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For sale
  • Price cut: $81K (9/28)
    $898,000

    10833 2nd Ave, Marathon, FL 33050

    5beds
    2,111sqft
    : 
    $5,787/mo
    Get pre-qualified
    Multi Family
    Built in 1959
    -- sqft lot
    $856,900 Zestimate®
    $425/sqft
    $-- HOA

    What's special

    Modern open-concept interiorFully renovated unitsAmple on-site parkingWell-equipped kitchenetteSpacious layout
    LETTER OF DETERMINATION WITH 3 RIGHTS | SELLER FINANCING | INCOME-PRODUCING TRIPLEX IN MARATHON Building rights are the scarcest asset in the Florida Keys, and this property comes with a Letter of Determination confirming 3 rights. That makes it an opportunity to hold, improve, or reposition a triplex in the Middle Keys with the entitlements already documented. Seller financing is available: $500,000 down over a 5-year term at a competitive rate, a real advantage in today's rate environment. The Property: Three fully renovated units, all currently leased: Unit 1: 2BR/1BA, spacious layout, modern open-concept interior Unit 2: 2BR/1BA, fully renovated Unit 3: Efficiency with a well-equipped kitchenette, ideal for a single tenant or short-term renter Tenants are on flexible month-to-month leases, which gives a buyer immediate cash flow and room to change course later. Ample on-site parking keeps the property easy to manage. Location: In the heart of Marathon, minutes from shops, restaurants, and everything the Middle Keys lifestyle offers. Who It's For: Investors building a rental portfolio, or an owner-occupant who wants to live in one unit and let the other two help cover the cost of ownership. Schedule your private showing today. Properties with documented building rights and owner financing don't come along often in Marathon.
    71 days
    247
    21

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristin Herold 310-421-5543,

    Coldwell Banker Schmitt Islamorada

    Source: FLKMLS,MLS#: 620847MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Cooling
      • Wall/Window Unit(s), Ceiling Fans(s)
      Appliances
      • Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave
      Interior area
      • Total structure area: 2,111
      • Total interior livable area: 2,111 sqft

      Property

      Accessibility
      • Accessibility features: Parking
      Lot
      • Size: 4,356 Square Feet
      Details
      • Parcel number: 00333710000000
      • Zoning: RM - Residential Medium

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Concrete
      Condition
      • Year built: 1959

      Community & HOA

      Community
      • Subdivision: Key Colony Sub (53.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Marathon

      Financial & listing details

      • Price per square foot: $425/sqft
      • Tax assessed value: $578,648
      • Annual tax amount: $6,477
      • Date on market: 8/3/2026
      • Listing terms: Seller Finance Psble

        Estimated market value

        $856,900

        $814,000 - $900,000

        Not available

        Price history

        DateEventPrice
        9/28/2026Price change$898,000-8.3%$425/sqft
        Source: FLKMLS #620847 Report a problem
        8/3/2026Listed for sale$979,000+15.2%$464/sqft
        Source: FLKMLS #620847 Report a problem
        1/14/2024Listing removed--
        Source: FLKMLS #606009 Report a problem
        10/11/2023Listed for sale$850,000$403/sqft
        Source: Key West AOR #606009 Report a problem
        9/13/2023Contingent$850,000$403/sqft
        Source: Key West AOR #606009 Report a problem
        7/17/2023Listed for sale$850,000+277.9%$403/sqft
        Source: Key West AOR #606009 Report a problem
        8/11/2016Sold$224,900$107/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,478 +7.5%$487,604 +21%
        2023$6,026 +11.5%$402,978 +10%
        2022$5,407 +14.7%$366,344 +10%
        2021$4,713 +1.5%$333,040 +0.7%
        2020$4,643 $330,736 -3.3%
        2019$4,643 +4.2%$342,106 -0.9%
        2018$4,456 +6.8%$345,242 +38.9%
        2017$4,171 +13.4%$248,487 +39.7%
        2016$3,678 +19.9%$177,898 -15%
        2015$3,069 $209,395
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33050

        Getting around

        43 / 100
        Car-Dependent
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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