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Sold for $1,525,000
  • $1,525,000

    737 Olivia St, Key West, FL 33040

    3beds
    1,860sqft
    Multi Family
    Built in 1979
    -- sqft lot
    $1,530,600 Zestimate®
    $820/sqft
    $5,599 Estimated rent

    Home value

    $1,530,600

    $1.33M - $1.74M

    $5,599/mo

    Zestimate® history
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    What's special

    Price Reduced, Owner's motivated! This triplex is situated in a prime area of Old Town, just three blocks away from Duval Street. It presents an attractive investment opportunity with its three separate units, offering potential for rental income, extended family stays, or versatile usage. Constructed from concrete blocks in 1979, this property's main unit is currently occupied by the owners, who benefit from consistent rental earnings from the other two units, frequented by repeat monthly guests. Unit A comprises two bedrooms and one bath, spanning 768 sq. ft., while Units B and C are one-bedroom, one-bath units with 528 and 564 sq. ft. each. Each unit features its own laundry facilities and a private outdoor patio area perfect for relaxation. Additional conveniences include on-site parking and storage. The property's strategic location, mere minutes from Duval Street, restaurants, bars, beaches, historical landmarks and waterfront attractions, enhances its appeal as a multi-unit investment. Take the opportunity to explore this property today and envision its myriad possibilities!

    Zillow last checked:

    Listing updated:

    Listed by:

    Tammy Stiles 614-402-5906,

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Bought with:

    Tammy Stiles, 3312592

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Source: FLKMLS,MLS#: 612943MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Washer, Dryer, Refrigerator, Range, Oven, Microwave, Disposal, Stainless Steel Appliance(s)
    • Laundry: Laundry Room
    Features
    • Flooring: Tile, Wood, Laminate
    • Furnished: Yes
    Interior area
    • Total structure area: 1,860
    • Total interior livable area: 1,860 sqft

    Property

    Accessibility
    • Accessibility features: Parking
    Features
    • Levels: Ground Level
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Outdoor Shower, Storage
    • Fencing: Fenced
    Lot
    • Size: 3,920 Square Feet
    Details
    • Additional structures: Guest House, Shed(s)
    • Parcel number: 00019570000000
    • Zoning: HMDR - Historic Medium Density Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Concrete, Combo Construction
    Condition
    • Year built: 1979

    Community & HOA

    Community
    • Subdivision: Old Town - Unlisted (1.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $820/sqft
    • Tax assessed value: $1,409,242
    • Annual tax amount: $7,025
    • Date on market: 7/13/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    7/13/2025Listed for sale$1,650,000+8.2%$887/sqft
    Source: Key West AOR #612943 Report a problem
    7/8/2025Sold$1,525,000-7.6%$820/sqft
    Source: FLKMLS #612943 Report a problem
    2/15/2025Contingent$1,650,000$887/sqft
    Source: FLKMLS #612943 Report a problem
    1/3/2025Listed for sale$1,650,000$887/sqft
    Source: FLKMLS #612943 Report a problem
    10/16/2024Listing removed$1,650,000$887/sqft
    Source: FLKMLS #610069 Report a problem
    9/9/2024Price change$1,650,000-7.3%$887/sqft
    Source: Key West AOR #610069 Report a problem
    8/10/2024Price change$1,779,000-3.8%$956/sqft
    Source: Key West AOR #610069 Report a problem
    5/20/2024Listed for sale$1,850,000+131.3%$995/sqft
    Source: Key West AOR #610069 Report a problem
    4/16/2004Sold$800,000+135.3%$430/sqft
    Source: FLKMLS #93097 Report a problem
    8/3/1999Sold$340,000+21.4%$183/sqft
    Source: Public Record Report a problem
    1/7/1999Sold$280,000$151/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,947 +8.9%$737,063 +9.1%
    2024$7,300 +3.9%$675,475 +9.1%
    2023$7,025 +18.6%$619,254 +9%
    2022$5,922 +7.8%$567,993 +9%
    2021$5,492 +64.5%$521,245 +87.6%
    2020$3,338 $277,818 +4.2%
    2019$3,338 +2.8%$266,641 -3%
    2018$3,248 -2.8%$274,907 +1.1%
    2017$3,341 +1.6%$271,882 +10.7%
    2016$3,289 +2.5%$245,555 -5.3%
    2015$3,209 $259,169
    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,530,600
    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
    $1,530,600