1018 Georgia Street, Key West, FL 33040

$1,100,000

Virtual Tour

https://www.zillow.com/view-imx/78625cf6-703e-404e-b247-d0669c4ec345?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,452 Lot Size (sq. ft.): 3,042 Status: Active

Current Price: $1,100,000 List Date: 2/21/2026 Last Modified: 2/27/2026

Description

Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.

Open Houses

Saturday, February 28, 10:00 am - 2:00 pm

Sunday, March 01, 3:00 pm - 5:00 pm

More Information MLS# 618760

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Species List: No Current Price: $1,100,000 Listing Date: 2026-02-21 List Price: $1,100,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 2 Marathon Neighborhood: N/A Side: Median Flood Zone: 0.2 PCT ANNUAL CHANC Alternate Key #: 1034771 Handicap Access: No Parcel #: 00033870-000000 Zoning: HMDR - Historic Medium Density Residential Deed Restrictions: No Legal: KW PT OF TR 14 G12-259 OR711-313L/E OR714-668/69 OR714-665/67 OR1464-327AFFD OR1752-1083/84 OR1814-122D/C OR2534-1792/93 Taxes: 7823.52 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 1018 Street Name: Georgia Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Casa Gato (2.0) Area: 03 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot SqFt: 3042 Pool: No Lot Sqft Source: Tax Records Total Units: 0 Acres: 0.07 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 28 Style: Duplex Year Built: 1943 Living Apx SqFt: 1452 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard. Directions: Coming down Truman Ave turn left onto Georgia St . 1018 Georgia St

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dryer: 1 More Appliances: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Wall/Window Unit(s): 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1 Wood: 1

Neighborhood Feature

Bike Paths: 1 Other Area Features: 1

Interior Features

Built-in Cabinets: 1 Dade County Pine: 1 Granite Counter Top: 1 Sky Light(s): 1 Smoke Alarms: 1

Building Style

Above Flood: Yes Stories: 2 Stories

Windows/Doors

Aluminum Windows: 1 Impact Rstnce Window: 1

Security

No Security: 1

Construction

Frame: 1 Hardi Board Siding: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 Seller Finance Psble: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1 Roof Top Deck: 1

Title

Title Ins - Buyer: 1

Exterior Features

Fencing: 1 Shed: 1

Roof

Metal Roof: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Furnished: Unfurnished Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Built-in Cabinets; Dade County Pine; Granite Counter Top; Sky Light(s); Smoke Alarms Appliances: Dryer; More Appliances; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Fencing; Shed Construction: Frame; Hardi Board Siding Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Bike Paths; Other Area Features Security: No Security Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; Seller Finance Psble Title: Title Ins - Buyer

Listing Office: Coldwell Banker Schmitt Real Estate Co. (KW)

Last Updated: February - 27 - 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.

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