Ad #7654920
MLS #619703
Strong value-add multi-family fourplex investment opportunity
1224 2nd St, Key West, FL 33040
$1,700,000
4Beds
4Baths
3,000Sqft
0.16Acres
About this property
Strong value-add multi-family fourplex investment opportunity with major improvements already completed. The heavy lifting has been done, including a new roof, brand-new windows, and updated concrete throughout, setting the stage for the next owner to bring the project to completion. Once finished and delivered furnished, the property has the potential to generate over $200,000 in annual income across all four units. Additional upside includes the option to condo-convert, with projected rental income of approximately $6,000/month for the lower units and $7,000/month for the upper. An ideal opportunity for an investor looking to step into a project with reduced risk, immediate upside, and strong income potential. A rare chance to step in, complete the project, and capture the upside of a fully optimized, income-producing asset.
Property Features
4 Beds
4 Baths
3,000 Sqft
Built in 1950
0.16 Acres
Beachview
Siding: Combo Construction
Metal Roof
$10,120 / yr property tax
Monroe County
Sunshine Sub Plat 3 (3) Community
Additional Photos
Contact Information
Jenna Stauffer
Ocean Sotheby's International Realty
260-433-2319
Location
Listing Agent: Jenna Stauffer 260-433-2319
Broker: Ocean Sotheby's International Realty 305-294-1117 Listing Site
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.
Broker: Ocean Sotheby's International Realty 305-294-1117 Listing Site
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.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$1,700,000
4
Beds
4
Baths
3,000
Sqft
1224 2nd St, Key West, FL 33040
By contacting this agent you agree to these Terms and Conditions.
MLS# 619703
Strong value-add multi-family fourplex investment opportunity
$1,700,000
1224 2nd St, Key West, FL 33040
4
Beds
4
Baths
3,000
Sqft
0.16
Acres
$1,700,000
1224 2nd St, Key West, FL 33040
4 Beds
4 Baths
3,000 Sqft
0.16 Acres
Strong value-add multi-family fourplex investment opportunity with major improvements already completed. The heavy lifting has been done, including a new roof, brand-new windows, and updated concrete throughout, setting the stage for the next owner to bring the project to completion. Once finished and delivered furnished, the property has the potential to generate over $200,000 in annual income across all four units. Additional upside includes the option to condo-convert, with projected rental income of approximately $6,000/month for the lower units and $7,000/month for the upper. An ideal opportunity for an investor looking to step into a project with reduced risk, immediate upside, and strong income potential. A rare chance to step in, complete the project, and capture the upside of a fully optimized, income-producing asset.
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Property Details
HOME DETAILS
4 Beds
4 Baths
3,000 Sqft
Built in 1950
0.16 Acres
BEACH & VIEW
Beachview
EXTERIOR
Siding: Combo Construction
Metal Roof
FINANCIAL & COMMUNITY
$10,120 / yr property tax
Monroe County
Sunshine Sub Plat 3 (3) Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7654920
Viewed
69 times
Listing Status
Active
Added
May 01, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Key West Association of Realtors
Source Property ID
619703
Listing Agent: Jenna Stauffer 260-433-2319
Broker: Ocean Sotheby's International Realty 305-294-1117 Listing Site
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.
Broker: Ocean Sotheby's International Realty 305-294-1117 Listing Site
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.
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