909 & 913 Thomas Street, Key West, FL 33040

$2,378,000
Property Type: Residential Bedrooms: 8 Baths: 8 Square Footage: 3,532 Lot Size (sq. ft.): 7,667 Status: Contingent/Show
Current Price: $2,378,000 List Date: 7/21/2025 Last Modified: 12/18/2025

Description

Situated in the heart of Old Town Key West, this exceptional multi-family property offers four well-maintained 2-bedroom, 2-bathroom apartments—perfectly positioned for strong, consistent rental income. Just a short stroll to Duval Street, renowned restaurants, the Truman Waterfront, and local attractions, this property is ideally located for long-term or monthly rentals. Each unit features a private entrance, full kitchen, and a bright, functional layout, making it a turnkey opportunity for investors. The property also includes a 3,898 sq ft vacant lot directly behind the main building, offering rare development or expansion potential. The lot benefits from a dedicated access strip that connects directly to the frontage road, providing valuable street access and enhancing its usability for future projects. Whether you're looking to expand your portfolio, develop additional units, or simply hold a high-demand rental asset with room to grow, this is a rare find in one of Key West's most desirable neighborhoods.

More Information MLS# 615878

Contract Information

Listing Board: Marathon/Lower Keys Current Price: $2,378,000 Listing Date: 2025-06-21 List Price: $2,378,000

Location, Tax & Legal

KW Neighborhood: Bahama Village City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Median Alternate Key #: 1015237 & 1015211 Zoning: HMDR - Historic Medium Density Residential Deed Restrictions: Unknown Taxes: 11277 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 909 & 913 Street Name: Thomas Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Old Town - Unlisted (1.0) Area: 02 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot SqFt: 7666.83 Pool: No Lot Sqft Source: Property Data Card SqFt Source: Property Data Card Rentals Allowed: With Restrictions Style: Multi-Units Year Built: 1968 Living Apx SqFt: 3532 Total Bedrooms: 8 Full Baths: 8 Total Baths: 8

Remarks & Misc

Remarks – Consumer: Situated in the heart of Old Town Key West, this exceptional multi-family property offers four well-maintained 2-bedroom, 2-bathroom apartments—perfectly positioned for strong, consistent rental income. Just a short stroll to Duval Street, renowned restaurants, the Truman Waterfront, and local attractions, this property is ideally located for long-term or monthly rentals. Each unit features a private entrance, full kitchen, and a bright, functional layout, making it a turnkey opportunity for investors. The property also includes a 3,898 sq ft vacant lot directly behind the main building, offering rare development or expansion potential. The lot benefits from a dedicated access strip that connects directly to the frontage road, providing valuable street access and enhancing its usability for future projects. Whether you're looking to expand your portfolio, develop additional units, or simply hold a high-demand rental asset with room to grow, this is a rare find in one of Key West's most desirable neighborhoods.

Association Info

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

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Oven: 1 Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Building Style

Above Flood: No

Construction

CBS: 1 Combo Construction: 1 Concrete: 1

Land Size

More than 1 Lot: 1

Utilities

Buyer to Verify: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Status Change Info

Contingent: Contingent/Show Status: Contingent/Show

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Appliances: Dishwasher; Dryer; Oven; Range; Refrigerator Construction: CBS; Combo Construction; Concrete Pets: Pets Allowed Land Size: More than 1 Lot
Listing Office: Buy The Keys
Last Updated: December - 18 - 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.