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737 Olivia Street, Key West, FL 33040
$1,525,000
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
1,860
Lot Size (sq. ft.):
4,000
Status:
Closed
Current Price:
$1,525,000
List Date:
7/13/2025
Last Modified:
7/13/2025
Description
Price Reduced, Owner's motivated! This triplex is situated in a prime area of Old Town, just three blocks away from Duval Street. It presents an attractive investment opportunity with its three separate units, offering potential for rental income, extended family stays, or versatile usage. Constructed from concrete blocks in 1979, this property's main unit is currently occupied by the owners, who benefit from consistent rental earnings from the other two units, frequented by repeat monthly guests. Unit A comprises two bedrooms and one bath, spanning 768 sq. ft., while Units B and C are one-bedroom, one-bath units with 528 and 564 sq. ft. each. Each unit features its own laundry facilities and a private outdoor patio area perfect for relaxation. Additional conveniences include on-site parking and storage. The property's strategic location, mere minutes from Duval Street, restaurants, bars, beaches, historical landmarks and waterfront attractions, enhances its appeal as a multi-unit investment. Take the opportunity to explore this property today and envision its myriad possibilities!
More Information MLS# 612943
Contract Information
Current Price: $1,525,000
Listing Date: 2025-01-03
Listing Board: Key West Association
Sold Price: $1,525,000
Location Tax Legal
Street #: 737
Street Name: Olivia
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: Multi-Units
Waterfront: No
Pool: No
Year Built: 1979
Lot SqFt: 4000
Lot Sqft Source: Tax Records
Acres: 0.09
Living Apx SqFt: 1860
SqFt Source: Tax Records
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Rentals Allowed: With Restrictions
Min Rental Days: 28
Status Change Info
Sold Date: 2025-07-08
Sold Price: $1,525,000
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Vehicle Storage
Car(s): 1
Financial Status
Standard Sale: Yes
Property Features
Fee Includes: None
Tax Exemptions: Homestead
License Info: Non Trans Rntl Lic
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Ground Level
Furnished: Furnished; Negotiable; Partially
Cooling: Wall/Window Unit(s)
Utilities: FKAA
Specialty Rooms: Laundry Room; Utility Room
Appliances: Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Detached Guest Qtrs; Fencing; Outdoor Shower; Shed; Storage
Accessibility Feat: Parking
Construction: Combo Construction; Concrete
Floor: Laminate; Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: July - 13 - 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.
