1018 Georgia Street, Key West, FL 33040
$999,999
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
1,452
Lot Size (sq. ft.):
3,042
Status:
Active
Current Price:
$999,999
List Date:
2/21/2026
Last Modified:
4/08/2026
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 $2,600/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.
More Information MLS# 618760
Contract Information
Current Price: $999,999
Listing Date: 2026-02-21
Listing Board: Florida Keys
List Price: $999,999
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: Old Town - Unlisted (1.0)
Area: 02 - 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)
Heating: Heat Pump
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
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 Key Largo
Last Updated: April - 08 - 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.
