Discover a smart investment opportunity and a relaxed lifestyle right in Key West's Midtown. This actively leased duplex is ideally located, just steps from Key West High School and close to beaches, restaurants and postcard-worthy sunsets. With two spacious units, the property generates a robust monthly income of $9000, totaling approximately $108,000 annually.Whether you're an investor looking for strong returns or a buyer dreaming of island living with built-in income, this property delivers exceptional flexibility. Live in one unit and lease the other, or rent out both for maximum cash flow. The interiors are updated, offering generous bedrooms and a flexible layout. Zoned for multi-family use and located on a 5000 sq ft lot, this 2-story duplex is an excellent opportunity for savvy buyers looking for both ROI and tropical tranquility in paradise.
Sold for $875,000
$875,000
2007 Flagler Ave, Key West, FL 33040
6beds
2,102sqft
Duplex, Multi Family
Built in 1938
-- sqft lot
$1,172,600 Zestimate®
$416/sqft
$5,030 Estimated rent
Home value
$1,172,600
$1.11M - $1.23M
$5,030/mo
Zestimate® history
Owner options
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$5,030/mo
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$5,030/mo
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$5,250/mo
Est. payment
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$5,250/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Stephanie Lynn Wise 305-563-0073,
Keller Williams Key West Compass Realty,
Sandra Lee Swan 305-563-0053,
Keller Williams Key West Compass Realty
Bought with:
outside mls - FKBR
Outside Of MLS - FKBR
Source: FLKMLS,MLS#: 616010
Originating MLS: Key West Association
Originating MLS: Key West AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Cooling
- Central Air, Ductless, Ceiling Fans(s)
Appliances
- Included: Washer, Microwave, Range, Refrigerator, Dryer
Features
- Quartz Countertops
- Flooring: Tile, Laminate
- Doors: French Doors, Glass Doors
- Windows: Panel
Interior area
- Total interior livable area: 2,102 sqft
Property
Parking
- Parking features: Off Street
Features
- Patio & porch: Open Porch/Balcony, Patio
- Fencing: Fenced
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 4,791 sqft
- Features: Less Than 1/4 Acre
Details
- Additional structures: Shed(s)
- Parcel number: 00045260000000
- Zoning: CL
- Zoning description: Limited Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Frame
- Roof: Metal
Condition
- Year built: 1938
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Buyer to Verify
Community & neighborhood
Location
- Region: Key West
- Subdivision: Key West Realty Cos Sub (3.0)
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: Assumable,FHA,VA Loan,Conventional,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Sold | $875,000-30%$416/sqft |
Source:  FLKMLS #616010 Report a problem | ||
| 3/4/2026 | Pending sale | $1,249,999$595/sqft |
Source: FLKMLS #616010 Report a problem | ||
| 2/14/2026 | Contingent | $1,249,999$595/sqft |
Source: FLKMLS #616010 Report a problem | ||
| 1/3/2026 | Price change | $1,249,999-0.8%$595/sqft |
Source: FLKMLS #616010 Report a problem | ||
| 12/21/2025 | Price change | $1,259,999-0.8%$599/sqft |
Source: FLKMLS #616010 Report a problem | ||
| 12/11/2025 | Price change | $1,269,999-0.4%$604/sqft |
Source: FLKMLS #616010 Report a problem | ||
| 9/9/2025 | Price change | $1,275,000-1.9%$607/sqft |
Source:  Key West AOR #616010 Report a problem | ||
| 8/1/2025 | Listed for sale | $1,300,000+86%$618/sqft |
Source: Key West AOR #616010 Report a problem | ||
| 9/24/2020 | Sold | $699,000$333/sqft |
Source: FLKMLS #590164 Report a problem | ||
| 3/7/2020 | Listed for sale | $699,000+16.5%$333/sqft |
Source: Key West Vacation Properties & Realty, LLC (KW) #590164 Report a problem | ||
| 6/1/2017 | Sold | $600,000+71.4%$285/sqft |
Source: Public Record Report a problem | ||
| 4/12/2013 | Sold | $350,000+11.1%$167/sqft |
Source: Public Record Report a problem | ||
| 3/30/2000 | Sold | $315,000$150/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,431 +3.5% | $807,788 +1.4% |
| 2024 | $7,180 +5.9% | $796,935 +17.5% |
| 2023 | $6,778 +9.3% | $678,170 +10% |
| 2022 | $6,200 +7.6% | $616,518 +10% |
| 2021 | $5,764 +5.3% | $560,471 +5.8% |
| 2020 | $5,475 | $529,538 +10% |
| 2019 | $5,475 +7.8% | $481,398 -5.4% |
| 2018 | $5,080 -6.1% | $509,089 +14% |
| 2017 | $5,408 +10% | $446,566 +1.6% |
| 2016 | $4,917 -0.2% | $439,391 +3.6% |
| 2015 | $4,925 | $424,325 |
Find assessor info on the county website
Neighborhood: New Town
Nearby schools
GreatSchools rating
- 3/10Horace O'bryant SchoolGrades: PK-8Distance: 0.5 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 0.2 mi
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Estimated market value
$1,172,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,172,600
- Florida
- Monroe County
- Key West
- 33040
- New Town
- 2007 Flagler Ave
Nearby cities
Nearby neighborhoods
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