2007 Flagler Avenue, Key West, FL 33040
$1,269,999
Property Type:
Residential
Bedrooms:
6
Baths:
5
Square Footage:
2,102
Lot Size (sq. ft.):
5,000
Status:
Active
Current Price:
$1,269,999
List Date:
8/01/2025
Last Modified:
12/11/2025
Description
Discover a smart investment opportunity and a relaxed lifestyle right in Key West's Midtown. This actively leased duplex is ideally located, just steps from Key West High School and close to beaches, restaurants and postcard-worthy sunsets. With two spacious units, the property generates a robust monthly income of $9000, totaling approximately $108,000 annually.
Whether you're an investor looking for strong returns or a buyer dreaming of island living with built-in income, this property delivers exceptional flexibility. Live in one unit and lease the other, or rent out both for maximum cash flow. The interiors are updated, offering generous bedrooms and a flexible layout. Zoned for multi-family use and located on a 5000 sq ft lot, this 2-story duplex is an excellent opportunity for savvy buyers looking for both ROI and tropical tranquility in paradise.
More Information MLS# 616010
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Bank Owned: No
Current Price: $1,269,999
Listing Date: 2025-08-01
List Price: $1,269,999
Location, Tax & Legal
KW Neighborhood: Midtown East
City: KEY WEST
Mile Marker: 3
Marathon Neighborhood: N/A
Side: Median
Flood Zone: AE
Alternate Key #: 1045853
Parcel #: 00045260-000000
Zoning: CL - Limited Commercial
Deed Restrictions: Unknown
Legal: KW KW REALTY COS FIRST SUB PB1-43 LOT 2 SQR 3 TR 21 OR137-215/16 OR673-460 OR943-528 OR1625-1046/47 OR2622-1930/31 OR285
Taxes: 7180.26
Tax Year: 2024
Pub Sewer HkUp: Yes
Street #: 2007
Street Name: Flagler
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Key West Realty Cos Sub (3.0)
Area: 03 - Key West
General Property Description
Realtor.COM Type: Multi-family
Waterfront: No
Control Depth: 0
Lot SqFt: 5000
Pool: No
Lot Sqft Source: Tax Records
Total Units: 0
Acres: 0.11
SqFt Source: Tax Records
Rentals Allowed: With Restrictions
Min Rental Days: 30
Style: Duplex
Year Built: 1938
Living Apx SqFt: 2102
Total Bedrooms: 6
Full Baths: 5
Total Baths: 5
Remarks & Misc
Remarks – Consumer: Discover a smart investment opportunity and a relaxed lifestyle right in Key West's Midtown. This actively leased duplex is ideally located, just steps from Key West High School and close to beaches, restaurants and postcard-worthy sunsets. With two spacious units, the property generates a robust monthly income of $9000, totaling approximately $108,000 annually.
Whether you're an investor looking for strong returns or a buyer dreaming of island living with built-in income, this property delivers exceptional flexibility. Live in one unit and lease the other, or rent out both for maximum cash flow. The interiors are updated, offering generous bedrooms and a flexible layout. Zoned for multi-family use and located on a 5000 sq ft lot, this 2-story duplex is an excellent opportunity for savvy buyers looking for both ROI and tropical tranquility in paradise.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 2
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Ductless: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Laminate: 1
Tile: 1
Interior Features
Quartz Countertops: 1
Building Style
Above Flood: Unknown
Windows/Doors
French Doors: 1
Glass Doors: 1
Vehicle Storage
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Terms
Assumable: 1
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Patio: 1
Title
Negotiable: 1
Exterior Features
Fencing: 1
Shed: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Shutters
Panel: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air; Ductless
Utilities: Buyer to Verify; FKAA; Municipal Sewer
Interior Features: Quartz Countertops
Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Exterior Features: Fencing; Shed
Construction: Frame
Shutters: Panel
Floor: Laminate; Tile
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Assumable; Assumable; Cash; Conventional; FHA; VA
Title: Negotiable
Listing Office:
Keller Williams Key West Compass Realty
Last Updated: December - 11 - 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.