$1,399,000

1224 Flagler Avenue, Key West, FL 33040

  • 5 beds |
  • 4 baths |
  • 2,146 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $652/sqft
  • Property List Date Icon Listed 10 hours ago

Property Description

Step onto the grounds of 1224 Flagler Avenue and discover a versatile property brimming with possibility. This legal duplex with an additional private mother in-law suite offers flexible living arrangements and exceptional rental income potential. It's an ideal opportunity for investors, multi-generational households or anyone seeking both comfort and return. Unit B, on the right, is a stylishly updated 2 bed/1bath home featuring new flooring, a renovated kitchen with stainless steel appliances, and its own washer and dryer. Offered fully furnished and turnkey, it opens to a charming shared backyard perfect for outdoor dining, lounging, or enjoying the Key West breeze. Tucked into the back corner is the separate 1 bed/1bath mother-in-law suite, complete with its own entrance. Whether used for guests, extended family, or additional rental income, this private space adds valuable versatility. On the left, Unit A offers a comfortable 2 bed/2 bath layout with tile floors throughout, a functional kitchen with island seating, glass doors leading to a private fenced backyard, and its own washer and dryer. With a light refresh, it can easily transform into a delightful long-term residence or sought-after rental. Fully fenced along the back and side yard, the property feels tucked away yet remains moments from beaches, shops, schools, and all the charm of Old Town. Blending flexibility, strong income potential, and space to customize, 1224 Flagler Avenue is a rare Key West find perfectly suited to meet your needs while generating multiple revenue streams. **For those seeking even more opportunity, this property may be purchased together with the large home directly behind it at 1217 Johnson Street at a discounted combined price.

Listing Status:
Active
Listing Office:
Truman & Co. (KW) : (305) 292-2244
Listing Agent:
Terri Spottswood : (305) 587-3407
MLS ID:
617518
  • General: Drapes/Blinds InclBuilt-in Cabinets
  • Flooring: Tile
  • A/C: Central Air
  • General: FencingShed
  • Pool: None
  • Roofing: Metal Roof
  • County: Monroe
  • Zoning: SF - Single Family106014300059670-000000
  • Utilities: FKAAWater Separate MeterElect Separate MeterBuyer to VerifyMunicipal Sewer

This listing courtesy of Terri Spottswood, Truman & Co. (KW)

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

May Sands Montessori School

1400 United St Ste 110, Key West, FL, 33040

Grades PK-8

0.27 miles away

M

May Sands Montessori School

1400 United St Ste 110, Key West, FL, 33040

Grades PK-8

0.27 miles away

K

Keys Center

1105 Leon St, Key West, FL, 33040

Grades 7-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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