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1224 Flagler Avenue, Key West, FL 33040
$1,349,000
Property Type:
Residential
Bedrooms:
5
Baths:
4
Square Footage:
2,146
Lot Size (sq. ft.):
3,080
Status:
Pending
Current Price:
$1,349,000
List Date:
12/01/2025
Last Modified:
2/26/2026
Description
Step onto the grounds of 1224 Flagler Avenue and discover a versatile property brimming with possibility. This legal duplex with an additional private mother in-law suite offers flexible living arrangements and exceptional rental income potential. It's an ideal opportunity for investors, multi-generational households or anyone seeking both comfort and return. Unit B, on the right, is a stylishly updated 2 bed/1bath home featuring new flooring, a renovated kitchen with stainless steel appliances, and its own washer and dryer. Offered fully furnished and turnkey, it opens to a charming shared backyard perfect for outdoor dining, lounging, or enjoying the Key West breeze. Tucked into the back corner is the separate 1 bed/1bath mother-in-law suite, complete with its own entrance. Whether used for guests, extended family, or additional rental income, this private space adds valuable versatility. On the left, Unit A offers a comfortable 2 bed/2 bath layout with tile floors throughout, a functional kitchen with island seating, glass doors leading to a private fenced backyard, and its own washer and dryer. With a light refresh, it can easily transform into a delightful long-term residence or sought-after rental. Fully fenced along the back and side yard, the property feels tucked away yet remains moments from beaches, shops, schools, and all the charm of Old Town. Blending flexibility, strong income potential, and space to customize, 1224 Flagler Avenue is a rare Key West find perfectly suited to meet your needs while generating multiple revenue streams.
More Information MLS# 617518
Contract Information
Current Price: $1,349,000
Listing Date: 2025-12-01
Listing Board: Key West Association
List Price: $1,349,000
Potential Short Sale: No
Bank Owned: No
Location Tax Legal
Street #: 1224
Street Name: Flagler
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: East Martello Towers (2.0)
Area: 03 - Key West
General Property Description
Realtor.COM Type: Multi-family
Style: Duplex
Waterfront: No
Pool: No
Year Built: 1958
Total Units: 3
Lot SqFt: 3080
Lot Sqft Source: Property Data Card
Acres: 0.14
Living Apx SqFt: 2146
SqFt Source: Property Data Card
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
Rentals Allowed: With Restrictions
Min Rental Days: 28
Status Change Info
Contingent: Contingent/Show
Status: Pending
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Appliances
Other: 2 sets washer/dryer
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Ground Level
Vehicle Storage: Off Street Parking
Cooling: Central Air
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Built-in Cabinets; Drapes/Blinds Incl
Specialty Rooms: Laundry Room
Appliances: Dryer; Oven; Range; Refrigerator; Washer
Exterior Features: Fencing; Shed
Construction: CBS
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Listing Office: Truman & Co. (KW)
Last Updated: February - 26 - 2026
Broker Attribution:
3054324848
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.
