1018 Georgia Street, Key West, FL 33040 (MLS# R11168914)
$1,100,000
Key West, FL 33040
MLS# R11168914
3042 sqft
1 / 32
Property Description
Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.
Details
Contract Information
Comp Sale YN: No
Listing Contract Date: 2026-03-05
Status: Active
Original List Price: 1100000
List Price: $1,100,000
Current Price: $1,100,000
Location and Legal
County Or Parish: Monroe
County Parish Name: Monroe
City Name: Key West
Postal Zip: 33040
Geographic Area: Other
Country: United States
Street Number: 1018
Street Name: Georgia
Street Suffix: Street
State Or Province: FL
Postal Code: 33040
Subdivision Name: Casa Gato (2.0)
Area: 5940 - Other Florida County
High School: Key West
Parcel Number: 00033870000000
Zoning: HMDR - Historic
Directions: Coming down Truman Ave turn left onto Georgia St . 1018 Georgia St
Currently Not Used
Number Of Units Total: 3
General Property Information
Living Area Main: 1452
Lot Size Dimensions: 25.67 x 118.50
Gated Community YN: No
Lot Size Area: 3042
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: 2
Pool Private YN: No
Property Sub Type: Duplex
Building Area Main: 3042
Building Area Source: Public Records
Year Built: 1942
Lot Size Acres: 0.07
Office/Member Information
DXORIGMLSID: RML
Association Amenities
Baseball/Softball Field: 1
Basketball Court: 1
Park: 1
Playground: 1
Sidewalks: 1
Tennis Court(s): 1
Electric
Three Phase: 1
Flooring
Tile: 1
Wood: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Documents Available
None: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes
Structure Type
Duplex: 1
Tenant Pays
Electricity: 1
Water: 1
Other Structures
Shed(s): 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Sewer Available: 1
Water Available: 1
Heating
Window/Wall: 1
Water Access
None: 1
Construction Materials
Frame: 1
Wood Siding: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Owner Will Carry: 1
VA Loan: 1
Lot Features
Room for Pool: 1
Roof
Metal: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 0
Gross Income: 0
Source Of Expenses
Owner Provided: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Restrictions
Historic Designation: 1
Lease Restrictions: 1
Storm Protection
Impact Glass: Complete
Tax Information
No Homestead: 1
Showing Details
Pet(s) on Premises: No
Outdoor Living Spaces
Deck: 1
Patio: 1
Porch: 1
Patio Details
Patio - Covered: 1
Patio - Open: 1
Porch Details
Porch - Open: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 5100
Baths Full: 2
Beds Total: 2
Furnished: Unfurnished
SqFt: 822
Unit 1 Interior Features
Split Bedroom Plan: 1
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
On Street: 1
Unit 1 Patio/Porch
Patio/Porch: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Details
Actual Rent: 2700
Baths Full: 1
Beds Total: 1
Furnished: Unfurnished
SqFt: 630
Unit 2 Interior Features
Skylight(s): 1
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
On Street: 1
Unit 2 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 757.57
Acreage Description
Less Than 1/4 Acre Lot: 1
Financial Information
Tax Annual Amount: 7823.52
Tax Year: 2025
Tax Legal Description: KW PT OF TR 14 G12-259
Status Change Information
Major Change Timestamp: 2026-03-05T16:37:48Z
Major Change Type: New Listing
Status Change Date: 2026-03-05
Originating Details
Originating System Key: 20260302155136620285000000
Originating System ID: M00000170
Property Features
Association Amenities: Baseball/Softball Field; Basketball Court; Park; Playground; Sidewalks; Tennis Court(s)
Documents Available: None
Electric: Three Phase
Fencing: Fenced
Flooring: Tile; Wood
Property Condition: Resale
Structure Type: Duplex
Tenant Pays: Electricity; Water
Source Of Expenses: Owner Provided
Construction Materials: Frame; Wood Siding
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Window/Wall
Listing Terms: Cash; Conventional; FHA; Owner Will Carry; VA Loan
Lot Features: Room for Pool
Other Structures: Shed(s)
Possession: Close Of Escrow
Restrictions: Historic Designation; Lease Restrictions
Roof: Metal
Sewer: Public Sewer
Tax Information: No Homestead
Utilities: Sewer Available; Water Available
Water Access: None
Water Source: Public
Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany
Outdoor Living Spaces: Deck; Patio; Porch
Patio Details: Patio - Covered; Patio - Open
Porch Details: Porch - Open
Unit 1 Appliances: Range; Refrigerator
Unit 1 Interior Features: Split Bedroom Plan
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: On Street
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 2 Interior Features: Skylight(s)
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: On Street
Unit 2 Rooms: Kitchen
Acreage Description: Less Than 1/4 Acre Lot
Listing Office: Coldwell Banker Schmitt RE Co
Last Updated: March - 05 - 2026
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