2007 Flagler Avenue, Key West, FL 33040

$1,249,999
Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 2,102 Lot Size (sq. ft.): 5,000 Status: Contingent/Show
Current Price: $1,249,999 List Date: 8/01/2025 Last Modified: 2/14/2026

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

Current Price: $1,249,999 Listing Date: 2025-08-01 Listing Board: Key West Association List Price: $1,249,999 As is Rght to Inspct: Yes Bank Owned: No

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

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

Status Change Info

Contingent: Contingent/Show Status: Contingent/Show

Association Info

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

License Info

# of City License: 2

Building Style

Above Flood: Unknown

Financial Status

Bank Owned: No

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: February - 14 - 2026
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