$2,349,000 $12,610 est/mo Sourced by Back At You
1221 Packer Street, 1-5,Key West, FL 33040
Key West, FL 33040
Description
Rare 5 unit property, split between 2 buildings. Located centrally in the middle of Old Town Key West in the X flood zone. All units are turn-key and in great shape, recently painted and ready to be rented. The 2/1 unit is tenant occupied. There are 4 x 1 bed/ 1 bath units all currently vacant. This unique fenced property offers 3 off-street parking spots, private porches and common area space with coin operated washer and dryer. Perfect for investors, owner occupiers, or employee housing. No deferred maintenance, just a great turn-key property with 5 electric meters and 5 Parcel ID's. Projected monthly income from annual tenants is $12,800. Vacation Rentals could be a lot more. Seller has Business Tax License for all 5 units
Details
| MLS # | 603360 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Suite Number | 1 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 1354 |
| Listing Provided By | Coldwell Banker Schmitt Real Estate Co. (KW) | Sean Farrer, P.A. |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 2,914 |
| Car Port | Yes |
| Pool | Yes |
| Units | 5 |
| Zoning | HMDR - Historic Medium |
| Acreage | 0.08 |
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | Key West |
| Zip Code | 33040 |
| Area | 02 Key West |
| Subarea | Old Town S of Truman |
| Community Name | GG Watson Sub (1.0) |
| Listing VS Median (in GG Watson Sub (1.0)) | |
Price: $2,349,000 low | high Med: $1,487,500 sqft: 2,914 low | high Med: 1,271 $ / sqft: $806 low | high Med: $1,172 On site: 1354 low | high Med: 245 | |
Market Activity 33040
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | Key West |
| Zip Code | 33040 |
| Area | 02 Key West |
| Subarea | Old Town S of Truman |
| Community Name | GG Watson Sub (1.0) |
| Listing VS Median (in GG Watson Sub (1.0)) | |
Price: $2,349,000 low | high Med: $1,487,500 sqft: 2,914 low | high Med: 1,271 $ / sqft: $806 low | high Med: $1,172 On site: 1354 low | high Med: 245 | |
Nearby Listings (Within 1/10 mile)
Price: $1.761M - $2.936M
sqft: 2,000 - 3,500
 | $1,100,000909 United StreetKey West, FL 33040 |
 | $2,799,0001223 Margaret Street 4Key West, FL 33040 |
 | $4,195,0001311 Grinnell StreetKey West, FL 33040 |
 | $4,250,0001311 Grinnell StreetKey West, FL 33040 |
 | $2,395,0001006 Seminary StreetKey West, FL 33040 |
Listing Updated: October 25, 2025 at 9:52:10 PM PDT
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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