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

1018 Georgia Street, Key West, FL 33040

$999,999
Property Type: Residential Income Square Footage: 3,042 Status: Active
Current Price: $999,999 List Date: 3/05/2026 Last Modified: 5/01/2026

Overview

Description

Income producing Duplex in Old Town Key West! The Owner would prefer to hold the financed note for a new owner. 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 $7,700/month ($92,400 annually), reflecting an estimated 9.2% 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
2
Property Sub Type
Duplex
Building Area Main
3042
Building Area Source
Public Records
Living Area Main
1452
Living Area Source
Public Records
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

Documents Available: None Electric: Three Phase Fencing: Fenced Flooring: Engineered Wood; 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 Levels: Two Listing Terms: Cash; Conventional; FHA; Owner Will Carry; Private Financing Available; 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 Window Features: Storm Window(s) 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; Less Than 1 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
Estimated Monthly Assoc Recurring Fee
0

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

Storm Protection

Impact Glass
Complete

Showing Details

Pet(s) on Premises
No

Unit 1 Details

Actual Rent
5100
Baths Full
2
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
822

Unit 2 Details

Actual Rent
2600
Baths Full
Yes
Furnished
Unfurnished
SqFt
630

Unit 2 Lease Description

Occupant Type
Tenant

Price Calculations

Current Price To SqFt
688.7

Originating Details

Originating System Key
20260302155136620285000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Engineered Wood
Yes
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

Window Features

Storm Window(s)
Yes

Construction Materials

Frame
Yes
Wood Siding
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
Owner Will Carry
Yes
Private Financing Available
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
Less Than 1 Acre Lot
Yes
IDX
Listing Office: Coldwell Banker Schmitt RE Co
Last Updated: May - 01 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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