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

At the best location in the heart of old town you will find this great duplex on Julia street in between Duval street and Whitehead street, 86 FOOTSTEPS TO DUVAL STREET. The back is a two bedroom two bathroom with a nice back yard. And in the front is a recently renovated one bedroom with two bathrooms with high ceilings and a great loft. It has an outdoor shower. A new A/C was installed 01/24. When you are sitting on your front porch its hard to believe that you are in between the two busiest streets as Julia street is a really quiet and cute street! Dont miss out on this great opportunity!

Now priced to sell with this $50,000 price improvement! Rare 2 unit property in Old Town! Enjoy Key West living on one of our most picturesque Old Town lanes. Located in the heart of the historic district and near the seaport, everything you want in Key West is right out your door. Built in the early 1900s, over the years the home was converted into a legal 2-unit property with separate water & electric accounts. The configuration is upstairs (large 1 BR & 1 BA with a sleeping loft) and downstairs (2 BR & 1.5 BA) units, with an exterior staircase. Both units have a front & rear porch, balcony, or deck. For your parking convenience, an off-street spot is in front of the property. Lease information available upon request. Competitively priced for just $1,440,000.

Own a peace of paradise in the middle of the Florida Keys close to Sombrero Beach area. Home is right on a walking and lit bike path that leads right to Sombrero Beach. Enjoy lazy days in the hot tub and hammock while watching the sunset or jump into your boat right out of the dock just steps away from the home.This home has all impact windows and doors, jacuzzi, gazebo, bbq area, as well as a hammock. Fully renovated kitchens, bathrooms, fully furnished, as well as fully equipped kitchens. 50ft concrete dock with a deep water canal that takes approximately 15-20 minutes to reach open water.Great investment opportunity, both units are currently vacation licensed and ready to enjoy as well as rent out to vacationers looking to get away. This property has everything you need and more. This is a unique investment opportunity that rarely go up for sale, not many of them around.

Combine these two and create a HUGE Full Duplex, Single Family Home or two NEW half duplexes. Seller has complete plans for not only a Full Duplex, but already has approval for the replacement of the seawall and new 75 foot dock. Just imagine creating your own single family home, full duplex or two half duplexes..... The options and possibilities are endless here, in the Heart of The Florida Keys, Key Colony Beach! Walk or bike the entire city to: pickle ball, tennis, golf, basketball, bocce ball, 3 playgrounds, 3 restaurants, shops, post office, City Hall, Sunset Park and marina. Welcome Home

This home offers a unique opportunity for flexible living or investment! Currently configured as a single-family residence, it has been approved by the City of Key West to be reverted back to a Multi-family, allowing for up to 4 units. Easily convert the home back to two studios with bath, 1 bedroom 1 bath and a 2 bedroom 1 bath. Welcome to 1409 Truman Avenue, a stunning Key West Eyebrow home that combines historical charm with modern amenities. The spacious layout and design make it easy to transition back to a mult-family configuration of a duplex, triplex or 4 units.. Each potential unit could offer comfortable living spaces, with the square footage allowing for a range of layouts to suit tenants needs.Based on comparable rentals in the area and the square footage of this property, each unit could command an estimated monthly rent of $3k to 6k monthly, each unit (seasonal variables) providing a lucrative investment opportunity. With the strong rental demand in Key West, this property is perfectly positioned to maximize its potential.Whether youre looking to generate income, create a multi-generational living space, or invest in the vibrant Key West market, this property is a rare find. Contact us for more details and to schedule a showing!

Waterfront Duplex in Marathon - A Boaters Paradise!Discover the perfect blend of coastal living and investment potential with this waterfront duplex located on a serene canal in Marathon. Each side of this spacious property offers 2 bedrooms, 2 bathrooms, and an open living floor plan, providing comfortable living spaces with endless possibilities. Recently tented for termites with a warranty and NEW METAL ROOF COMING SOON!Live in one side and rent out the other--an ideal opportunity for generating income while enjoying the Florida Keys lifestyle.Boating enthusiasts will love the 100 feet of concrete dockage along a deep-water canal, offering direct access to the Atlantic Ocean and a nearby route to Florida Bay. Whether youre into offshore fishing, backcountry adventures, or cruising to waterfront dining, this location delivers it all.Located just a short walk to Sombrero Beach, one of the most beautiful sandy beaches in the Keys, this property offers the ultimate retreat for those seeking tranquility and adventure.Dont miss this rare opportunity to own a piece of paradise.

Behind the quintessential white picket fence you will find this delightful historic cottage currently set up as a duplex with off street parking and pool. Lots of opportunity with the ability to generate income and have your own slice of Paradise to enjoy, or marry the spaces and convert to a single family dream home. Each unit enjoys privacy from the other including separate outdoor living spaces. The front unit greets you with the charming and spacious front porch. Through the front door you will enter into an open living room and kitchen with fabulous ceiling heights, charming architectural details and 1bd/1ba plus a loft for storage. Enter the backyard oasis down a brick lined sidewalk that opens up to a sprawling deck surrounding a refreshing and sunny swimming pool. The rear unit enjoys 2bd/1ba with open kitchen/living space that leads to a covered porch overlooking the backyard retreat!

