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Florida Keys Multi-Family Homes for Sale in the Florida Keys

Buying a multi-family home for sale in the Florida Keys provides a great chance to live in this beautiful tropical destination.  This type of housing includes homes like duplexes in the Keys or even triplexes or larger options.  Often, Florida Keys multi family houses offer very affordable alternatives to more traditional real estate and can allow buyers to find great deals in the area.  If this type of housing is something that you are interested in exploring, view our complete list of multi family properties available in the Florida Keys here.

Total Listings 81
Order By:

$529,000
Key Largo
Harris Ocean Park   - MM: 93.00
4 Bed, 4 Baths, 1,686 SqFt Days Listed: 45
-5.37% ($30,000) 1 Price Change : Last Change 2 Days Ago
Multi-Units - Active - Waterfront No
Side of Island: Ocean - Dockage: Boat Ramp

Unique multifamily opportunity in Harry Harris subdivision. This property features a 1,062 sq ft main unit with three bedrooms and one bathroom, plus a separate 624 sq ft studio unit complete with a full kitchen and bathroom. Located on a quiet street, this home backs up to environmentally sensitive land for ultimately privacy. Ideally located adjacent to oceanfront park with boat ramp, beach, swimming area, pavilions, playground, and sport fields/courts. Rent both units, live in one unit and rent the other, or accommodate extended family. Discover this hidden gem before its too late.

$600,000
Key Largo
Harris Ocean Park   - MM: 93.00
4 Bed, 4 Baths, 1,541 SqFt Days Listed: 200
-20.00% ($150,000) 3 Price Changes : Last Change 2 Days Ago
Duplex - Active - Waterfront No
Side of Island: Bay/Gulf - Dockage: None

Attention Investors! Or savvy homeowners can live on one side and rent the other out. This is a concrete duplex with a metal roof in 2018. Fully Fenced back yards. Parking for 4 cars. Walking distance to Harry Harris Park with a beach, boat ramp, and playground. This Tavernier location provides convenient access to the Key Largo and Islamorada workforce housing. This property will pay for itself and will appreciate in market value.

$689,000
Big Pine Key
Port Pine Heights   - MM: 29.00
4 Bed, 4 Baths, 1,584 SqFt Days Listed: 36
Duplex - Active - Waterfront No
Side of Island: Bay/Gulf - Dockage: None

FULL DUPLEX on Big Pine Key - a RARE find! 2 bedrooms and 1 bath on each side with a private screened balcony.This stilted duplex sits on a corner lot of 9200 square feet located in a quiet subdivision. Across the street is non-buildable land so plenty of privacy. Appliances included for each side - range, fridge, and washer/dryer.Two 30 amp RV connections and ample room for parking boat trailers or vehicles.Take advantage of the several parks located on Big Pine and also the nature lovers will enjoy the Blue Hole (a former rock quarry). Nearby are grocery and hardware stores, restaurants, post office, and drugstores.

$699,000
Key Colony
Marina Subdivision   - MM: 54.00
2 Bed, 2 Baths, 918 SqFt Days Listed: 70
Half Duplex - Active - Waterfront Yes
Side of Island: Ocean - Dockage: 30ft.

This charming two bedroom, two bath waterfront half duplex is the perfect combination of relaxation, convenience, and investment potential. Fully furnished, the home is move-in ready or ideal for vacation rental guests. The open-concept living and dining area offer views of the water, while the well-equipped kitchen features modern appliances and a breakfast bar for casual dining. Each bedroom is spacious, with the primary suite boasting its own private bath with walk in shower. The second bedroom also has easy access to the second full bath, making this layout perfect for families or guests. Step outside to backyard featuring new artificial turf where you can enjoy the serene waterfront setting, or take advantage of your 30-foot dock, providing direct access to the water for boating, fishing, and water sports. As an active vacation rental, this property has a proven track record of generating rental income, making it a fantastic investment opportunity. Plus, the Cabana Club membership can be transferred to the new owner, offering access to exclusive amenities including a pool, private beach, and clubhouse, further enhancing the appeal for guests and providing year-round enjoyment for you. This waterfront retreat offers the best of both worlds--an exceptional vacation getaway and an income producing rental property.

