With only two owners in its history, this well-maintained two-story property presents a rare investment opportunity in Key West. Configured as a legal duplex with two separately metered 1-bedroom, 1-bath units, it offers exceptional flexibility--ideal for investors seeking strong rental potential, business owners looking for employee housing, or owner-occupants wanting to offset costs by renting one unit while living in the other. Set on a 5,000 sq ft lot, the property is surrounded by lush, mature tropical landscaping with a wide variety of plants and palms, creating a private, shaded, treehouse-like setting filled with natural light. Two large screened porches and additional open-air spaces provide ideal indoor-outdoor living, while an outdoor shower enhances the island lifestyle. The home has been thoughtfully updated and well cared for, featuring Mitsubishi mini-split A/C systems in both units, a new hot water heater, new ceiling fans, impact windows upstairs, new gutters, updated appliances, and soft-close cabinetry. Interior finishes include a mix of pine, vinyl, and concrete flooring, along with stainless, Formica, and butcher block countertops. Both units offer full bathrooms with tubs. Additional highlights include two off-street parking spaces, low-maintenance grounds, and multiple windows throughout for abundant natural light and airflow. Located in desirable Midtown East, just minutes from everything Key West has to offer, this is a versatile, income-producing property with strong upside potential.
| MLS # | 619758 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1943 |
| Days On Site | 113 |
| Listing Provided By | Ocean Sotheby's International Realty | Everett H Smith |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,119 |
| Zoning | SF - Single Family |
| Acreage | 0.12 |
| Water Front | None |
| Property View | No Waterview |
| Property | 7059 |
|---|
| State | FL |
|---|---|
| County | Monroe |
| City | KEY WEST |
| Zip Code | 33040 |
| Area | 03 Key West |
| Community Name | Key West Realty Cos Sub (3.0) |
| Listing VS Median (in Key West Realty Cos Sub (3.0)) | |
Price: $1,250,000 low | high Med: $1,047,000 sqft: 1,119 low | high Med: 1,707 $ / sqft: $1,117 low | high Med: $613 On site: 113 low | high Med: 127 | |
| State | FL |
|---|---|
| County | Monroe |
| City | KEY WEST |
| Zip Code | 33040 |
| Area | 03 Key West |
| Community Name | Key West Realty Cos Sub (3.0) |
| Listing VS Median (in Key West Realty Cos Sub (3.0)) | |
Price: $1,250,000 low | high Med: $1,047,000 sqft: 1,119 low | high Med: 1,707 $ / sqft: $1,117 low | high Med: $613 On site: 113 low | high Med: 127 | |