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    Key West, FL Residential Income Properties for Sale

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    Stock Island, FL Summerland Key, FL Cudjoe Key, FL
    40 properties
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    Two-Cottage Short-Term Rental Property
    Updated: Oct 19
    Two-Cottage Short-Term Rental Property

    830 Johnson Lane, Key West, FL 33040

    $1,500,000
    1,050 sqft 0.07 AC lot
    Two separate cottages, each with one bedroom and one bathroom
    1,050 square feet on a 0.07‑acre lot
    Built in 1938; zoned HHDR - Historic High Dens
    Detached guest house with kitchen, living room, and loft
    Composite deck between the buildings; off‑street parking and outdoor shower
    View details
    Duplex with Unfinished Third Floor
    Updated: Sep 23
    Duplex with Unfinished Third Floor

    646 William Street, Key West, FL 33040

    $1,400,000
    1,780 sqft 0.09 AC lot
    Two‑and‑a‑half‑story duplex with 1,780 square feet
    Four finished bedrooms and three bathrooms
    Unfinished third floor is not configured as living space
    0.09‑acre property zoned HHDR - Historic High Dens
    Built in 1928; frame construction with metal roof
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    Four-Unit Quadplex with Pool
    Four-Unit Quadplex with Pool

    1501 Truman Avenue, Key West, FL 33040

    $3,750,000
    2,214 sqft 0.10 AC lot

    Three units carry transient rental licenses, while the fourth is leased monthly.

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    Waterfront Duplex with Bonus Suite
    Waterfront Duplex with Bonus Suite

    Key West, FL 33040

    $2,499,999
    3,568 sqft

    Self-contained residences offer private entrances, kitchens, laundry areas, and air-conditioning systems for flexible occupancy arrangements.

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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

    Separate living areas and SF - Single Family zoning give this Key West property a two-unit configuration.

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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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    2-Unit Duplex
    2-Unit Duplex

    1300 Ashby St, Key West, FL 33040

    $1,350,000
    1,760 sqft

    Two distinct living spaces offer residential flexibility, with window-unit cooling and vinyl flooring.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    1300 Ashby Street, Key West, FL 33040

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

    Updated duplex with separate living spaces and SF-1 zoning in Midtown.

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    Duplex with Private Yard
    Duplex with Private Yard

    1126 Grinnell Street, Key West, FL 33040

    $1,195,000
    875 sqft 0.03 AC lot

    Two independent one-bedroom residences offer separate living spaces within a compact historic-neighborhood property.

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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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    Mixed-Use Corner Property
    Mixed-Use Corner Property

    218 Whitehead Street, Key West, FL 33040

    $4,200,000
    7,755 sqft

    Six retail suites and a three-bedroom apartment combine commercial and residential occupancy in one property.

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    Improved Four-Unit Quadplex
    Improved Four-Unit Quadplex

    1224 2nd Street, Key West, FL 33040

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

    Four two-bedroom residences span two levels, with extensive balcony space serving the upper-floor units.

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    Mixed-Use Property with Storefront
    Mixed-Use Property with Storefront

    1011 Whitehead Street, Key West, FL 33040

    $3,795,000
    2,024 sqft 0.03 AC lot

    Three furnished one-bedroom residences feature individual kitchens and transient rental licenses.

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    Short-Term Rental Property
    Short-Term Rental Property

    1401 Atlantic Boulevard, Key West, FL 33040

    $3,295,000
    2,530 sqft

    A three-residence setup pairs a monthly-rental home with two detached, transient-licensed guest suites.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    1911 Seidenberg Avenue, Key West, FL 33040

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

    Legal duplex with separate metering, screened porches, off-street parking, and updated interiors in Key West.

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    Mixed-Use Property with Storefront
    Mixed-Use Property with Storefront

    1011 Whitehead Street, Key West, FL 33040

    $3,795,000
    2,024 sqft 0.03 AC lot

    Three furnished, licensed residences complement a street-facing commercial unit.

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    Multi-Unit Residential Property
    Multi-Unit Residential Property

    723 Eaton Street, Key West, FL 33040

    $6,450,000
    3,739 sqft

    Historic residential zoning and a range of included kitchen and laundry appliances support the property's residential use.

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    Key West Duplex with Redevelopment Rights
    Key West Duplex with Redevelopment Rights

    3711 Eagle Avenue, Key West, FL 33040

    $825,000
    1,464 sqft 0.14 AC lot

    CBS construction, a metal roof, and off-street parking serve this residential property near schools, shopping, beaches, and Old Town.

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    Multifamily Property with Pool
    Multifamily Property with Pool

    1503 Atlantic Boulevard, Key West, FL 33040

    $1,095,000
    2,750 sqft 0.18 AC lot

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

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    Duplex with Studio Cottage
    Duplex with Studio Cottage

    2004 Patterson Avenue, Key West, FL 33040

    $899,000
    1,239 sqft 0.12 AC lot

    Two separate residences combine a primary home with a flexible studio cottage configuration.

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    Income-Generating Triplex with Three Units
    Income-Generating Triplex with Three Units

    1821 Harris Avenue, Key West, FL 33040

    $1,500,000
    3,687 sqft

    Three 3-bedroom, 2-bath units are currently leased on long-term terms, including a single-level front unit.

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    Oceanfront Duplex Property
    Oceanfront Duplex Property

    1430 Vernon Avenue, Key West, FL 33040

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

    Two-story property with HCT zoning, separate electric meters, and direct ocean frontage.

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    Mixed-Use Income Property with Tall Ceilings
    Mixed-Use Income Property with Tall Ceilings

    402 Applerouth Ln, Key West, FL 33040

    $2,490,000
    5,000 sqft

    Mixed-use building with residential and commercial units and tall ceilings in an X Flood Zone location.

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    8-Unit Apartment Property
    8-Unit Apartment Property

    818 Elizabeth Street, Key West, FL 33040

    $3,650,000
    3,797 sqft 0.13 AC lot

    Two buildings hold updated one-bedroom, one-bathroom residences in Old Town Key West.

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    Key West, FL Residential Income Properties Market Trends and Statistics

    Explore 42 residential income properties for sale in Key West, FL, showcased through 40 active listings on our real estate platform. These investment opportunities span a total of 89,751 square feet of properties for sale, with an estimated market value of $106,412,997.

    Sale prices for residential investment properties in Key West, FL start at $150,000, averaging $2,660,324, 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

    Multifamily properties 35
    Duplexes 13
    Short term rental properties 9
    Apartment buildings 8
    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 $2.3M

    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 Residential Income pricing trends in Monroe County

    Residential Income

    How Realmo verifies these figures

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    Popular Searches in Key West, FL

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    Most Searched ZIP Codes in Key West, FL

    • 33040

    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: (305) 294-5155
    www.keysrealestate.com
    Truman & Co. Real Estate Services
    1205 Truman Avenue Key West, FL 33040
    Phone: (305) 292-2244
    www.trumanandcompany.com
    KeysLifestyle Real Estate
    2011 Flagler Ave Key West, FL
    Phone: (305) 296-7686
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