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
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