Income producing Duplex in Old Town Key West! The Owner prefer to hold the financed note for a new owner. 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 $7,700/month ($92,400 annually), reflecting an estimated 9.2% 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.
For sale
Price cut: $50K (4/8)
$999,999
1018 Georgia St, Key West, FL 33040
3beds
1,452sqft
Duplex, Multi Family
Built in 1943
-- sqft lot
$-- Zestimate®
$689/sqft
$-- HOA
What's special
Fully renovatedNew roofUpstairs treetop unitUpdated kitchens and bathsImpact windowsTwo lockout unitsLarge private backyard
- 127 days |
- 346 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Diana Lynn Fiddes 305-393-0721,
Coldwell Banker Schmitt Key Largo,
Sean Farrer, P.A. 305-924-0700,
Coldwell Banker Schmitt Real Estate Co. (KW)
Source: FLKMLS,MLS#: 618760
Originating MLS: Florida Keys
Originating MLS: Florida KeysLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Heat Pump
Cooling
- Wall/Window Unit(s), Ceiling Fans(s)
Appliances
- Included: More Appliances, Stainless Steel Appliance(s), Range, Refrigerator, Dryer, Washer
Features
- Built-in Cabinets, Dade County Pine, Granite Counters
- Flooring: Tile, Wood
- Doors: Sliding Glass Doors
- Windows: Skylight(s), Impact Rstnce Window, Aluminum Frames
Interior area
- Total interior livable area: 1,452 sqft
Video & virtual tour
Property
Accessibility
- Accessibility features: No
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony, Roof Top Deck
- Fencing: Fenced
- Water view: None
- Waterfront features: None, Dock Length: 0, Dockage: None
Lot
- Size: 3,049 Square Feet
- Features: Less Than 1/4 Acre
Details
- Additional structures: Shed(s)
- Parcel number: 00033870000000
- Zoning: HMDR
- Zoning description: Historic Medium Density Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Frame
- Roof: Metal
Condition
- Year built: 1943
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA
Community & HOA
Community
- Features: Other, Bike Paths
- Security: Smoke Detector(s), No Security
- Subdivision: Old Town - Unlisted (1.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $689/sqft
- Tax assessed value: $1,007,782
- Annual tax amount: $7,823
- Date on market: 2/21/2026
- Listing terms: Seller Finance Psble,Cash,FHA,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Listed for sale | $999,999$689/sqft |
Source:  FLKMLS #618760 Report a problem | ||
| 4/28/2026 | Contingent | $999,999$689/sqft |
Source: FLKMLS #618760 Report a problem | ||
| 4/8/2026 | Price change | $999,999-4.8%$689/sqft |
Source:  Key West AOR #618760 Report a problem | ||
| 3/19/2026 | Price change | $1,050,000-4.5%$723/sqft |
Source: FLKMLS #618760 Report a problem | ||
| 2/21/2026 | Listed for sale | $1,100,000-4.3%$758/sqft |
Source: FLKMLS #618760 Report a problem | ||
| 1/6/2026 | Listing removed | $1,150,000$792/sqft |
Source: Key West AOR #617248 Report a problem | ||
| 11/8/2025 | Listed for sale | $1,150,000+253.8%$792/sqft |
Source: FLKMLS #617248 Report a problem | ||
| 9/19/2011 | Sold | $325,000$224/sqft |
Source: FLKMLS #113873 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,824 +7% | $705,723 +10% |
| 2024 | $7,314 +11.8% | $641,566 +10% |
| 2023 | $6,540 +8.7% | $583,242 +10% |
| 2022 | $6,014 +18.5% | $530,220 +10% |
| 2021 | $5,077 -2.2% | $482,018 -3.2% |
| 2020 | $5,191 | $497,799 -0.6% |
| 2019 | $5,191 -1.1% | $500,789 +8.2% |
| 2018 | $5,251 +5.3% | $462,627 -0.6% |
| 2017 | $4,989 +1.5% | $465,479 -19.2% |
| 2016 | $4,915 -7.1% | $576,234 +16.9% |
| 2015 | $5,289 | $492,813 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: White Street Gallery District
Nearby schools
GreatSchools rating
- 3/10Horace O'bryant SchoolGrades: PK-8Distance: 0.2 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 0.9 mi
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