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912 Pohalski St - Apartment Building 6 Unit Apartment Building Offered at $2,250,000 Key West, FL 33040
Investment Highlights
- Six legal apartments with six off-street parking spaces
- Former X Flood zone - property is high and dry
- Great for a long-term investor, 1031 Exchange property or employee housing
- Tenants have easy access to their unit and their parking space
- Each unit is separately metered for water and electricity - low owner expenses
Executive Summary
Six Legal Rental Units offering a total of 10 bedrooms and 6 bathrooms
Strong Income-Producing Property with current gross rents of $14,500 per month ($174,000 annually)
Separate Utility Meters for each apartment, helping keep owner expenses low
Six Off-Street Parking Spaces — a highly desirable and scarce feature in Key West
Diverse unit mix:
Three 1BR/1BA units
Two 2BR/1BA units
One 3BR/1BA unit
3,876 SF Building on a 3,598 SF lot
Lot spans from Pohalski Street to Havana Lane, providing convenient tenant access and parking
Located in a high-and-dry area within a BFE flood zone (formerly X zone)
Limited operating expenses enhance cash flow potential
Long-term family ownership with established rental history
Excellent opportunity for:
Buy-and-hold investors
1031 Exchange buyers
Workforce/employee housing operators
Multi-family portfolio expansion
Rare opportunity to acquire a fully leased six-unit multifamily property in Key West
Investor Appeal: Stable income, separate utilities, off-street parking, and a desirable Key West location make this a compelling multifamily investment with both cash-flow and long-term appreciation potential.
Strong Income-Producing Property with current gross rents of $14,500 per month ($174,000 annually)
Separate Utility Meters for each apartment, helping keep owner expenses low
Six Off-Street Parking Spaces — a highly desirable and scarce feature in Key West
Diverse unit mix:
Three 1BR/1BA units
Two 2BR/1BA units
One 3BR/1BA unit
3,876 SF Building on a 3,598 SF lot
Lot spans from Pohalski Street to Havana Lane, providing convenient tenant access and parking
Located in a high-and-dry area within a BFE flood zone (formerly X zone)
Limited operating expenses enhance cash flow potential
Long-term family ownership with established rental history
Excellent opportunity for:
Buy-and-hold investors
1031 Exchange buyers
Workforce/employee housing operators
Multi-family portfolio expansion
Rare opportunity to acquire a fully leased six-unit multifamily property in Key West
Investor Appeal: Stable income, separate utilities, off-street parking, and a desirable Key West location make this a compelling multifamily investment with both cash-flow and long-term appreciation potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$174,000
|
$61.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$174,000
|
$61.85
|
| Taxes |
$15,509
|
$5.51
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,509
|
$5.51
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $174,000 |
| Annual Per SF | $61.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $174,000 |
| Annual Per SF | $61.85 |
| Taxes | |
|---|---|
| Annual | $15,509 |
| Annual Per SF | $5.51 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $15,509 |
| Annual Per SF | $5.51 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Site Amenities
- Laundry Facilities
- Bicycle Storage
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 1
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 00021110-000000 | Total Assessment | $1,572,351 |
| Land Assessment | $1,023,919 | Annual Taxes | $15,509 ($5.51/SF) |
| Improvements Assessment | $548,432 | Tax Year | 2025 |
Property Taxes
Parcel Number
00021110-000000
Land Assessment
$1,023,919
Improvements Assessment
$548,432
Total Assessment
$1,572,351
Annual Taxes
$15,509 ($5.51/SF)
Tax Year
2025
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912 Pohalski St - Apartment Building
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