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Sold for $1,400,000 on 09/26/25
  • $1,400,000

    2616 Patterson Ave, Key West, FL 33040

    8beds
    2,880sqft
    Multi Family
    Built in 1963
    -- sqft lot
    $1,400,100 Zestimate®
    $486/sqft
    $3,728 Estimated rent

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    $8,392/mo

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    What's special

    LEGAL QUADPLEX SPECIAL! Located in the heart of the island, this TURNKEY four unit concrete FORTRESS features two 2/1 units up and two similar units down and has NEVER FLOODED. Recently completed upgrades include a complete outside facelift and new impact doors and windows, in addition to all new wiring from the street to the meters.From a solid metal roof to tile floors throughout - this building is top to bottom FLAWLESS. Did I mention there is plenty of on site parking?Ample room to add a pool and hot tub!!A savvy investor will purchase as a stable cash cow, a primary resident can occupy one unit through a 3.5% down FHA loan and collect solid rental income, or a creative builder could convert it to two duplexes and sell the highly sought after ROGO units. Whichever position you are in - DO NOT DELAY - this will not last. Seller is motivated and ready to make a deal. Recent appraisal in HAND.

    Zillow last checked: 7 hours ago

    Listing updated: September 26, 2025 at 12:00pm

    Listed by:

    Mike Kane 703-962-0720,

    Internet Realty of the Florida Keys

    Bought with:

    Louis Condos, 3207946

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Mary Jo Rostien, 3207882

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Source: FLKMLS,MLS#: 616054MLS LogoOriginating MLS: Marathon/Lower Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Appliances
    • Included: Range
    Interior area
    • Total interior livable area: 2,880 sqft

    Property

    Features
    • Levels: Multi/Split
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 4,791 sqft
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00050740000000
    • Zoning: SF
    • Zoning description: Single Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Concrete
    • Roof: Metal
    Condition
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: FKAA, Buyer to Verify

    Community & neighborhood

    Location
    • Region: Key West
    • Subdivision: Key West Realty Cos Sub (3.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Other

    Other facts
    • Listing terms: Cash,FHA