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 $2,600/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.
For sale
Price cut: $50K (3/19)
$1,050,000
1018 Georgia St, Key West, FL 33040
3beds
1,452sqft
Est.:
Duplex, Multi Family
Built in 1943
-- sqft lot
$-- Zestimate®
$723/sqft
$-- HOA
What's special
Fully renovatedNew roofUpdated kitchens and bathsImpact windowsTwo lockout unitsLarge private backyard
- 44 days |
- 1,119 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: March 26, 2026 at 04:26am
Listed by:
Diana Lynn Fiddes 305-393-0721,
Coldwell Banker Schmitt Key Largo,
Sean Farrer, P.A. 305-924-0700,
Coldwell Banker Schmitt Real Estate Co. (KW)
Source: FLKMLS,MLS#: 618760
Originating MLS: Florida Keys
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Heat Pump
Cooling
- Wall/Window Unit(s), Ceiling Fans(s)
Appliances
- Included: More Appliances, Stainless Steel Appliance(s), Range, Refrigerator, Dryer, Washer
Features
- Built-in Cabinets, Dade County Pine, Granite Counters
- Flooring: Tile, Wood
- Doors: Sliding Glass Doors
- Windows: Skylight(s), Impact Rstnce Window, Aluminum Frames
Interior area
- Total interior livable area: 1,452 sqft
Video & virtual tour
Property
Accessibility
- Accessibility features: No
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony, Roof Top Deck
- Fencing: Fenced
- Water view: None
- Waterfront features: None, Dock Length: 0, Dockage: None
Lot
- Size: 3,049.2 Square Feet
- Features: Less Than 1/4 Acre
Details
- Additional structures: Shed(s)
- Parcel number: 00033870000000
- Zoning: HMDR
- Zoning description: Historic Medium Density Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Frame
- Roof: Metal
Condition
- Year built: 1943
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA
Community & HOA
Community
- Features: Other, Bike Paths
- Security: Smoke Detector(s), No Security
- Subdivision: Old Town - Unlisted (1.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $723/sqft
- Tax assessed value: $1,007,782
- Annual tax amount: $7,823
- Date on market: 2/21/2026
- Listing terms: Seller Finance Psble,Cash,FHA,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2026 | Price change | $1,050,000-4.5%$723/sqft |
Source: | ||
| 2/21/2026 | Listed for sale | $1,100,000-4.3%$758/sqft |
Source: | ||
| 1/6/2026 | Listing removed | $1,150,000$792/sqft |
Source: | ||
| 11/8/2025 | Listed for sale | $1,150,000+253.8%$792/sqft |
Source: | ||
| 9/19/2011 | Sold | $325,000$224/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,824 +7% | $705,723 +10% |
| 2024 | $7,314 +11.8% | $641,566 +10% |
| 2023 | $6,540 +8.7% | $583,242 +10% |
| 2022 | $6,014 +18.5% | $530,220 +10% |
| 2021 | $5,077 -2.2% | $482,018 -3.2% |
| 2020 | $5,191 | $497,799 -0.6% |
| 2019 | $5,191 -1.1% | $500,789 +8.2% |
| 2018 | $5,251 +5.3% | $462,627 -0.6% |
| 2017 | $4,989 +1.5% | $465,479 -19.2% |
| 2016 | $4,915 -7.1% | $576,234 +16.9% |
| 2015 | $5,289 | $492,813 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,825/mo
Principal & interest
$5108
Property taxes
$717
More affordability tools
Climate risks
Neighborhood: White Street Gallery District
Nearby schools
GreatSchools rating
- 3/10Horace O'bryant SchoolGrades: PK-8Distance: 0.2 mi
- 3/10Key West High SchoolGrades: 9-12Distance: 0.8 mi




