# 10833 2nd Avenue Gulf, Marathon, FL 33050

> **TL;DR:** 5bd/3ba residential multi family, $898,000 ($425/sqft), built 1959, 2,111 sqft.
> View, A/C. Est. $4,803/mo. Listed 92 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $898,000 |
| Price/sqft | $425 |
| Bedrooms | 5 |
| Bathrooms | 3 full |
| Square Feet | 2,111 |
| Year Built | 1959 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 92 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,541 |
| Estimated Insurance | $262 |
| **Total** | **$4,803** |

## Key Amenities

- View
- A/C

## Property Highlights

- Built in 1959
- 0.10 acre lot

## Description

### Agent Description
LETTER OF DETERMINATION WITH 3 RIGHTS | SELLER FINANCING | INCOME-PRODUCING TRIPLEX IN MARATHON Building rights are the scarcest asset in the Florida Keys, and this property comes with a Letter of Determination confirming 3 rights. That makes it an opportunity to hold, improve, or reposition a triplex in the Middle Keys with the entitlements already documented. Seller financing is available: $500,000 down over a 5-year term at a competitive rate, a real advantage in today's rate environment. The Property: Three fully renovated units, all currently leased: Unit 1: 2BR/1BA, spacious layout, modern open-concept interior Unit 2: 2BR/1BA, fully renovated Unit 3: Efficiency with a well-equipped kitchenette, ideal for a single tenant or short-term renter Tenants are on flexible month-to-month leases, which gives a buyer immediate cash flow and room to change course later. Ample on-site parking keeps the property easy to manage. Location: In the heart of Marathon, minutes from shops, restaurants, and everything the Middle Keys lifestyle offers. Who It's For: Investors building a rental portfolio, or an owner-occupant who wants to live in one unit and let the other two help cover the cost of ownership. Schedule your private showing today. Properties with documented building rights and owner financing don't come along often in Marathon.

## Location

- **Address:** 10833 2nd Avenue Gulf, Marathon, FL 33050
- **County:** Monroe
- **Neighborhood:** Key Colony Sub (53.0)
- **Coordinates:** 24.730093, -81.038211
- **Google Maps:** https://www.google.com/maps?q=24.730093,-81.038211

## Listing Agent

- **Name:** Kristin Herold · **License:** 3578801
- **Brokerage:** Coldwell Banker Schmitt Islamorada
- **Broker Phone:** (305) 664-4470
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/10829-2nd-Avenue-Gulf-Unit-29_Marathon_FL_33050_M65795-16273?f=listhub&s=FLKEYSMLSFL&m=620847&c=propsimple)

## Photos

![10833 2nd Avenue Gulf - Photo 1](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f2875600708r.jpg)

![10833 2nd Avenue Gulf - Photo 2](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f2120499039r.jpg)

![10833 2nd Avenue Gulf - Photo 3](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f2257538321r.jpg)

![10833 2nd Avenue Gulf - Photo 4](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f3169435802r.jpg)

![10833 2nd Avenue Gulf - Photo 5](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f3280883673r.jpg)

![10833 2nd Avenue Gulf - Photo 6](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f996143135r.jpg)

![10833 2nd Avenue Gulf - Photo 7](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f3005373846r.jpg)

![10833 2nd Avenue Gulf - Photo 8](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f3039577691r.jpg)

![10833 2nd Avenue Gulf - Photo 9](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f125498065r.jpg)

![10833 2nd Avenue Gulf - Photo 10](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f1955951314r.jpg)

![10833 2nd Avenue Gulf - Photo 11](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f1893998794r.jpg)

![10833 2nd Avenue Gulf - Photo 12](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f825830166r.jpg)

![10833 2nd Avenue Gulf - Photo 13](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f4212509583r.jpg)

![10833 2nd Avenue Gulf - Photo 14](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f1861205222r.jpg)

![10833 2nd Avenue Gulf - Photo 15](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f4270831345r.jpg)

![10833 2nd Avenue Gulf - Photo 16](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f3661014863r.jpg)

![10833 2nd Avenue Gulf - Photo 17](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f3330884315r.jpg)

![10833 2nd Avenue Gulf - Photo 18](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f2643057252r.jpg)

![10833 2nd Avenue Gulf - Photo 19](http://lh.rdcpix.com/6dad64b790ad222ef6973b63c9026120l-f1557761051r.jpg)

---

**MLS#:** 620847 | **Updated:** 2026-10-30
**Source:** listhub

*Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/10833-2nd-avenue-gulf-marathon-fl-33050-b8535cdb562c4781a341a134c3ce1453)

---

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