909 Grinnell Street, Key West, FL 33040
$1,899,000
Property Type:
Commercial Sale
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! Priced at less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime Old Town 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 attractions 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# 615914
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
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: HDR - High Density Residential
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
Street #: 909
Street Name: Grinnell
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
General Property Description
Realtor.COM Type: Multi-Family
Waterfront: No
Control Depth: 0
Lot Size: 93 X 29 irregular
Lot SqFt: 3002
Total Units: 7
# Stories: 2
SqFt Source: Tax Records
Total # Buildings: 1
Building SqFt: 2790
Style: Commercial
Living Apx SqFt: 2790
Year Built: 1976
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! Priced at less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime Old Town 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 attractions 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.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 7
Non Trans Rntl Lic: 1
Type
Apartment 3 or more: 1
Fee Includes
None: 1
Dockage
None: 1
Accounts & Meters
# Sewer Accounts: 2
# Water Meters: 2
# Electric Meters: 3
Property Info
# Efficiencies: 2
1 Bed/Bath: 3
2 Bed/Bath: 1
Cooling
Central Air: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
Buyer to Verify: 1
Title
Title Ins - Buyer: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Deed Restrictions: Unknown
License Info: Non Trans Rntl Lic
Type: Apartment 3 or more
Waterfront: None
Waterview: No Waterview
Dockage: None
Cooling: Central Air
Utilities: Buyer to Verify
Construction: CBS
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Title Ins - Buyer
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: November - 19 - 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.