#611584, Gregory Sullivan, Listing Office: BYOWNER.COM
212 Lindahl St Marathon, FL 33050
Property details
About 212 Lindahl St
Discover an exceptional unique investment opportunity in the heart of Marathon. This sprawling 8,292-square-foot property showcases six income-generating residential 1 bed / 1 bath apartments and two 2 very tall and spacious (3,000+ sq. ft) warehouse/storage buildings (former airplane hangars) w/ half baths in each. The annual rent roll is currently $118,200 with occupancy rates consistently near 100% across many years (and without ever increasing rent rates to our loyal long-term tenants). Based on the appraisal (included in the listing), the market will support a rent roll of $153,286. The property's versatile layout presents numerous possibilities for generating rental income, with separate living spaces that can accommodate long-term tenants or short-term rentals. A distinctive feature of this property is its industrial capabilities, including warehouse space (airplane hangars), offering unique potential for both residential and commercial ventures.Perfectly positioned in the Middle Keys, this property provides easy access to local amenities including the Marathon International Airport, numerous bars and restaurants, shopping, public transportation, and the renowned Sombrero Beach area. The lack of reasonable housing in the Keys ensures that this property is always in high demand to potential renters, and we see very little turnover for our long-term tenants. This property conveys with 2 Affordable Building Rights with an option to take over 4 additional in the queue for approval. Located in a certified Opportunity Zone, there are significant tax benefits to the potential buyer. Whether you're seeking a lucrative investment property, a unique residential compound with additional warehouse/storage capabilities, or an income-generating property with the potential to create the most impressive man cave in the Keys, this versatile property delivers exceptional value in one of Florida's most desirable locations.
Highlights
Summary
- MLS Number: 614155
- MLS Name: Marathon
- Office Name: Keystime Vacation Rentals
- Office Phone: (239) 289-4806
Information is deemed to be reliable, but is not guaranteed. © 2025 MLS. Based on information from the Marathon and Lower Keys Association of REALTORS®. The information on this sheet has been made available by the MLS and may not be the listing of the provider. All properties are subject to prior sale, change or withdrawal. The information being provided is 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. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 11:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹

$1,249,000
212 Lindahl St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 17, 2020 | Home Sold | $962,500 |
Aug 17, 2020 | Home Sold | $962,500 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
5
Stanley Switlik Elementary School
Public District PK-5
3.6 mi
•3400 Overseas Hwy
9
Big Pine Academy
Public Charter PK-5
20.5 mi
•30220 Overseas Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $63,026. Typical income of Marathon, FL residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
Similar homes for sale
This home is located at 212 Lindahl St in Marathon, FL and zip code 33050. This 7,932 square foot home, which was built in 1971, sits on a 0.27 acre lot. Features: 6 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $1,249,000.
In February 2025 more than 1 listings in Marathon, FL were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 21 were sold below. The number of listings in Marathon, FL increased by 14.7% between January and February 2025. In February 2025, listings were on the market for 99 days. During the same period, the median list price in this real estate market was $954,312.