Price Reduced, Owner's motivated! This triplex is situated in a prime area of Old Town, just three blocks away from Duval Street. It presents an attractive investment opportunity with its three separate units, offering potential for rental income, extended family stays, or versatile usage. Constructed from concrete blocks in 1979, this property's main unit is currently occupied by the owners, who benefit from consistent rental earnings from the other two units, frequented by repeat monthly guests. Unit A comprises two bedrooms and one bath, spanning 768 sq. ft., while Units B and C are one-bedroom, one-bath units with 528 and 564 sq. ft. each. Each unit features its own laundry facilities and a private outdoor patio area perfect for relaxation. Additional conveniences include on-site parking and storage. The property's strategic location, mere minutes from Duval Street, restaurants, bars, beaches, historical landmarks and waterfront attractions, enhances its appeal as a multi-unit investment. Take the opportunity to explore this property today and envision its myriad possibilities!
Sold for $1,525,000 on 07/08/25
$1,525,000
737 Olivia St, Key West, FL 33040
3beds
1,860sqft
Multi Family
Built in 1979
-- sqft lot
$1,525,600 Zestimate®
$820/sqft
$7,104 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 13, 2025 at 10:17am
Listed by:
Tammy Stiles 614-402-5906,
Berkshire Hathaway HomeServices Knight & Gardner Realty
Bought with:
Tammy Stiles, 3312592
Berkshire Hathaway HomeServices Knight & Gardner Realty
Source: FLKMLS,MLS#: 612943
Originating MLS: Key West Association

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dryer
- Laundry: Laundry Room
Features
- Utility Room
- Flooring: Tile, Laminate, Wood
Interior area
- Total interior livable area: 1,860 sqft
Property
Parking
- Total spaces: 1
Accessibility
- Accessibility features: Parking
Features
- Levels: Ground Level
- Patio & porch: Open Porch/Balcony, Deck
- Exterior features: Storage, Outdoor Shower
- Fencing: Fenced
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 3,920 sqft
- Features: Less Than 1/4 Acre
Details
- Additional structures: Shed(s), Detached Guest Qtrs
- Parcel number: 00019570000000
- Zoning: HMDR
- Zoning description: Historic Medium Density Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete, Combo Construction
- Roof: Metal
Condition
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: FKAA
Community & neighborhood
Location
- Region: Key West
- Subdivision: Old Town - Unlisted (1.0)
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: Cash,Conventional