Search for Property

1018 Georgia Street, Key West, FL 33040

$1,050,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,452 Lot Size (sq. ft.): 3,042 Status: Active
Current Price: $1,050,000 List Date: 2/21/2026 Last Modified: 3/29/2026

Overview

Description

Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,600/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.

Listing Details MLS# 618760

Location, Tax & Legal

Street #
1018
Street Name
Georgia
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
KW Neighborhood
Old Town-S of Truman
City
KEY WEST
Off Shore Island
No
Mile Marker
1
Marathon Neighborhood
N/A
Side
Median
Flood Zone
0.2 PCT ANNUAL CHANC
Alternate Key #
1034771
Handicap Access
No
Parcel #
00033870-000000
Zoning
HMDR - Historic Medium Density Residential
Deed Restrictions
No
Legal
KW PT OF TR 14 G12-259
Taxes
7823.52
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Florida Keys
As is Rght to Inspct
Yes
Species List
No

General Property Description

Realtor.COM Type
Multi-family
Style
Duplex
Waterfront
No
Pool
No
Year Built
1943
Lot SqFt
3042
Lot Sqft Source
Tax Records
Acres
0.07
Living Apx SqFt
1452
SqFt Source
Property Data Card
Total Bedrooms
3
Full Baths
3
Total Baths
3
Rentals Allowed
Yes
Min Rental Days
28
Control Depth
0
Total Units
0

Association Info

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

Building Style

Above Flood
Yes
Stories
2 Stories

More Information

Remarks & Misc

Remarks – Consumer
Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,600/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.
Directions
Coming down Truman Ave turn left onto Georgia St . 1018 Georgia St

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Dryer
Yes
More Appliances
Yes
Range
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Wall/Window Unit(s)
Yes

Heating

Heat Pump
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Floor

Tile
Yes
Wood
Yes

Neighborhood Feature

Bike Paths
Yes
Other Area Features
Yes

Interior Features

Built-in Cabinets
Yes
Dade County Pine
Yes
Granite Counter Top
Yes
Sky Light(s)
Yes
Smoke Alarms
Yes

Windows/Doors

Aluminum Windows
Yes
Impact Rstnce Window
Yes
Sliding Glass Doors
Yes

Security

No Security
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Unfurnished
Yes

Terms

Cash
Yes
Conventional
Yes
FHA
Yes
Seller Finance Psble
Yes

Utilities

Elect Separate Meter
Yes
FKAA
Yes
Municipal Sewer
Yes
Water Separate Meter
Yes

Porch/Balcony

Open Porch/Balcony
Yes
Roof Top Deck
Yes

Title

Title Ins - Buyer
Yes

Exterior Features

Fencing
Yes
Shed
Yes

Roof

Metal Roof
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Furnished: Unfurnished Cooling: Ceiling Fans(s); Wall/Window Unit(s) Heating: Heat Pump Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Built-in Cabinets; Dade County Pine; Granite Counter Top; Sky Light(s); Smoke Alarms Appliances: Dryer; More Appliances; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Fencing; Shed Construction: Frame Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Bike Paths; Other Area Features Security: No Security Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; Seller Finance Psble Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Key Largo
Last Updated: March - 29 - 2026
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.
Search powered by FBS Products