LEGAL QUADPLEX SPECIAL! Located in the heart of the island, this TURNKEY four unit concrete FORTRESS features two 2/1 units up and two similar units down and has NEVER FLOODED. Recently completed upgrades include a complete outside facelift and new impact doors and windows, in addition to all new wiring from the street to the meters.From a solid metal roof to tile floors throughout - this building is top to bottom FLAWLESS. Did I mention there is plenty of on site parking?Ample room to add a pool and hot tub!!A savvy investor will purchase as a stable cash cow, a primary resident can occupy one unit through a 3.5% down FHA loan and collect solid rental income, or a creative builder could convert it to two duplexes and sell the highly sought after ROGO units. Whichever position you are in - DO NOT DELAY - this will not last. Seller is motivated and ready to make a deal. Recent appraisal in HAND.
Sold for $1,400,000 on 09/26/25
$1,400,000
2616 Patterson Ave, Key West, FL 33040
8beds
2,880sqft
Multi Family
Built in 1963
-- sqft lot
$1,459,700 Zestimate®
$486/sqft
$3,728 Estimated rent
Home value
$1,459,700
$1.39M - $1.53M
$3,728/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 26, 2025 at 12:00pm
Listed by:
Mike Kane 703-962-0720,
Internet Realty of the Florida Keys
Bought with:
Louis Condos, 3207946
Berkshire Hathaway HomeServices Knight & Gardner Realty
Mary Jo Rostien, 3207882
Berkshire Hathaway HomeServices Knight & Gardner Realty
Source: FLKMLS,MLS#: 616054
Originating MLS: Marathon/Lower Keys
Originating MLS: Marathon/Lower KeysFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Range
Interior area
- Total interior livable area: 2,880 sqft
Property
Features
- Levels: Multi/Split
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 4,791 sqft
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00050740000000
- Zoning: SF
- Zoning description: Single Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete
- Roof: Metal
Condition
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: FKAA, Buyer to Verify
Community & neighborhood
Location
- Region: Key West
- Subdivision: Key West Realty Cos Sub (3.0)
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: Cash,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Sold | $1,400,000-12.4%$486/sqft |
Source:  FLKMLS #616054 | ||
| 9/8/2025 | Contingent | $1,599,000$555/sqft |
Source:  Key West AOR #616054 | ||
| 9/2/2025 | Price change | $1,599,000-11.1%$555/sqft |
Source: FLKMLS #616054 | ||
| 8/18/2025 | Price change | $1,799,000-14.3%$625/sqft |
Source: Key West AOR #616054 | ||
| 8/5/2025 | Listed for sale | $2,100,000+577.4%$729/sqft |
Source: FLKMLS #616054 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,465 +5.1% | $997,823 +2.2% |
| 2024 | $9,957 +33.2% | $976,546 +45.3% |
| 2023 | $7,475 +11.3% | $671,883 +9% |
Find assessor info on the county website
Neighborhood: New Town
Nearby schools
GreatSchools rating
- 7/10Poinciana Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 2/10Lower Keys Academic Connections for ExcellenceGrades: 6-12Distance: 0.6 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 0.6 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,459,700
2% more+ $29,194
With Zillow Showcase(estimated)
$1,488,894