818 Elizabeth Street, Key West, FL 33040 (MLS# 616601)

818 Elizabeth Street, Key West, FL 33040

$4,950,000

Property Type: Commercial Sale Bedrooms: 10 Baths: 10 Square Footage: 5,317 Lot Size (sq. ft.): 8,042 Status: Active

Current Price: $4,950,000 List Date: 9/24/2025 Last Modified: 12/01/2025

Description

Rare Multi-Family Investment Opportunity in Old Town Key West. This unique property is comprised of nine units, including eight updated one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. 3 buildings situated on a 8,042 SqFt lot. It offers an exceptional opportunity for employers seeking staff housing, investors interested in a 1031 Exchange, or those considering a condo conversion. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.

More Information MLS# 616601

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $4,950,000 Listing Date: 2025-09-24 List Price: $4,950,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Off Shore Island: No Mile Marker: 1 Marathon Neighborhood: N/A Side: N/A Flood Zone: X Alternate Key #: 1018830 Parcel #: 00018340-000000 Zoning: HDR - High Density Residential Legal: KW PT LOT 14 OF TR 5 G70-74/75 OR2499-572 OR2503-1936 OR2582-1047/52 OR3205-1772 Taxes: 22622.75 Tax Year: 2024 Street #: 818 Street Name: Elizabeth Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unlisted (1.0) County: Monroe Area: 02 - Key West

General Property Description

Realtor.COM Type: Multi-Family Waterfront: No Control Depth: 0 Lot Size: 50.8 X 154 Lot SqFt: 8042 Total Units: 10 # Stories: 2 Total # Buildings: 3 Building SqFt: 5317 Style: Residential Income Living Apx SqFt: 5317 Year Built: 1928 Total Bedrooms: 10 Full Baths: 10 Total Baths: 10

Remarks & Misc

Remarks – Consumer: Rare Multi-Family Investment Opportunity in Old Town Key West. This unique property is comprised of nine units, including eight updated one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. 3 buildings situated on a 8,042 SqFt lot. It offers an exceptional opportunity for employers seeking staff housing, investors interested in a 1031 Exchange, or those considering a condo conversion. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

License Info

Non Trans Rntl Lic: 1

Type

Apartment 3 or more: 1

Fee Includes

Other: 1

Dockage

None: 1

Cooling

Wall/Window Unit(s): 1

Waterfront

None: 1

Waterview

No Waterview: 1

Vehicle Storage

Off Street Parking: 1

Construction

ICFs (Insulated Concrete Forms): 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1 Separate Meters: 1

Miscellaneous

Sprinkler System: 1 Other Miscellaneous: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

License Info: Non Trans Rntl Lic Type: Apartment 3 or more Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Miscellaneous: Sprinkler System; Other Miscellaneous Construction: ICFs (Insulated Concrete Forms) Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: Other

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: December - 01 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.