For sale

Price cut: $24K (5/29)

$925,000

2004 Patterson Ave, Key West, FL 33040

4beds

1,239sqft

Get pre-qualified

Duplex, Multi Family

Built in 1958

-- sqft lot

$899,000 Zestimate^®

$747/sqft

$-- HOA

What's special

Comfortable 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.

152 days

269

13

Loading...

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Appliances

Included: YES

Interior area

Total interior livable area: 1,239 sqft

Property

Features

Water view: None
Waterfront features: None, Dockage: None

Lot

Size: 5,227 Square Feet
Features: Less Than 1/4 Acre

Details

Parcel number: 00049830000000
Zoning: SF
Zoning description: Single Family

Construction

Type & style

Home type: MultiFamily
Architectural style: Other Bldg Style
Property subtype: Duplex, Multi Family
Attached to another structure: Yes

Materials

Combo Construction

Condition

Year built: 1958

Utilities & green energy

Sewer: Public Sewer
Utilities for property: FKAA

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

$899,000

$854,000 - $944,000

$4,090/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

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.

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.

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

Get pre-qualified