# 1224 2nd Street, Key West, FL 33040 > **TL;DR:** 4bd/4ba residential multi family, $1,700,000 ($567/sqft), built 1950, 3,000 sqft. > View. Est. $9,092/mo. Listed 185 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,700,000 | | Price/sqft | $567 | | Bedrooms | 4 | | Bathrooms | 4 full | | Square Feet | 3,000 | | Year Built | 1950 | | Lot Size | 6,970 sqft (0.16 acres) | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 185 | ## Why This Home Stands Out - **Views** - Water ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $8,596 | | Estimated Insurance | $496 | | **Total** | **$9,092** | ## Key Amenities - View ## Property Highlights - Built in 1950 - 0.16 acre lot ## Description ### Agent Description Strong value-add multifamily fourplex investment opportunity with major capital improvements already completed. The property offers four two-bedroom residences totaling approximately 3,000 square feet, with each unit comprising approximately 750 square feet. The lower level includes two residences, while the upper level features two additional residences with approximately 960 square feet of combined balcony space. Major improvements include a new standing-seam metal roof, new impact-resistant windows and doors throughout, and completed concrete, stucco, and exterior work. The property is ready for the next owner to complete the remaining work and execute their preferred investment strategy. Once completed and delivered furnished, the property is projected to have the potential to generate more than $200,000 in annual gross rental income across all four units. Additional potential may include condominium conversion, subject to all applicable approvals and requirements. A compelling opportunity to complete, stabilize, and maximize a well-positioned Key West income-producing asset. ## Location - **Address:** 1224 2nd Street, Key West, FL 33040 - **County:** Monroe - **Neighborhood:** Sunshine Sub Plat 3 (3.0) - **Coordinates:** 24.558677, -81.781611 - **Google Maps:** https://www.google.com/maps?q=24.558677,-81.781611 ## Listing Agent - **Name:** Jenna Stauffer - **Brokerage:** Ocean Sotheby's International Realty - **Broker Phone:** (305) 294-1117 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1224-2nd-St_Key-West_FL_33040_M67239-90524?f=listhub&s=KWARFL&m=619703&c=propsimple) ## Photos ![1224 2nd Street - Photo 1](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f248361026r.jpg) ![1224 2nd Street - Photo 2](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f697381484r.jpg) ![1224 2nd Street - Photo 3](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f1869685959r.jpg) ![1224 2nd Street - Photo 4](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f2858488238r.jpg) ![1224 2nd Street - Photo 5](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f2572960874r.jpg) ![1224 2nd Street - Photo 6](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f2591215990r.jpg) ![1224 2nd Street - Photo 7](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f2796459800r.jpg) ![1224 2nd Street - Photo 8](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f2055252316r.jpg) ![1224 2nd Street - Photo 9](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f3409914193r.jpg) ![1224 2nd Street - Photo 10](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f2958224776r.jpg) ![1224 2nd Street - Photo 11](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f144928811r.jpg) ![1224 2nd Street - Photo 12](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f620755118r.jpg) ![1224 2nd Street - Photo 13](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f1591210553r.jpg) ![1224 2nd Street - Photo 14](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f1974512994r.jpg) ![1224 2nd Street - Photo 15](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f755488175r.jpg) ![1224 2nd Street - Photo 16](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f1137126583r.jpg) ![1224 2nd Street - Photo 17](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f3312466152r.jpg) ![1224 2nd Street - Photo 18](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f2944563713r.jpg) ![1224 2nd Street - Photo 19](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f3060002949r.jpg) ![1224 2nd Street - Photo 20](http://lh.rdcpix.com/ad3b63edc7bd8ebd26b794cef167f2b4l-f3878905684r.jpg) --- **MLS#:** 619703 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 Key West Association 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/1224-2nd-street-key-west-fl-33040-1e4a2e395e2247068287cb1626e9d6c9) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1224-2nd-street-key-west-fl-33040-1e4a2e395e2247068287cb1626e9d6c9#listing", "url": "https://www.propertysimple.ai/listing/1224-2nd-street-key-west-fl-33040-1e4a2e395e2247068287cb1626e9d6c9", "name": "1224 2nd Street, Key West, FL 33040", "description": "Strong value-add multifamily fourplex investment opportunity with major capital improvements already completed. The property offers four two-bedroom residences totaling approximately 3,000 square feet, with each unit comprising approximately 750 square feet. 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