About This Home

This 5-bedroom, 3-bathroom residential multi family at 10833 2nd Avenue Gulf in Marathon, FL is listed for $898,000 ($425 per sqft). Built in 1959, the home offers 2,111 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1959
  • 0.10 acre lot

Property Details

3 full
1959

Amenities

ViewA/C
Listing 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, ide

al 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.

Monthly Cost Estimate

$4,803/mo

20% down · 6.5% · 30 years

Principal$649
Interest$3,891
Insurance$262

Estimates only. Actual payments may vary.

Location

10833 2nd Avenue Gulf

Marathon, FL 33050

Key Colony Sub (53.0)

Property Details

Construction

Concrete

Views

Water

Cooling

Window Unit(s)Wall/Window Unit(s)

Appliances

WasherDryerDishwasherRefrigeratorOvenMicrowave

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 10833 2nd Avenue Gulf is listed at $898,000 ($425/sqft). The estimated monthly payment is $4,803 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1959, 0.10 acre lot.

This property is listed by Kristin Herold.

KH

Kristin Herold

License 3578801

Agent at Coldwell Banker Schmitt Islamorada

Listed by Coldwell Banker Schmitt Islamorada · Broker phone: (305) 664-4470 · View on Broker Site · Broker website

MLS# 620847· Source: Florida Keys Board of REALTORS®· 83 days on PropertySimple

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.

10833 2nd Avenue Gulf, Marathon, FL 33050

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