2007 Flagler Avenue, Key West, FL 33040 (MLS# 616010)

2007 Flagler Avenue, Key West, FL 33040

$1,269,999

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 2,102 Lot Size (sq. ft.): 5,000 Status: Active

Current Price: $1,269,999 List Date: 8/01/2025 Last Modified: 12/11/2025

Description

Discover a smart investment opportunity and a relaxed lifestyle right in Key West's Midtown. This actively leased duplex is ideally located, just steps from Key West High School and close to beaches, restaurants and postcard-worthy sunsets. With two spacious units, the property generates a robust monthly income of $9000, totaling approximately $108,000 annually. Whether you're an investor looking for strong returns or a buyer dreaming of island living with built-in income, this property delivers exceptional flexibility. Live in one unit and lease the other, or rent out both for maximum cash flow. The interiors are updated, offering generous bedrooms and a flexible layout. Zoned for multi-family use and located on a 5000 sq ft lot, this 2-story duplex is an excellent opportunity for savvy buyers looking for both ROI and tropical tranquility in paradise.

More Information MLS# 616010

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Bank Owned: No Current Price: $1,269,999 Listing Date: 2025-08-01 List Price: $1,269,999

Location, Tax & Legal

KW Neighborhood: Midtown East City: KEY WEST Mile Marker: 3 Marathon Neighborhood: N/A Side: Median Flood Zone: AE Alternate Key #: 1045853 Parcel #: 00045260-000000 Zoning: CL - Limited Commercial Deed Restrictions: Unknown Legal: KW KW REALTY COS FIRST SUB PB1-43 LOT 2 SQR 3 TR 21 OR137-215/16 OR673-460 OR943-528 OR1625-1046/47 OR2622-1930/31 OR285 Taxes: 7180.26 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 2007 Street Name: Flagler Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Key West Realty Cos Sub (3.0) Area: 03 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot SqFt: 5000 Pool: No Lot Sqft Source: Tax Records Total Units: 0 Acres: 0.11 SqFt Source: Tax Records Rentals Allowed: With Restrictions Min Rental Days: 30 Style: Duplex Year Built: 1938 Living Apx SqFt: 2102 Total Bedrooms: 6 Full Baths: 5 Total Baths: 5

Remarks & Misc

Remarks – Consumer: Discover a smart investment opportunity and a relaxed lifestyle right in Key West's Midtown. This actively leased duplex is ideally located, just steps from Key West High School and close to beaches, restaurants and postcard-worthy sunsets. With two spacious units, the property generates a robust monthly income of $9000, totaling approximately $108,000 annually. Whether you're an investor looking for strong returns or a buyer dreaming of island living with built-in income, this property delivers exceptional flexibility. Live in one unit and lease the other, or rent out both for maximum cash flow. The interiors are updated, offering generous bedrooms and a flexible layout. Zoned for multi-family use and located on a 5000 sq ft lot, this 2-story duplex is an excellent opportunity for savvy buyers looking for both ROI and tropical tranquility in paradise.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

License Info

# of City License: 2

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Ductless: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Laminate: 1 Tile: 1

Interior Features

Quartz Countertops: 1

Building Style

Above Flood: Unknown

Windows/Doors

French Doors: 1 Glass Doors: 1

Vehicle Storage

Off Street Parking: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Assumable: 1 Cash: 1 Conventional: 1 FHA: 1 VA: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Title

Negotiable: 1

Exterior Features

Fencing: 1 Shed: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No

Shutters

Panel: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air; Ductless Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Quartz Countertops Appliances: Dryer; Microwave; Range; Refrigerator; Washer Exterior Features: Fencing; Shed Construction: Frame Shutters: Panel Floor: Laminate; Tile Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Assumable; Assumable; Cash; Conventional; FHA; VA Title: Negotiable

Listing Office: Keller Williams Key West Compass Realty

Last Updated: December - 11 - 2025

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