OFF MARKET

Off market jul 2021 for $1.6M

—

Est. refi paymentEst. refi $12,750/mo

•

3,144

sq ft

1128 Packer St, Key West, FL 33040

About this home

Investor Alert! Great opportunity to own a well maintained 4 unit building in Old Town with Off Street Parking, plenty of backyard for a pool or entertaining friends and family. Property is also located in the X Flood Zone providing low flood insurance costs! All 4 units are 2 Bedrooms/1 Baths, have open floor plans with lots of windows allowing for plenty of natural light. Current rental income is below market, available upon request and can likely be increased. The 2-story building sits on a 5,000 sq. ft. lot in the heart of Old Town and has 3,100 sq. ft. of total living space. Located only a few blocks to Duval Street, the beaches, wonderful restaurants and many more of Key West attractions! Seller is motivated and says bring offers! 24 Hour notice required to show.

Multi-familyProperty Type

1933Year Built

5,000 sq ftLot Size

$525Price/Sq.Ft.

2 spacesParking

Listed by John Spottswood • Truman & Co. (KW)

Listed by Terri Spottswood • Truman & Co. (KW)

Contact: 305-395-2360

Bought with Bobby Coe IV • Coastal Collection Real Estate Inc.

Redfin checked: a few seconds ago

•Source:FLKMLS #595069

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 33040, FL

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.5%

+0.1% MoM

Median sale price

$1.0M

$100K MoM

Avg. days on market

140d

12 days MoM

Recently sold homes

114

20 MoM

New listings for sale

NEW 26 HRS AGO
$3,795,000
3 beds4 baths2,024 sq ft
1011 Whitehead St, Key West, FL 33040
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3 beds3 baths1,312 sq ft
5405 3rd Ave, Stock Island, FL 33040
3D WALKTHROUGH
$6,449,000
7 beds7.5 baths4,306 sq ft
1311 Truman Ave, Key West, FL 33040
$1,795,000
4 beds3 baths1,773 sq ft
809 Fleming St, Key West, FL 33040
$3,700,000
5 beds4.5 baths3,091 sq ft
3728 Flagler Ave, Key West, FL 33040
OPEN SUN, 12PM TO 2PM
$1,350,000
2 beds2.5 baths1,387 sq ft
5 Mccoy Cir #5, Key West, FL 33040
3D WALKTHROUGH
$5,200,000
4 beds3 baths2,058 sq ft
1100 Johnson St, Key West, FL 33040
$749,000
4 beds2 baths1,304 sq ft
6415 2nd Ter, Stock Island, FL 33040
OPEN SUN, 12:30PM TO 2:30PM
$1,399,000
3 beds3 baths1,374 sq ft
1221 Ashby St, Key West, FL 33040
$1,895,000
4 beds3.5 baths2,282 sq ft
1423 Rose St, Key West, FL 33040
See all

Provided by Redfin

Sale history for 1128 Packer St

Year

Property tax

Land + Additions

Assessment*

2025

$15,569 (+4.9%)

$725,625 + $892,845

$1,618,470

2024

$14,843 (+9.5%)

2023

$13,561 (+5.7%)

$530,625 + $867,882

$1,398,507

2022

$12,825 (+41.5%)

$457,500 + $879,909

$1,337,409

2021

$9,062 (−1.5%)

$379,688 + $459,789

$839,477

2020

$9,204 (−1.7%)

$395,625 + $465,059

$860,684

2019

$9,366 (+2.2%)

$395,625 + $465,059

$860,684

2018

$9,163 (+2.7%)

$348,750 + $486,109

$834,859

2017

$8,921 (−9.8%)

$348,750 + $444,914

$793,664

2015

$9,893 (+7.1%)

$522,422 + $408,438

$930,860

2014

$9,240

Tax history for 1128 Packer St

Year

Property tax

Land + Additions

Assessment*

2025

$15,569 (+4.9%)

$725,625 + $892,845

$1,618,470

2024

$14,843 (+9.5%)

2023

$13,561 (+5.7%)

$530,625 + $867,882

$1,398,507

2022

$12,825 (+41.5%)

$457,500 + $879,909

$1,337,409

2021

$9,062 (−1.5%)

$379,688 + $459,789

$839,477

2020

$9,204 (−1.7%)

$395,625 + $465,059

$860,684

2019

$9,366 (+2.2%)

$395,625 + $465,059

$860,684

2018

$9,163 (+2.7%)

$348,750 + $486,109

$834,859

2017

$8,921 (−9.8%)

$348,750 + $444,914

$793,664

2015

$9,893 (+7.1%)

$522,422 + $408,438

$930,860

2014

$9,240

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5,000 Sq. Ft.

Year renovated

2002

Sq. Ft.

3,144

Year built

1933

Style

Multi-Family (2-4 Unit)

County

Monroe County

APN

0568 25 00031470000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 9, 2026.

HMDR

Historic Medium Density Residential District

The historic medium density residential district HMDR is established to implement comprehensive plan policies for areas designated HMDR on the comprehensive plan future land use map. The HMDR district shall accommodate historic Old Town medium density residential development for permanent residents, including single-family, duplex, and multiple-family residential structures. The HMDR district shall provide a management framework for preserving the residential character and historic quality of the medium density residential areas within Old Town.; In addition, accessory uses, including approved home occupations conducted within the residential structure, and customary community facilities can be located in the HMDR designated area. This area shall not accommodate transient residential uses, including guesthomes, motels or hotels. Similarly, the area shall not accommodate commercial office, retail, or other commercial uses. Lawfully existing office or commercial uses shall be permitted to continue to exist as lawful nonconforming uses if such uses continue to comply with conditions invoked when the respective uses were approved. In the event the city owns the portion of the Truman Waterfront Parcel designated HMDR, the site will be developed for 100 percent affordable housing. If the site is privately owned, one-third of the dwelling units will be affordable.