$716,000
Plantation Key
Plantation By The Sea   - MM: 87.50
2 Bed, 2 Baths, 988 SqFt Days Listed: 126
Condo - Active - Waterfront Yes
Side of Island: Ocean - Dockage: None

Welcome to this updated & turn-key 2 bedroom, 1.5 bathroom end unit, with unobstructed Ocean views, at Plantation By The Sea. Offering a spacious and well-designed floor plan, this condo effortlessly blends the kitchen, dining, and living areas, creating a perfect flow for entertaining or relaxing. This unit has two porches, one off the living room and another off the main bedroom. You can savor the ocean breeze and enjoy the oceanfront pool, which is directly downstairs from this unit.

$725,000
Key Colony
Key Colony Beach 1st Addn Amd   - MM: 53.50
2 Bed, 2 Baths, 885 SqFt Days Listed: 19
Half Duplex - Active - Waterfront Yes
Side of Island: Ocean - Dockage: Concrete

Waterfront Living in Key Colony Beach! A charming 2-bedroom, 2-bathroom half duplex situated on a wide canal in the heart of Key Colony Beach. This boaters paradise offers 37.5 feet of dockage, providing effortless access to both the Ocean and the Gulf via nearby Vaca Cut. Enjoy canal views from the large screened-in porch, perfect for relaxing or entertaining after a day on the water. Inside, this home offers a comfortable and functional layout, making it ideal for full-time living, a vacation retreat, or an investment rental. Located in the highly sought-after Key Colony Beach, youll have access to playgrounds, scenic walking paths, a par-3 golf course, Sunset Park, and popular restaurants--all just a short stroll away. Whether youre an avid boater, golfer, or simply love the laid-back island lifestyle, this home is a perfect fit. Dont miss this incredible opportunity to own a waterfront gem in the Florida Keys!

$729,000
Marathon
Reimanns Subdivision   - MM: 51.00
4 Bed, 4 Baths, 1,203 SqFt Days Listed: 166
-18.91% ($170,000) 4 Price Changes : Last Change 3 Days Ago
Duplex - Active - Waterfront No
Side of Island: Ocean - Dockage: None

Renovated duplex. Great for affordable or employee housing or live in one side and rent out the other one. 2 bedrooms and 2 baths on the left side and 2 bedrooms and 1 bath on the right side. Make this your permanent or retirement home in the Florida Keys. Lots of room to park cars and a boat or RV. Walking distance to dining and shopping.

$749,000
Key Colony
Key Colony Beach Botel   - MM: 53.50
2 Bed, 2 Baths, 902 SqFt Days Listed: 242
-6.26% ($50,000) 2 Price Changes : Last Change 69 Days Ago
Half Duplex - Active - Waterfront Yes
Side of Island: Ocean - Dockage: 32ft.Concrete

Own your very own piece of Paradise! Stilted half duplex on boating canal in Key Colony Beach with dockage. Easy access to the Atlantic Ocean. Two bedrooms, two baths, 600 sq ft enclosed downstairs storage. Upstairs porch with westerly view overlooks the water. New metal roof (2018), HVAC unit, water heater, washer, dryer, and fridge, Lifetime dock (2015). Short walk to Sparkys and The Island Fish Co.Currently a rental with Cabana Club membership.

$765,000
Key Colony
Key Colony Beach   - MM: 53.50
2 Bed, 2 Baths, 1,115 SqFt Days Listed: 220
-10.00% ($85,000) 3 Price Changes : Last Change 3 Days Ago
Half Duplex - Active - Waterfront Yes
Side of Island: Ocean - Dockage: Boat Lift30ft.Concre

Charming Waterfront Property in Key Colony Beach a 2-bedroom, 2-bath half duplex that perfectly combines comfort, style, and a prime location. This beautiful waterfront property offers an ideal tropical retreat or a lucrative investment opportunity. As you step inside, youll be greeted by a spacious interior featuring a sunroom that fills the space with natural light, creating a warm and inviting atmosphere. The modern kitchen boasts granite countertops and stainless steel appliances while having a view of your backyard. The open floor plan seamlessly connects the living and dining areas, making it perfect for entertaining guests or relaxing after a day on the water. The home features low-maintenance vinyl flooring throughout, ensuring both durability and a sleek aesthetic. Outside, youll find 30 feet of dockage equipped with a boat lift, providing direct access to the water and just a quick 5-minute boat ride to the open ocean. Whether youre a fishing enthusiast or enjoy cruising the turquoise waters, this property is a boaters dream. Additional amenities include a covered carport, within walking distance to the Cabana Club (membership required), playgrounds, restaurants, Par 3 golf course and can fuel your boat and get bait at the Key Colony Beach Marina. Driving distance to Marathon Airport, grocery stores and other local amenities. The propertys prior history as a successful vacation rental adds potential for it to become an income-producing investment. Dont miss out on this rare opportunity to own a slice of paradise in Key Colony Beach. Schedule your private tour today and experience waterfront living at its finest!

