Property profile

440-442 48Th Street Ocean Marathon, FL 33050

FOR SALE
Apartment buildings
Property ID
US18-3268124
Built 1981
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Property summary

AI-generated overview

This exceptional three-story, 1981-built duplex in Marathon, Florida, presents a unique blend of residential and investment potential. Situated on a spacious 7,500 square foot lot, the property boasts two individual apartments, each featuring three bedrooms and two bathrooms. Enjoy breathtaking views from expansive east and west-facing balconies in each unit. The property includes a valuable 75-foot concrete seawall, an extended wooden dock, and a convenient fish-cleaning station, perfect for enjoying the Florida Keys lifestyle. Located in a prime location, restaurants, shops, and attractions are all within walking distance. This multifamily property offers unparalleled possibilities, whether you choose to reside in one unit and rent the other, or rent both as long-term rentals or vacation rentals (minimum 7-night stays with an approved vacation license). The asking price is $1,999,999. This coastal property offers charm, comfort, and significant income potential, making it an ideal investment opportunity in the desirable Florida Keys market. The property is located at 442 48th Street Ocean, Marathon, FL 33050, in Monroe County.

Property profile

Verified
Property type Apartment buildings
Year built 1981
UPID US18-3268124

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Homestay

Location

440-442 48Th Street Ocean Marathon, FL 33050
Marathon metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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