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818 Elizabeth Street, Key West, FL 33040

$4,849,000
Property Type: Commercial Sale Bedrooms: 10 Baths: 10 Square Footage: 5,317 Lot Size (sq. ft.): 8,042 Status: Active
Current Price: $4,849,000 List Date: 9/24/2025 Last Modified: 2/10/2026

Overview

Description

Rare Multi-Family Investment Opportunity in Old Town Key West. This unique property is comprised of nine units, including eight updated one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. 3 buildings situated on a 8,042 SqFt lot. It offers an exceptional opportunity for employers seeking staff housing, investors interested in a 1031 Exchange, or those considering a condo conversion. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.

Listing Details MLS# 616601

Location, Tax & Legal

Street #
818
Street Name
Elizabeth
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unlisted (1.0)
County
Monroe
Area
02 - Key West
KW Neighborhood
Old Town-N of Truman
City
KEY WEST
Off Shore Island
No
Mile Marker
1
Marathon Neighborhood
N/A
Side
N/A
Flood Zone
X
Alternate Key #
1018830
Parcel #
00018340-000000
Zoning
HDR - High Density Residential
Legal
KW PT LOT 14 OF TR 5 G70-74/75 OR2499-572 OR2503-1936 OR2582-1047/52 OR3205-1772
Taxes
22622.75
Tax Year
2024

Contract Information

Listing Board
Key West Association
Limited Representation
No
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Multi-Family
Style
Residential Income
Lot SqFt
8042
Waterfront
No
# Stories
2
Total # Buildings
3
Building SqFt
5317
Living Apx SqFt
5317
Total Units
10
Year Built
1928
Total Bedrooms
10
Full Baths
10
Total Baths
10
Control Depth
0

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

Remarks & Misc

Remarks – Consumer
Rare Multi-Family Investment Opportunity in Old Town Key West. This unique property is comprised of nine units, including eight updated one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. 3 buildings situated on a 8,042 SqFt lot. It offers an exceptional opportunity for employers seeking staff housing, investors interested in a 1031 Exchange, or those considering a condo conversion. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.

License Info

Non Trans Rntl Lic
Yes

Type

Apartment 3 or more
Yes

Fee Includes

Other
Yes

Dockage

None
Yes

Cooling

Wall/Window Unit(s)
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Vehicle Storage

Off Street Parking
Yes

Construction

ICFs (Insulated Concrete Forms)
Yes

Land Size

Less Than 1/4 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes
Separate Meters
Yes

Miscellaneous

Sprinkler System
Yes
Other Miscellaneous
Yes

Roof

Metal Roof
Yes

Property Features

License Info: Non Trans Rntl Lic Type: Apartment 3 or more Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Miscellaneous: Sprinkler System; Other Miscellaneous Construction: ICFs (Insulated Concrete Forms) Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: Other
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: February - 10 - 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.