Are you ready to build??? after talking with City Planning the new owner will be able to possibly renovate the main house and build a second new house Buyer to verify...Make your offer today.Welcome to 1327 Duncan Street, this property offers a 3 bedroom 1 bath single-family home plus a separate 1 bedroom 1 bath cottage with fenced in yard, laundry area, central air condition. The main house has 12 ft ceilings, laundry room, living room, dining room, storage room with pull down attic access. There is also a large storage building in the backyard. The large lot offers many possibilities for the new owners. The two units have separate electric and water meters and sewer accounts . ..Make your offer today.

Unique 18,000 sq ft ocean front parcel with 5 units. Remember how the Key used to be? Parcel shares a boat ramp with adjacent parcel, owned bay bottom and 5 units recognized by the City of Marathon. The property contains a Triplex consisting of a 2/2 apt and two 1/1 apartments: a small cottage studio with 1 bath and a mobile home with 2 beds/1.5 baths. Triplex building sits directly on the Ocean and is currently undergoing spalling repairs. The property has been a vacation rental, but the vacation rental license is currently stopped while repairs are under way. Potential buyers have several options. The current density on RM zoning allows for two units should a prospective buyer wish to demolish the existing units, rebuild two units, and sell or retain the remaining 3 Transferable Building Rights. Letter of Determination is under the Documents Tab.

Embrace the Florida Keys lifestyle with this modern half duplex, built in 2023 and featuring 3 bedrooms and 3 baths, all designed with elegance and comfort in mind. Theres nothing better than a new property and this one does not disappoint. Beautiful white kitchen with Quartz countertops, tile flooring throughout and soaring 9 foot ceilings. 2-car garage to store all your boating gear. Picture yourself relaxing by the pool or setting out on your boat from the 49 concrete dock, making every day feel like a vacation. Currently a weekly vacation rental with upcoming bookings in place. Approx. $58K gross income in 2024 (first year renting) and to date approx. $50K on the books for 2025. The adjoining half duplex, 232 Sadowski is also for sale if you want to purchase the full duplex for extended family or additional rental income. Key Colony Beach is a resort community in the middle Florida Keys with several restaurants, a 9-hole golf course, Sunset Park, sports courts and shopping within biking or walking distance.

Imagine waking up every day in your dream waterfront home, where modern elegance meets coastal charm. This newly built property, completed in 2023, offers not just a home, but a lifestyle. With a generously sized primary suite, 2 comfortable guest rooms and 3 luxurious baths, this residence is designed for comfort and sophistication. The impressive 9-foot ceilings amplify the natural light, making every corner of the home feel inviting and spacious. The 2-car garage will store all your boating and fishing gear too. But thats not all! Step outside to your very own 49-foot dock, where you can jump on your boat and explore the breathtaking waters of the Florida Keys at your leisure. Whether youre hosting friends by the pool or enjoying a quiet evening on the couch with Netflix, this property is perfect for making lasting memories. Currently set up as a weekly vacation rental with bookings in place, start earning income right away. Approx. $50K gross income in 2024 (first year renting) with approx. $50K to date on the books for 2025. Key Colony Beach is a resort community in the middle Florida Keys with several restaurants, 9-hole golf course, sports courts and shopping within biking or walking distance. The adjoining half duplex, 230 Sadowski is also for sale if you want to purchase the full duplex for extended family or additional rental income.

Price Reduced, Owners motivated! This triplex is situated in a prime area of Old Town, just three blocks away from Duval Street. It presents an attractive investment opportunity with its three separate units, offering potential for rental income, extended family stays, or versatile usage. Constructed from concrete blocks in 1979, this propertys main unit is currently occupied by the owners, who benefit from consistent rental earnings from the other two units, frequented by repeat monthly guests. Unit A comprises two bedrooms and one bath, spanning 768 sq. ft., while Units B and C are one-bedroom, one-bath units with 528 and 564 sq. ft. each. Each unit features its own laundry facilities and a private outdoor patio area perfect for relaxation. Additional conveniences include on-site parking and storage. The propertys strategic location, mere minutes from Duval Street, restaurants, bars, beaches, historical landmarks and waterfront attractions, enhances its appeal as a multi-unit investment. Take the opportunity to explore this property today and envision its myriad possibilities!

Old Town Multi-Use PropertyLocated on Truman Avenue, this distinctive property features five legal long-term rental apartments, making it ideal for steady income or employee housing.Unit 101, a CBS building, offers the potential for commercial conversion (buyer to verify), provided the residential units remain onsite, creating valuable flexibility.Highlights include:8 bedrooms and 5 bathrooms$11,650 monthly rental incomeLocated in an X flood zoneThis property presents a unique opportunity to combine income-generating apartments with potential commercial space, all in a prime Old Town location. A investment opportunity in the heart of Key West.

Prime 2 duplexes, each a 2/1 up & 2/1 down for a total of 8 bedrooms, 4 baths. Each unit has a generous covered porch extending the living area to the outdoors. Behind and between the 2 buildings is vacant land, room for a pool or outdoor storage, etc. Off-street parking for 4 cars. Theres a lovely specimen Buttonwood tree at the entry to the property. A good investment for owner occupancy and rental income otherwise. Property Data Card is found in Documents.

