Multi-Unit Investment Opportunity located in the thriving residential rental market of Old Town Key West. Fully occupied with 2 month to month tenants and 2 leases that end Dec'19, four legal non-transient rental units consisting of three 1/1 and one 2/2 with 2675sf of total leasable space. Desirable walking/biking location within a few block radius to the strong downtown tourism district. Live in the spacious 2/2 and collect income from the other three units or be an absentee owner with low-maintenance property to add to any portfolio.
Multi-familyProperty Type
1943Year Built
3,100 sq ftLot Size
$256Price/Sq.Ft.
1 spaceParking
Listed by Team Gardner/Langley• Berkshire Hathaway HomeServices Knight & Gardner Realty
*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
4
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
3,100 Sq. Ft.
Year renovated
2002
Sq. Ft.
1,692
Year built
1943
Style
Multi-Family (5+ Unit)
County
Monroe County
APN
0568 25 00031940000000
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
May 5, 2021 • Final
Renovation interior
Kitchen
Remodel
Mar 21, 2021 • Final
Roofing
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.