New ListingExcellent opportunity to own an income-producing duplex conveniently located near Bayview Park and adjacent to the desirable Meadows neighborhood of Key West! This property features two one-bedroom, one-bathroom residences, each with its own private entrance, outdoor space, full kitchen, washer and dryer, and dedicated off-street parking space. Separate water and electric meters provide added convenience and flexibility. Both residences are currently tenant-occupied, generating a combined rental income of $5,400 per month, or $64,800 annually. Unit 1 is leased through April 30, 2027, and Unit 2 through February 28, 2027, offering an opportunity for continued rental income or potential owner occupancy as leases expire. Whether you're looking to expand your investment portfolio, live in one residence while renting the other, or explore future multigenerational living arrangements, this duplex offers versatility in a convenient Key West location. Enjoy proximity to Bayview Park, neighborhood amenities, shopping, dining, and all that Key West has to offer!
| MLS # | 621978 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 3 |
| Listing Provided By | Key West Vacation Properties & Realty, LLC (KW) | Jaime M Caballero |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 918 |
| Units | 2 |
| Zoning | HMDR - Historic Medium Density R |
| Acreage | 0.08 |
| Water Front | None |
| Property View | No Waterview |
| Property | 9474 |
|---|
| State | FL |
|---|---|
| County | Monroe |
| City | KEY WEST |
| Zip Code | 33040 |
| Area | 03 Key West |
| Community Name | Knights Sub (2.0) |
| Listing VS Median (in Knights Sub (2.0)) | |
Price: $1,150,000 low | high Med: $1,774,500 sqft: 918 low | high Med: 1,386 $ / sqft: $1,253 low | high Med: $1,273 On site: 3 low | high Med: 10.5 | |
| State | FL |
|---|---|
| County | Monroe |
| City | KEY WEST |
| Zip Code | 33040 |
| Area | 03 Key West |
| Community Name | Knights Sub (2.0) |
| Listing VS Median (in Knights Sub (2.0)) | |
Price: $1,150,000 low | high Med: $1,774,500 sqft: 918 low | high Med: 1,386 $ / sqft: $1,253 low | high Med: $1,273 On site: 3 low | high Med: 10.5 | |