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units

Property details

Parking

Parking / Garage Information
Vehicle Storage: Off Street Parking
Vehicle Storage: Car(s): 2

Interior

Interior Features
Interior Features: Built-in Cabinets, Split Bedroom, Storage
Flooring: Tile Floor
Windows/Doors: Single Hung Windows
Cooling/Heating: Ceiling Fans, Window/Wall Unit
Appliances: Range, Refrigerator
Furnished: Unfurnished

Bathroom Information
# of Full Baths: 4

Multi-Unit Information
# of Total Units: 4

Exterior

Boat Slip/Dock Information
Dockage: None

Exterior Features
Exterior Features: Fencing, Storage, Privacy Wall/Fence, Fruit Tree(s)
Porch/Balcony: Open Porch/Balcony

Property Features
Waterfront Type: None
Waterview: No Waterview

Property Information
Deed Restrictions: Unknown
Pets: Pets Allowed
Rentals Allowed: Yes
Min Rental Days: 28

Lot Information
Acres: 0.11
Zoning: HMDR - Historic Medium Density Residential
Land Size: Less Than 1/4 Acre
Flood Zone: 0.2 PCT ANNUAL CHANC

Building Information
Year Built: 1,933
Sq. Ft. Source: Property Data Card
Sq. Ft. Remarks: Buyer To Verify Square Footage
Building Style: Stories: 2
Building Style: Above Flood: Unknown
Construction: Frame
Roof: Metal Roof

Subdivision/Neighborhood
Subdivision: GG Watson Sub (1.0)
Key West Neighborhood: Old Town-S of Truman
Marathon Neighborhood: N/A

Financial

Tax Information
Taxes: $9,203
Tax Year: 2,019
Tax Exemptions: None

Financial Information
Terms: Cash, Conventional

Utilities

Utility Information
Utilities: Buyer to Verify, Municipal Sewer, FKAA, Elect Separate Meter
Has Public Sewer Hook-up

Location

Homeowners Association Information
Association Info: 1st Right of Refusal: No
Association Info: Association Fee $: 0.00
Fee Includes: None

Location Information
Side: Median
Mile Marker: 1.00

Public facts

Beds: 8
Baths: 5.0
Sq. Ft.: 3,144
Stories: 2.0
Lot Size: 5,000 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1933
Year Renovated: 2002
County: Monroe County
APN: 0568 25 00031470000000

Home facts updated by county records on Oct 9, 2026

Other

Listing Information
Attribution Contact: 305-395-2360

Around this home

Schools

Horace O'bryant School

Public PreK-8 • Assigned • 0.5mi

3/10

Key West High School

Public 9-12 • Assigned • 1.0mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

7/10 Flood Factor

Estimated 72-80% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

Heat Factor

We're working on getting current and accurate heat risk information for this home.

10/10 Wind Factor

99% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Key West, FL • 33040

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.1 hours in June and 7.3 hours in December, placing it above the U.S. average for solar exposure.

10.1 hrs

7.3 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Key West. 3 minutes to get started.

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New listings for sale in 33040

NEW 26 HRS AGO

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3 beds4 baths2,024 sq ft

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$469,000

3 beds3 baths1,312 sq ft

5405 3rd Ave, Stock Island, FL 33040

3D WALKTHROUGH

$6,449,000

7 beds7.5 baths4,306 sq ft

1311 Truman Ave, Key West, FL 33040

$1,795,000

4 beds3 baths1,773 sq ft

809 Fleming St, Key West, FL 33040

$3,700,000

5 beds4.5 baths3,091 sq ft

3728 Flagler Ave, Key West, FL 33040

OPEN SUN, 12PM TO 2PM3D WALKTHROUGH

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5 Mccoy Cir #5, Key West, FL 33040

3D WALKTHROUGH

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$749,000

4 beds2 baths1,304 sq ft

6415 2nd Ter, Stock Island, FL 33040

OPEN SUN, 12:30PM TO 2:30PM

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Home values near 1128 Packer St

Data from public records.

Address	Redfin Estimate
1125 Packer St, Key West, FL 1 Beds \| 1 Baths \| 682 Sq. Ft.	$545,903
1210 Packer St, Key West, FL 5 Beds \| 5 Baths \| 2675 Sq. Ft.	—

Address	Redfin Estimate
1123 Packer St, Key West, FL 2 Beds \| 1 Baths \| 700 Sq. Ft.	$804,060
1200 Packer St, Key West, FL 3 Beds \| 2 Baths \| 1390 Sq. Ft.	$789,031

Address	Redfin Estimate
1206 Packer St, Key West, FL 2 Beds \| 1 Baths \| 792 Sq. Ft.	$775,653
1209 Packer St, Key West, FL 4 Beds \| 4 Baths \| 2150 Sq. Ft.	—

Property information provided by FLKMLS when last listed in 2021. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 33040, FL

Sale history for 1128 Packer St

Tax history for 1128 Packer St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 33040

Home values near 1128 Packer St

More real estate resources