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.
For sale
$1,300,000
2007 Flagler Ave, Key West, FL 33040
6beds
2,102sqft
Est.:
Duplex, Multi Family
Built in 1938
-- sqft lot
$1,231,000 Zestimate®
$618/sqft
$-- HOA
What's special
- 2 days
- on Zillow |
- 293 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 05:34am
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
Source: FLKMLS,MLS#: 616010
Originating MLS: Key West Association

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & 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: 4,791.6 Square Feet
- 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 & HOA
Community
- Subdivision: Key West Realty Cos Sub (3.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $618/sqft
- Tax assessed value: $796,935
- Annual tax amount: $7,180
- Date on market: 8/1/2025
- Listing terms: Assumable,FHA,VA Loan,Conventional,Cash
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