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

Overview

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.

Listing Details MLS# 616010

Location, Tax & Legal

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
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

Contract Information

Listing Board: Key West Association
As is Rght to Inspct: Yes
Bank Owned: No

General Property Description

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

Status Change Info

Under Contract Date: 2026-02-13
Sold Date: 2026-03-27

Association Info

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

License Info

# of City License: 2

More Information

Building Style

Above Flood: Unknown

Financial Status

Bank Owned: No

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.

Fee Includes

None: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

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

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Laminate: Yes
Tile: Yes

Interior Features

Quartz Countertops: Yes

Windows/Doors

French Doors: Yes
Glass Doors: Yes

Vehicle Storage

Off Street Parking: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Unfurnished: Yes

Terms

Assumable: Yes
Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes

Porch/Balcony

Open Porch/Balcony: Yes
Patio: Yes

Title

Negotiable: Yes

Exterior Features

Fencing: Yes
Shed: Yes

Roof

Metal Roof: Yes

Shutters

Panel: Yes

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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