909 Grinnell Street, Key West, FL 33040 (MLS# 615914)

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: 8/27/2026 Last Modified: 8/27/2026

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! Renovations in progress! 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

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

License Info

# of City License: 7

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

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: August - 27 - 2026

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