$775,000
Marathon
Vaca Village   - MM: 49.50
4 Bed, 4 Baths, 2,064 SqFt Days Listed: 28
Duplex - Active - Waterfront No
Side of Island: Bay/Gulf - Dockage: None

Motivated Sellers! Great opportunity to own FULL duplexes in Marathon! Owner financing available for qualified individuals. 2/1 on each side of duplex. Additional listing located at 396/398 50th St Gulf! Call for more details!

$775,000
Marathon
Vaca Village   - MM: 49.50
5 Bed, 5 Baths, 1,896 SqFt Days Listed: 28
Duplex - Active - Waterfront No
Side of Island: Bay/Gulf - Dockage: None

Motivated Sellers! Great opportunity to own a FULL duplex in Marathon! Owner financing available for qualified individuals. #396 is a 3BD/2BA & #398 is a 2 BD/1BA. Additional listing at 452/454 50th St Gulf. Call for more details!

$789,000
Marathon
Puerta Del Sol   - MM: 50.50
4 Bed, 4 Baths, 2,074 SqFt Days Listed: 161
-1.25% ($10,000) 1 Price Change : Last Change 2 Days Ago
Multi-Units - Active - Waterfront No
Side of Island: Ocean - Dockage: None

Triplex in the heart of Marathon. Configured as 3/1, 1/1, and studio apartment. Great income property fully occupied. On 10,000 sf lot with large storage in back. Great quiet neighborhood close to the ocean.

$790,000
Key Largo
Ocean Park Village   - MM: 92.50
5 Bed, 5 Baths, 2,197 SqFt Days Listed: 30
Multi-Units - Active - Waterfront No
Side of Island: Ocean - Dockage: None

Investors Dream in Tavernier! This multi-unit property offers three income-producing units--2BR/1BA and 1bd/1ba units upstairs and 2BR/1BA unit downstairs. The downstairs unit includes access to back and side yards and multiple spacious screened porches for relaxing in the Keys breeze. The home sits on ONE LOT accompanied by a SEPARATE VACANT LOT with scenic walking paths and lush tropical foliage. Located near a County park featuring boat ramps, a beach, swim lagoon, playground, and ball fields, this property offers endless recreation. Whether youre looking for rental income or a family retreat, this is a rare investment opportunity in a prime location!

$795,000
Plantation Key
Plantation Tropical Park   - MM: 91.00
3 Bed, 3 Baths, 2,088 SqFt Days Listed: 188
Duplex - Active - Waterfront No
Side of Island: Bay/Gulf - Dockage: None

Multi family, LEGAL duplex for sale in residential, Islamorada neighborhood. The first unit is a cozy 1 bedroom, 1 bath with a loft for storage, high ceilings and a private fenced yard.The second unit is a 2 bedroom, 1 bath. Unit 2 has cathedral tongue-in groove wood ceilings and stone wall details. It contains contemporary LED lighting and skylights to let natural light flow in. It has its own private fenced yard and a designated laundry room.Both units have been updated and received a new metal roof in 2019.Each unit has its own electric meter, making separate rentals a breeze. Unit 1 has had a stable, reliable tenant for 20 years. Unit 2 is currently vacant.This is a lucrative, stable long-term investment with multiple configurations: 1.Rent both units for maximum income.2.Owner can occupy one side while renting out the other. 3.Reconfigure the property as a single-family home.Super location! Close to shopping, schools, hospital, restaurants and boating.

$859,000
Key Colony
Key Colony Beach   - MM: 53.50
2 Bed, 2 Baths, 900 SqFt Days Listed: 127
Half Duplex - Active - Waterfront Yes
Side of Island: Ocean - Dockage: 30ft.Concrete

Half Duplex in the beautiful community of Key Colony Beach. Remodeled with top quality finishes. Entry doors are Anderson impact, windows are Dbl. Pane PGT, sliding glass doors are Low-E Anderson. All stainless appliances, granite counters, 7 insulation in ceiling throughout, tile flooring, Key Colony Beach offers convenience to its own post office, restaurants, marina, shopping, par 3 golf course, pickleball and tennis courts, basketball, bocce ball, horseshoes. Marathon Airport is only 10 minutes away, Key West International Airport is a 1-hour drive.

