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2616 Patterson Avenue, Key West, FL 33040
$1,400,000
Property Type:
Residential
Bedrooms:
8
Baths:
4
Square Footage:
2,880
Lot Size (sq. ft.):
5,000
Status:
Closed
Current Price:
$1,400,000
List Date:
8/05/2025
Last Modified:
9/27/2025
Description
LEGAL QUADPLEX SPECIAL! Located in the heart of the island, this TURNKEY four unit concrete FORTRESS features two 2/1 units up and two similar units down and has NEVER FLOODED. Recently completed upgrades include a complete outside facelift and new impact doors and windows, in addition to all new wiring from the street to the meters.
From a solid metal roof to tile floors throughout - this building is top to bottom FLAWLESS. Did I mention there is plenty of on site parking?
Ample room to add a pool and hot tub!!
A savvy investor will purchase as a stable cash cow, a primary resident can occupy one unit through a 3.5% down FHA loan and collect solid rental income, or a creative builder could convert it to two duplexes and sell the highly sought after ROGO units. Whichever position you are in - DO NOT DELAY - this will not last. Seller is motivated and ready to make a deal. Recent appraisal in HAND.
More Information MLS# 616054
Contract Information
Current Price: $1,400,000
Listing Date: 2025-08-05
Listing Board: Marathon/Lower Keys
Sold Price: $1,400,000
Location Tax Legal
Street #: 2616
Street Name: Patterson
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: Multi-Units
Waterfront: No
Control Depth: 3
Pool: No
Year Built: 1963
Total Units: 4
Lot SqFt: 5000
Lot Sqft Source: Tax Records
Acres: 0.11
Living Apx SqFt: 2880
SqFt Source: Tax Records
Total Bedrooms: 8
Full Baths: 4
Total Baths: 4
Rentals Allowed: With Restrictions
Status Change Info
Sold Date: 2025-09-26
Sold Price: $1,400,000
Sold Comments: 30K credit from seller to buyer at closing
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Property Features
Fee Includes: None
Tax Exemptions: Homestead
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Split Level
Utilities: Buyer to Verify; FKAA
Appliances: Range
Construction: Concrete
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Terms: Cash; FHA
Listing Office: Internet Realty of the Florida Keys
Last Updated: September - 27 - 2025
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.
