For sale

Price cut: $24K (5/29)

$925,000

2004 Patterson Ave, Key West, FL 33040

4beds

1,239sqft

$5,589/mo

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Duplex

Built in 1958

-- sqft lot

$874,900 Zestimate^®

$747/sqft

$-- HOA

What's special

Flexible livingComfortable living spacesPlenty of natural light

Well-maintained duplex offering flexible living and strong income potential in a desirable Key West location. The property features a charming 3-bedroom, 2-bath main home plus a separate 1-bedroom, 1-bath studio cottage—ideal for extended family, guests, or rental income. Both units are thoughtfully laid out with comfortable living spaces and plenty of natural light. Currently fully leased and income-producing, this is an excellent opportunity for investors or owner-occupants looking to offset expenses while enjoying island living.

197 days

269

14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Interior area

Total structure area: 1,239
Total interior livable area: 1,239 sqft

Property

Lot

Size: 5,227 Square Feet

Details

Parcel number: 00049830000000
Zoning: SF - Single Family

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Duplex

Materials

Combo Construction

Condition

Year built: 1958

Community & HOA

Community

Subdivision: Key West Realty Cos Sub (3.0)

HOA

Has HOA: No
Services included: Other

Location

Region: Key West

Financial & listing details

Price per square foot: $747/sqft
Tax assessed value: $725,646
Annual tax amount: $6,938
Date on market: 1/28/2026

Estimated market value

$874,900

$831,000 - $919,000

$4,034/mo

Price history

Date	Event	Price
5/29/2026	Price change	$925,000-2.5%$747/sqft
Source: Key West AOR #618352 Report a problem
4/20/2026	Price change	$949,000-5.1%$766/sqft
Source: FLKMLS #618352 Report a problem
3/31/2026	Price change	$1,000,000-7%$807/sqft
Source: FLKMLS #618352 Report a problem
2/26/2026	Price change	$1,075,000-2.3%$868/sqft
Source: Key West AOR #618352 Report a problem
1/28/2026	Listed for sale	$1,100,000+100%$888/sqft
Source: Key West AOR #618352 Report a problem
1/6/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
1/4/2021	Listed for rent	$3,200$3/sqft
Source: Zillow Rental Manager Report a problem
5/18/2007	Sold	$550,000$444/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,938 +9.6%	$695,570 +10%
2024	$6,331 +5.7%	$632,336 +10%
2023	$5,990 +10.3%	$574,851 +10%
2022	$5,429 +8.2%	$522,592 +10%
2021	$5,016 +4.2%	$475,084 +7.1%
2020	$4,814	$443,526 +10%
2019	$4,814 +9.6%	$403,205 -6.4%
2018	$4,391 -1.8%	$430,887 +4.2%
2017	$4,472 +4.7%	$413,346 -0.2%
2016	$4,270 +0.1%	$414,362 +20.5%
2015	$4,267	$343,817