1018 Georgia Street, Key West, FL 33040

$999,999

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024-1018GeorgiaStreet-KeyWest-FL-33040-S

Property Type: Residential Income Square Footage: 3,042 Status: Active

Current Price: $999,999 List Date: 3/05/2026 Last Modified: 4/08/2026

Overview

Description

Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.

Listing Details MLS# R11168914

General Property Information

Number Of Units Total: 3
Property Sub Type: Duplex
Building Area Main: 3042
Building Area Source: Public Records
Living Area Main: 1452
Year Built: 1942
Gated Community YN: No
Lot Size Area: 3042
Lot Size Acres: 0.07
Lot Size Dimensions: 25.67 x 118.50
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: 2
Pool Private YN: No

Property Features

Association Amenities: Baseball/Softball Field; Basketball Court; Park; Playground; Sidewalks; Tennis Court(s) Documents Available: None Electric: Three Phase Fencing: Fenced Flooring: Tile; Wood Property Condition: Resale Structure Type: Duplex Tenant Pays: Electricity; Water Source Of Expenses: Owner Provided Construction Materials: Frame; Wood Siding Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Window/Wall Listing Terms: Cash; Conventional; FHA; Owner Will Carry; VA Loan Lot Features: Room for Pool Other Structures: Shed(s) Possession: Close Of Escrow Restrictions: Historic Designation; Lease Restrictions Roof: Metal Sewer: Public Sewer Tax Information: No Homestead Utilities: Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany Outdoor Living Spaces: Deck; Patio; Porch Patio Details: Patio - Covered; Patio - Open Porch Details: Porch - Open Unit 1 Appliances: Range; Refrigerator Unit 1 Interior Features: Split Bedroom Plan Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: On Street Unit 1 Rooms: Kitchen Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Interior Features: Skylight(s) Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: On Street Unit 2 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1100000

Location and Legal

Country: United States
County Or Parish: Monroe
County Parish Name: Monroe
Street Number: 1018
Street Name: Georgia
Street Suffix: Street
City Name: Key West
State Or Province: FL
Postal Code: 33040
Postal Zip: 33040
Subdivision Name: Casa Gato (2.0)
Area: 5940 - Other Florida County
Geographic Area: Other
High School: Key West
Parcel Number: 00033870000000
Zoning: HMDR - Historic
Directions: Coming down Truman Ave turn left onto Georgia St . 1018 Georgia St

Financial Information

Tax Annual Amount: 7823.52
Tax Year: 2025
Tax Legal Description: KW PT OF TR 14 G12-259

Status Change Information

Major Change Timestamp: 2026-04-08T21:34:53Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-08T21:34:53Z
Status Change Date: 2026-03-05

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Storm Protection

Impact Glass: Complete

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Actual Rent: 5100
Baths Full: 2
Furnished: Unfurnished
SqFt: 822

Unit 2 Details

Actual Rent: 2700
Baths Full: Yes
Furnished: Unfurnished
SqFt: 630

Price Calculations

Current Price To SqFt: 757.57

Originating Details

Originating System Key: 20260302155136620285000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

Baseball/Softball Field: Yes
Basketball Court: Yes
Park: Yes
Playground: Yes
Sidewalks: Yes
Tennis Court(s): Yes

Electric

Three Phase: Yes

Flooring

Tile: Yes
Wood: Yes

Property Condition

Resale: Yes

Documents Available

None: Yes

Fencing

Fenced: Yes

Structure Type

Duplex: Yes

Tenant Pays

Electricity: Yes
Water: Yes

Other Structures

Shed(s): Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Sewer Available: Yes
Water Available: Yes

Heating

Window/Wall: Yes

Water Access

None: Yes

Construction Materials

Frame: Yes
Wood Siding: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
Owner Will Carry: Yes
VA Loan: Yes

Lot Features

Room for Pool: Yes

Roof

Metal: Yes

Water Source

Public: Yes

Income and Expenses

Annual Total Expense: 0
Gross Income: 0

Source Of Expenses

Owner Provided: Yes

Cooling

Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes
Listing Agent Must Accompany: Yes

Restrictions

Historic Designation: Yes
Lease Restrictions: Yes

Tax Information

No Homestead: Yes

Outdoor Living Spaces

Deck: Yes
Patio: Yes
Porch: Yes

Patio Details

Patio - Covered: Yes
Patio - Open: Yes

Porch Details

Porch - Open: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Interior Features

Split Bedroom Plan: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

On Street: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Interior Features

Skylight(s): Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

On Street: Yes

Unit 2 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Coldwell Banker Schmitt RE Co

Last Updated: April - 08 - 2026

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1018 Georgia Street, Key West, FL 33040 (MLS# R11168914)