1018 Georgia Street, Key West, FL 33040

$1,100,000
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: 3/01/2026

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

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

More Information MLS# 618760

Contract Information

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

Location Tax Legal

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 Style: Duplex Waterfront: No Pool: No Year Built: 1943 Lot SqFt: 3042 Lot Sqft Source: Tax Records Acres: 0.07 Living Apx SqFt: 1452 SqFt Source: Property Data Card Total Bedrooms: 3 Full Baths: 3 Total Baths: 3 Rentals Allowed: Yes Min Rental Days: 28

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Building Style

Above Flood: Yes Stories: 2 Stories

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: March - 01 - 2026
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