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    Key West, FL Quadplexes for Sale

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    Stock Island, FL Sugarloaf Key, FL Cudjoe Key, FL
    Value-Add Fourplex Investment Opportunity
    $1,700,000
    3,000 SF
    Value-Add Fourplex Investment Opportunity

    1224 2nd Street, Key West, FL 33040

    Fourplex with income potential after renovations in Key West, FL.
    • High income potential: Projected to generate over $200,000 annually.
    • Value‑add opportunity with major improvements completed: New roof, windows, and updated concrete already in place.
    • Condo conversion potential: Offers an additional exit strategy and income upside.
    • Reduced risk: Heavy lifting already completed, allowing for immediate upside.
    • Strong rental income potential: Projected rental income of $6,000/month for lower units and $7,000/month for upper units.
    Updated: May 1
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    Key West Townhouse Unit Complex
    $2,100,000
    750 SF
    Key West Townhouse Unit Complex

    Key West, FL 33040

    Four-unit townhouse complex on a 10,000 sq ft lot.
    • Development opportunity: 4 legally subdivided townhouse units on a 10,000 sq ft lot.
    • High income potential: Currently operating as a successful rental property with below‑market rents, offering immediate upside.
    • Value‑add potential: Opportunity to increase property value by adding a common lap pool/patio area or private pools.
    • Well‑maintained property: Continually maintained with recent upgrades including paint, new air conditioners, blinds, curtain rods, and roof screw replacement.
    • Ample parking: On‑site parking available for 10 cars.
    Updated: Jul 28, 2024
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Key West, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Homestead Fourplex Redevelopment Opportunity
    $1,250,000
    4,248 SF
    Homestead Fourplex Redevelopment Opportunity

    Income-producing property with redevelopment potential near downtown Homestead.

    430 SW 10th Ave, Homestead, FL 33030

    View details
    Remodeled Quadplex in Naples, FL
    $899,900
    0.27 Acres
    Remodeled Quadplex in Naples, FL

    Fully remodeled quadplex in the heart of Naples, Florida.

    2316 Bayside St lot: 30, Naples, FL 34112

    View details
    Homestead Income-Producing Multifamily Opportunity
    $825,000
    0.16 Acres
    Homestead Income-Producing Multifamily Opportunity

    Income property in Homestead with significant potential.

    35405 SW 192nd Ave, Homestead, FL 33034

    View details
    Downtown Naples Investment Opportunity
    $1,250,000
    0.33 Acres
    Downtown Naples Investment Opportunity

    Four-unit multifamily property in downtown Naples, walkable to amenities.

    2264 Washington Ave, Naples, FL 34112

    View details

    Key West, FL Quadplexes Investment Opportunities Market Analysis

    Explore 2 quadplexes for sale in Key West, FL on our real estate platform. These investment opportunities span a total of 3,750 square feet of properties for sale, with an estimated market value of $3,800,000.

    Sale prices for four-unit buildings in Key West, FL start at $1,700,000, averaging $1,900,000, and reaching up to $2,100,000 — 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 12
    Quadplexes 2
    Triplexes 2

    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 $1.9M

    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%

    Listings Trend

    Total CRE Area on Market Trend

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