$898,000
Key Largo
Harris Ocean Park   - MM: 93.00
4 Bed, 4 Baths, 1,496 SqFt Days Listed: 53
Duplex - Active - Waterfront No
Side of Island: Ocean - Dockage: None

Legal Duplex, Two electric meters with two mailboxes. Concrete building with metal roof. Both apartments have been nicely updated inside & out. Mini split ACs with tankless water heaters. Each apartment is 748 sq. ft. Fully rented on a month to month, tenants want to stay or will leave with notice. $2,400.00 & $2,600.00 a month. Washer & Dryer in Storage building that both tenants can use. Upstairs is furnished downstairs is not. Just a few blocks away from a nice Oceanfront County Park. Harry Harris Park with a Doublewide float on Boat ramp, picnic areas , beach area with bathrooms, basket ball court with fields for soccer or baseball.

$899,000
Key West
Old Town Unlisted   - MM: 1.00
2 Bed, 2 Baths, 936 SqFt Days Listed: 140
-30.79% ($400,000) 2 Price Changes : Last Change 12 Days Ago
Duplex - Active - Waterfront No
Side of Island: Ocean - Dockage: None

This charming Old Town property offers the perfect blend of historic character and future potential just steps from world-famous Duval Street. Rich with the classic charm of Old Key West, this property is a blank canvas waiting for your personal touch. The permitted main home features two spacious bedrooms, a bonus den that can easily function as an additional bedroom or office, a full bathroom, and living and kitchen areas. A private courtyard leads to a non-conforming 2nd building which includes a kitchenette, living area, two additional bedrooms and 2 bathrooms which possibly could be converted to legal living quarters which would have to be applied for through the City of Key West and which additional fees would have to be paid. A covered carport provides shaded parking for one vehicle, with additional street parking available. Located just a short walk from iconic Duval Street, the Ernest Hemingway House, the historic Key West Lighthouse, Truman Waterfront Park, and the tranquil shores of Fort Zachary Taylor State Park, this Old Town retreat offers an unparalleled Key West lifestyle nestled in a prime location. Just a short stroll to world-renowned dining, vibrant nightlife, picturesque parks and the historic seaport with endless dining, entertainment, and cultural attractions nearby, this property is the perfect blend of convenience and charm.

$900,000
Conch Key
Conch Key   - MM: 62.50
6 Bed, 6 Baths, 2,704 SqFt Days Listed: 88
Duplex - Active - Waterfront No
Side of Island: Bay/Gulf - Dockage: None

Rarely available, large duplex with 3/1 units on both floors. Separate electric meters help improve your ROI. Tenants split the water bill. Great rental revenues this duplex stays rented all the time. New metal roof and electric service upgraded in 2014. separate laundry room for each unit. Barely a scratch from Irma. Gulf views from upper unit. Upper rents for $3000 and lower for $3200. Owner is a Florida real estate licensee

$915,000
Key West
D T Sweenys Dia   - MM: 1.00
6 Bed, 6 Baths, 2,050 SqFt Days Listed: 363
-49.17% ($885,000) 9 Price Changes : Last Change 2 Days Ago
Multi-Units - Active - Waterfront No
Side of Island: Ocean - Dockage: None

SELLER FINANCING NOW AVAILABLE!Attention developers and investors:Located just 2 blocks from the beach on a quiet one-way street, 1304 Elizabeth Street presents a rare opportunity for those looking to build in Key Wests beloved Casa Marina District. This is currently a legal three-unit property in the X flood zone. Additionally, the neighboring property is also available for purchase, offering the option of an even larger compound. Schedule a viewing today to explore the possibilities..

$949,000
Key West
New Town Unlisted   - MM: 2.00
4 Bed, 4 Baths, 1,224 SqFt Days Listed: 141
Duplex - Contingent - Waterfront No
Side of Island: Median - Dockage: None

Income producing, Turn-Key, Fully Renovated Duplex in Mid-Town. This property offers flexibility for use as a vacation home, primary residence, or investment opportunity with a HIGH ROI. This duplex is a proven income generator, with detailed financial records available. The property features two mirrored units, each comprising two bedrooms and one bath (4 bedrooms and two baths in total). Renovated extensively in 2019-2021, upgrades include hurricane impact windows, new AC units, a newer roof with solar-powered attic fans, and updated plumbing with PVC replacing all cast iron drain lines, installed in 2021. This meticulously updated duplex offers both modern comfort and strategic investment potential The duplex is also eligible for use as an Airbnb, as both units hold Key Wests required 28-day rental licenses with historic inquiries of at most $11K/month for peak months.

The information being provided by the Florida Keys MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated on 03-31-2025.
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