909 Grinnell Street, Key West, FL 33040

$1,899,000
Property Type: Commercial Sale Bedrooms: 7 Baths: 6 Square Footage: 2,790 Lot Size (sq. ft.): 3,002 Status: Active
Current Price: $1,899,000 List Date: 7/24/2025 Last Modified: 2/21/2026

Description

Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! Priced at less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime Old Town location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three 1-bedroom units and 2 studio units. All with separate exterior entrances. Convenient location is close to many Old Town attractions including world famous Duval St. Perfect for employee housing or income producing multi-unit property. Advanced notice required before showings and don't expect to see all six of the units at once. Please do NOT disturb tenants. This is a duplicate entry.

More Information MLS# 615914

Contract Information

Current Price: $1,899,000 Listing Date: 2025-07-23 Listing Board: Key West Association List Price: $1,899,000 Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 909 Street Name: Grinnell Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unlisted (1.0) County: Monroe Area: 02 - Key West

General Property Description

Realtor.COM Type: Multi-Family Style: Commercial Lot Size: 93 X 29 irregular Lot SqFt: 3002 Waterfront: No # Stories: 2 Total # Buildings: 1 Building SqFt: 2790 SqFt Source: Tax Records Living Apx SqFt: 2790 Total Units: 7 Year Built: 1976 Total Bedrooms: 7 Full Baths: 6 Total Baths: 6

Status Change Info

Status: Active

License Info

# of City License: 7

Association Info

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

Property Info

# Efficiencies: 2 1 Bed/Bath: 3 2 Bed/Bath: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Type: Apartment 3 or more Waterfront: None Waterview: No Waterview Dockage: None Cooling: Central Air Utilities: Buyer to Verify Construction: CBS Land Size: Less Than 1/4 Acre Fee Includes: None Title: Title Ins - Buyer
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: February - 21 - 2026
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