SELLER FINANCING AVAILABLE | TURNKEY INCOME TRIPLEX IN THE HEART OF MARATHON
Welcome to a fully renovated, income-producing triplex in one of the Florida Keys' most sought-after markets. With three updated units generating consistent revenue in gross rental income, this is a rare turnkey opportunity for investors -- or a smart way for an owner-occupant to live for free while collecting rent from the other two units.
The Property:
Unit 1 -- 2BR/1BA, spacious layout, modern open-concept interior, currently leased
Unit 2 -- 2BR/1BA, fully renovated, currently leased
Unit 3 -- Efficiency unit with well-equipped kitchenette, ideal for a single tenant or short-term renter, currently leased
All units are fully updated, tenants are on flexible month-to-month leases (ideal for a buyer who wants immediate cash flow with future flexibility), and ample on-site parking makes this property easy to manage.
Prime Marathon location puts residents minutes from shops, restaurants, and everything the Middle Keys lifestyle has to offer.
Bonus: A Letter of Determination with 3 rights is available, and the seller is offering financing with $500,000K down over a 5 year term at a competitive rate -- a major advantage in today's rate environment.
Whether you're building a rental portfolio or looking for owner-occupied income property in the Keys, this triplex checks every box. Schedule your private showing today -- inventory like this doesn't last in Marathon.
For sale
$979,000
10833 2nd Ave, Marathon, FL 33050
5beds
2,111sqft
Multi Family
Built in 1959
-- sqft lot
$929,900 Zestimate®
$464/sqft
$-- HOA
What's special
Fully renovatedModern open-concept interiorAmple on-site parkingWell-equipped kitchenetteSpacious layoutThree updated units
- 25 days
- 673
- 24
Zillow last checked:
Listing updated:
Listed by:
Kristin Herold 310-421-5543,
Coldwell Banker Schmitt Islamorada
Source: FLKMLS,MLS#: 620847
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: $464/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
$929,900
$883,000 - $976,000
$3,169/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Listed for sale | $979,000+15.2%$464/sqft |
Source: | ||
| 1/14/2024 | Listing removed | -- |
Source: | ||
| 10/11/2023 | Listed for sale | $850,000$403/sqft |
Source: | ||
| 9/13/2023 | Contingent | $850,000$403/sqft |
Source: | ||
| 7/17/2023 | Listed for sale | $850,000+277.9%$403/sqft |
Source: | ||
| 8/11/2016 | Sold | $224,900$107/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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





