909 Grinnell Street, Key West, FL 33040 (MLS# 615913)

909 Grinnell Street, Key West, FL 33040

$1,899,000

Property Type: Residential Bedrooms: 7 Baths: 6 Square Footage: 2,790 Lot Size (sq. ft.): 3,002 Status: Active

Current Price: $1,899,000 List Date: 7/24/2025 Last Modified: 11/19/2025

Description

Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! That's less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three 1-bedroom units and 2 studio units. All with separate exterior entrances. Convenient location is close to many Old Town hot spots including world famous Duval St.. Perfect for employee housing or income producing multi-unit property. Advanced notice required before showings and don't expect to see all six of the units at once. Please do NOT disturb tenants. This is a duplicate entry.

More Information MLS# 615913

Contract Information

Listing Board: Key West Association Current Price: $1,899,000 Listing Date: 2025-07-23 List Price: $1,899,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Median Flood Zone: 0.2 PCT ANNUAL CHANC Alternate Key #: 1021610 Parcel #: 00020870-000000 Zoning: HHDR - Historic High Density Residential Deed Restrictions: Unknown Legal: KW PT LOT 6 SQR 3 TR 6 OR271-249/50 OR387-305 OR616-188 OR943-963/64 OR943-2119/21 OR954-1883 OR955-2017/20 OR955-2021 Taxes: 14214.65 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 909 Street Name: Grinnell 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 Size: 93 X 29 irregular Lot SqFt: 3002 Pool: No Lot Sqft Source: Tax Records Total Units: 7 Acres: 0.07 SqFt Source: Tax Records Rentals Allowed: With Restrictions Min Rental Days: 30 Style: Multi-Units Year Built: 1976 Living Apx SqFt: 2790 Total Bedrooms: 7 Full Baths: 6 Total Baths: 6

Remarks & Misc

Remarks – Consumer: Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! That's less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three 1-bedroom units and 2 studio units. All with separate exterior entrances. Convenient location is close to many Old Town hot spots including world famous Duval St.. Perfect for employee housing or income producing multi-unit property. Advanced notice required before showings and don't expect to see all six of the units at once. Please do NOT disturb tenants. This is a duplicate entry. Directions: North side of Grinnell, in middle of block between Truman Ave and Olivia St.

Association Info

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

License Info

# of City License: 7

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Other: some appliances

Pets

Pets Allowed: 1

Cooling

Wall/Window Unit(s): 1

Waterfront

None: 1

Waterview

No Waterview: 1

Building Style

Above Flood: Yes Stories: 2 Stories

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

Buyer to Verify: 1

Title

Title Ins - Buyer: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Cooling: Wall/Window Unit(s) Utilities: Buyer to Verify Construction: CBS Pets: Pets Allowed Land Size: Less Than 1/4 Acre Title: Title Ins - Buyer

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: November - 19 - 2025

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