NEW LISTING! Tri-Plex in Old Town Key West. Close to famous Duval Street. This historic Circa 1901 property offers almost 2700 sf ft of living space. Currently configured as three apartments but would make a grand conversion to a single-family home. Main floor offers two apartments, and the upper level has a spacious apartment with access to finished 3rd story attic space. Ideal location in the heart of Old Town near dining, shopping, and the Seaport. Unit 1: 1/1 could easily be used as a 2/1 1st floor apartment. Unit 2: 1/1 1st floor apartmentUnit 3: 2nd and 3rd floor 1/1 plus finished attic space which could be used as additional bedroom/ office space. (4 electric meters & 1 water meter) Off Street Parking!

Amazing Income Property Opportunity in Marathon, FL! Dont miss out on this incredible chance to own a stunning waterfront property that offers the best of both worlds--breathtaking ocean and bay views! Duplex featuring two units of 2 bed/ 2 bath each. Featuring 80 feet of deeded dock access, making it perfect for boating enthusiasts and anyone who dreams of life on the water. Private, heated pool & spa. A must-see to truly appreciate its beauty and potential. Whether youre looking for a personal retreat or an investment opportunity, this property will not last long on the market! Dont let it pass you by! Also features an enclosed 2/1 ofc/storage/cabana space. Bonus: Upon purchase, the buyer will instantly receive 3 months of rental income--making this an unbeatable investment opportunity!

Experience the ultimate in Florida Keys living with this coveted side-by-side duplex in the desirable Key Colony Beach community. Boasting seven spacious bedrooms and six baths, this property offers plenty of room for large families or groups and has excellent rental income potential. You can live on one side and rent the other, use both sides for extended family and friends, or rent both for maximum income potential. Soak up the warm Florida Keys sunshine while relaxing in your private swim spa or under the covered patio overlooking the serene canal, perfect for boating and fishing enthusiasts. The stunning rooftop view is the perfect spot to enjoy the beauty of the community, with its breathtaking sunrises and sunsets. Whether youre lounging in the sun or sipping on a cool drink, youll feel relaxed and rejuvenated as you take in the sights from this prime vantage point. The metal roof was recently installed in 2018, and one side of the property has a brand new AC. Take a short walk or bike to the beach, restaurants, and shops, or enjoy Key Colony Beachs many amenities, including its police department, post office, golf course, and tennis courts. Dont miss the opportunity to own your own piece of paradise in the beautiful Florida Keys.

Endless potential with this income producing 3-Story Concrete construction TRI-PLEX home with 4 bedrooms and 5 bathrooms offering ample space for large groups or multiple families. The independent guest suites are located on each floor with a private balcony! Boating enthusiasts will enjoy this deep water protected dockage in Boot Key Harbor with 4 Boat Slips including water and electric (110/30/50) at each slip! Spacious ROOF TOP deck offers a 360 view of incredible sunsets and endless stargazing! Call today for details and a tour of this Gem in the heart of Marathon! More photos coming soon.

A unique investment gem optimally positioned in the heart of the Florida Keys. This four-unit apartment building presents a fantastic opportunity for investors or business owners seeking employee housing solutions. Each of the four apartments in this building offers a comfortable living space with two bedrooms and one bathroom. Long-term tenants are currently in place. The separate metering of electricity for each unit is a thoughtful touch, allowing tenants to manage and pay for their own usage, which is a benefit for both the landlord and the tenants alike. Parking is often at a premium in the Keys, but not at this property. There is ample on-site parking available, ensuring that residents and their guests have convenient and secure places to park their vehicles. This is a significant advantage in the region and adds to the attractiveness of the property for prospective tenants. Additionally, the presence of a laundry room out back offers an added layer of convenience for residents. This shared facility means that tenants do not need to leave the comfort of their complex for laundry services, adding to the appeal of the apartments. For local business owners, this property represents a strategic investment in the future of their enterprise. With the challenge of securing affordable housing being a key factor in employee retention, owning this apartment building could be a decisive move to ensure the stability and longevity of your workforce. New owner can apply for affordable housing units and if awarded by the city would be able sell the 4 market rates off which are currently going for approx. 200k each. Inquire for details. By providing your employees with a comfortable and convenient place to live, you can foster loyalty and reduce the turnover that often plagues businesses in high-demand living areas. In summary this investment offers a rare blend of steady income potential and strategic benefits for business owners.

This historic 4 unit property was at one time a single family home and could be converted back to same. Currently configured as 3 apartments in the main building, youll find treasured Dade County Pine and hardwood floors throughout. In the downstairs apartment comprising the entire first floor there is Hansen & Bringle cabinetry, central A/C and its own washer/dryer. Upstairs are 2 studio apartments, both with outdoor space. There is a 4th studio apartment above the garage and a heated pool. All units come furnished. This is a great mid-town location and would make an excellent investment with the possibility of an owner retaining a unit for their own use while generating income.