10833 2nd Avenue Gulf Avenue, Marathon, FL 33050 (MLS# 620847)

10833 2nd Avenue Gulf Avenue, Marathon, FL 33050

New Listing
$979,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,111 Lot Size (sq. ft.): 4,428 Status: Active
Current Price: $979,000 List Date: 8/03/2026 Last Modified: 8/03/2026

Overview

Description

SELLER FINANCING AVAILABLE | TURNKEY INCOME TRIPLEX IN THE HEART OF MARATHON Welcome to a fully renovated, income-producing triplex in one of the Florida Keys' most sought-after markets. With three updated units generating consistent revenue in gross rental income, this is a rare turnkey opportunity for investors -- or a smart way for an owner-occupant to live for free while collecting rent from the other two units. The Property: Unit 1 -- 2BR/1BA, spacious layout, modern open-concept interior, currently leased Unit 2 -- 2BR/1BA, fully renovated, currently leased Unit 3 -- Efficiency unit with well-equipped kitchenette, ideal for a single tenant or short-term renter, currently leased All units are fully updated, tenants are on flexible month-to-month leases (ideal for a buyer who wants immediate cash flow with future flexibility), and ample on-site parking makes this property easy to manage. Prime Marathon location puts residents minutes from shops, restaurants, and ev ...

Listing Details MLS# 620847

Location, Tax & Legal

Street #
10833
Street Name
2nd Avenue Gulf
Street Suffix
Avenue
Key/Island
Marathon
State/Province
FL
Zip Code
33050
County
Monroe
Subdivision
Key Colony Sub (53.0)
Area
15 - Sombrero Bch Rd to Vaca Cut Gulfside
City
MARATHON
Off Shore Island
No
Mile Marker
53
Marathon Neighborhood
Marathon East - Gulf (Airport to Vaca)
Side
Bay/Gulf
Flood Zone
AE
Alternate Key #
1411426
Parcel #
00333710-000000
Zoning
RM - Residential Medium
Deed Restrictions
No
Legal
LT 5 KEY COLONY SUBDIVISION NO 1 KEY VACA PB3-107 OR48-199 OR174-200 OR950-389 OR2650-1282 OR2810-827
Taxes
6477.69
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Florida Keys
As is Rght to Inspct
Yes
Species List
No

General Property Description

Realtor.COM Type
Multi-family
Style
Multi-Units
Waterfront
No
Pool
No
Year Built
1959
Lot SqFt
4428
Lot Sqft Source
Property Data Card
Acres
0.1
Living Apx SqFt
2111
SqFt Source
Property Data Card
Total Bedrooms
5
Full Baths
3
Total Baths
3
Rentals Allowed
Yes
Min Rental Days
7
Control Depth
0
Total Units
0

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No
Association Fee $
0

Building Style

Above Flood
Yes

More Information

Remarks & Misc

Remarks – Consumer
SELLER FINANCING AVAILABLE | TURNKEY INCOME TRIPLEX IN THE HEART OF MARATHON Welcome to a fully renovated, income-producing triplex in one of the Florida Keys' most sought-after markets. With three updated units generating consistent revenue in gross rental income, this is a rare turnkey opportunity for investors -- or a smart way for an owner-occupant to live for free while collecting rent from the other two units. The Property: Unit 1 -- 2BR/1BA, spacious layout, modern open-concept interior, currently leased Unit 2 -- 2BR/1BA, fully renovated, currently leased Unit 3 -- Efficiency unit with well-equipped kitchenette, ideal for a single tenant or short-term renter, currently leased All units are fully updated, tenants are on flexible month-to-month leases (ideal for a buyer who wants immediate cash flow with future flexibility), and ample on-site parking makes this property easy to manage. Prime Marathon location puts residents minutes from shops, restaurants, and everything the Middle Keys lifestyle has to offer. Bonus: A Letter of Determination with 3 rights is available, and the seller is offering financing with $500,000K down over a 5 year term at a competitive rate -- a major advantage in today's rate environment. Whether you're building a rental portfolio or looking for owner-occupied income property in the Keys, this triplex checks every box. Schedule your private showing today -- inventory like this doesn't last in Marathon.

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Oven
Yes
Refrigerator
Yes
Washer
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Wall/Window Unit(s)
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Windows/Doors

Impact Rstnce Window
Yes

Construction

Concrete
Yes

Land Size

Less Than 1/4 Acre
Yes

Terms

Seller Finance Psble
Yes

Utilities

FKAA
Yes

Roof

Other Roof
Yes

Accessibility Feat

Parking
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer Accessibility Feat: Parking Construction: Concrete Roof: Other Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Seller Finance Psble
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: August - 03 - 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.