For sale

Price cut: $10K (12/21)

$1,259,999

2007 Flagler Ave, Key West, FL 33040

6beds

2,102sqft

Est.:

Duplex, Multi Family

Built in 1938

-- sqft lot

$1,209,400 Zestimate^®

$599/sqft

$-- HOA

What's special

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.

143 days

312

8

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 5

Cooling

Central Air, Ductless, Ceiling Fans(s)

Appliances

Included: Washer, Microwave, Range, Refrigerator, Dryer

Features

Quartz Countertops
Flooring: Tile, Laminate
Doors: French Doors, Glass Doors
Windows: Panel

Interior area

Total interior livable area: 2,102 sqft

Property

Parking

Parking features: Off Street

Features

Patio & porch: Open Porch/Balcony, Patio
Fencing: Fenced
Water view: None
Waterfront features: None, Dockage: None

Lot

Size: 4,791.6 Square Feet
Features: Less Than 1/4 Acre

Details

Additional structures: Shed(s)
Parcel number: 00045260000000
Zoning: CL
Zoning description: Limited Commercial

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family
Attached to another structure: Yes

Materials

Frame
Roof: Metal

Condition

Year built: 1938

Utilities & green energy

Sewer: Municipal Sewer, Public Sewer
Utilities for property: FKAA, Buyer to Verify

Community & HOA

Community

Subdivision: Key West Realty Cos Sub (3.0)

HOA

Has HOA: No
Services included: None

Location

Region: Key West

Financial & listing details

Price per square foot: $599/sqft
Tax assessed value: $807,788
Annual tax amount: $7,180
Date on market: 8/1/2025
Listing terms: Assumable,FHA,VA Loan,Conventional,Cash

Estimated market value

$1,209,400

$1.15M - $1.27M

$4,318/mo

Price history

Date	Event	Price
12/21/2025	Price change	$1,259,999-0.8%$599/sqft
Source: FLKMLS #616010 Report a problem
12/11/2025	Price change	$1,269,999-0.4%$604/sqft
Source: FLKMLS #616010 Report a problem
9/9/2025	Price change	$1,275,000-1.9%$607/sqft
Source: Key West AOR #616010 Report a problem
8/1/2025	Listed for sale	$1,300,000+86%$618/sqft
Source: Key West AOR #616010 Report a problem
9/24/2020	Sold	$699,000$333/sqft
Source: FLKMLS #590164 Report a problem