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909 Grinnell Street, Key West, FL 33040

$1,899,000
Property Type: Commercial Sale Bedrooms: 7 Baths: 6 Square Footage: 2,790 Lot Size (sq. ft.): 3,002 Status: Active
Current Price: $1,899,000 List Date: 7/24/2025 Last Modified: 4/01/2026

Overview

Description

Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! Priced at less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime Old Town location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three 1-bedroom units and 2 studio units. All with separate exterior entrances. Convenient location is close to many Old Town attractions including world famous Duval St. Perfect for employee housing or income producing multi-unit property. Advanced notice required before showings and don't expect to see all six of the units at once. Please do NOT disturb tenants. This is a duplicate entry.

Listing Details MLS# 615914

Location, Tax & Legal

Street #
909
Street Name
Grinnell
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unlisted (1.0)
County
Monroe
Area
02 - Key West
KW Neighborhood
Old Town-N of Truman
City
KEY WEST
Mile Marker
1
Marathon Neighborhood
N/A
Side
Median
Flood Zone
0.2 PCT ANNUAL CHANC
Alternate Key #
1021610
Parcel #
00020870-000000
Zoning
HDR - High Density Residential
Legal
KW PT LOT 6 SQR 3 TR 6 OR271-249/50 OR387-305 OR616-188 OR943-963/64 OR943-2119/21 OR954-1883 OR955-2017/20 OR955-2021
Taxes
14214.65
Tax Year
2024

Contract Information

Listing Board
Key West Association
Limited Representation
No
As is Rght to Inspct
Yes
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Multi-Family
Style
Commercial
Lot SqFt
3002
Waterfront
No
# Stories
2
Total # Buildings
Yes
Building SqFt
2790
SqFt Source
Tax Records
Living Apx SqFt
2790
Total Units
7
Year Built
1976
Total Bedrooms
7
Full Baths
6
Total Baths
6
Control Depth
0

License Info

# of City License
7
Non Trans Rntl Lic
Yes

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

More Information

Property Info

# Efficiencies
2
1 Bed/Bath
3
2 Bed/Bath
Yes

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! Priced at less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime Old Town location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three 1-bedroom units and 2 studio units. All with separate exterior entrances. Convenient location is close to many Old Town attractions including world famous Duval St. Perfect for employee housing or income producing multi-unit property. Advanced notice required before showings and don't expect to see all six of the units at once. Please do NOT disturb tenants. This is a duplicate entry.
Directions
North side of Grinnell, in middle of block between Truman Ave and Olivia St.

Deed Restrictions

Unknown
Yes

Type

Apartment 3 or more
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Accounts & Meters

# Sewer Accounts
2
# Water Meters
2
# Electric Meters
3

Cooling

Central Air
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Construction

CBS
Yes

Land Size

Less Than 1/4 Acre
Yes

Utilities

Buyer to Verify
Yes

Title

Title Ins - Buyer
Yes

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Type: Apartment 3 or more Waterfront: None Waterview: No Waterview Dockage: None Cooling: Central Air Utilities: Buyer to Verify Construction: CBS Land Size: Less Than 1/4 Acre Fee Includes: None Title: Title Ins - Buyer
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: April - 01 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.