2007 Flagler Avenue, Key West, FL 33040

$875,000

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 2,102 Lot Size (sq. ft.): 5,000 Status: Closed

Current Price: $875,000 List Date: 8/01/2025 Last Modified: 3/27/2026

Description

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.

More Information MLS# 616010

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Bank Owned: No Current Price: $875,000 Listing Date: 2025-08-01 Sold Price: $875,000

Location, Tax & Legal

KW Neighborhood: Midtown East City: KEY WEST Mile Marker: 3 Marathon Neighborhood: N/A Side: Median Flood Zone: AE Alternate Key #: 1045853 Parcel #: 00045260-000000 Zoning: CL - Limited Commercial Deed Restrictions: Unknown Legal: KW KW REALTY COS FIRST SUB PB1-43 LOT 2 SQR 3 TR 21 OR137-215/16 OR673-460 OR943-528 OR1625-1046/47 OR2622-1930/31 OR285 Taxes: 7180.26 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 2007 Street Name: Flagler Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Key West Realty Cos Sub (3.0) Area: 03 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot SqFt: 5000 Pool: No Lot Sqft Source: Tax Records Total Units: 0 Acres: 0.11 SqFt Source: Tax Records Rentals Allowed: With Restrictions Min Rental Days: 30 Style: Duplex Year Built: 1938 Living Apx SqFt: 2102 Total Bedrooms: 6 Full Baths: 5 Total Baths: 5

Remarks & Misc

Remarks – Consumer: 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.

Association Info

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

License Info

# of City License: 2

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Ductless: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Laminate: 1 Tile: 1

Interior Features

Quartz Countertops: 1

Building Style

Above Flood: Unknown

Windows/Doors

French Doors: 1 Glass Doors: 1

Vehicle Storage

Off Street Parking: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Assumable: 1 Cash: 1 Conventional: 1 FHA: 1 VA: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Title

Negotiable: 1

Exterior Features

Fencing: 1 Shed: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No

Shutters

Panel: 1

Status Change Info

Sold Date: 2026-03-27 Sold Price: $875,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air; Ductless Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Quartz Countertops Appliances: Dryer; Microwave; Range; Refrigerator; Washer Exterior Features: Fencing; Shed Construction: Frame Shutters: Panel Floor: Laminate; Tile Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Assumable; Assumable; Cash; Conventional; FHA; VA Title: Negotiable

Listing Office: Keller Williams Key West Compass Realty

Last Updated: March - 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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