplex with long-term rentals in place.

    1612 Laird Street, Key West, FL 33040
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    Key West Multifamily Investment Opportunity
    $3,799,000
    3,797 SF

    Key West Multifamily Investment Opportunity

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

    818 Elizabeth Street, Key West, FL 33040
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    Key West Duplex with Income
    $925,000
    1,239 SF

    Key West Duplex with Income

    Well-maintained duplex in Key West with income potential.

    2004 Patterson Avenue, Key West, FL 33040
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    Key West Multifamily Compound
    $3,750,000
    3,015 SF

    Key West Multifamily Compound

    Charming multifamily compound in historic Key West, Florida.

    919-921 Thomas Street, Key West, FL 33040
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    Key West Multifamily Investment Opportunity
    $1,899,000
    2,790 SF

    Key West Multifamily Investment Opportunity

    Seven-unit multifamily property in Key West's Old Town.

    909 Grinnell Street, Key West, FL 33040
    View details

    Key West, FL Multifamily Properties Investment Opportunities Market Analysis

    Explore 41 multifamily properties for sale in Key West, FL, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 99,648 square feet of properties for sale, with an estimated market value of $80,460,997.

    Sale prices for multifamily properties in Key West, FL start at $825,000, averaging $2,298,885, and reaching up to $4,950,000 — 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

    Duplexes 18
    Apartment buildings 11
    Quadplexes 2
    Triplexes 2
    Short term rental properties 1

    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 median listing prices of real estate assets

    Neighborhood Average Price
    33040 $2.3M

    Taxes & Financing

    Tax Rate (average for all types) 0.71%
    Property Tax per SF $10.90 per sq ft
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

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