$1,249,000

212 Lindahl St Marathon, FL 33050

$10,000
Closing credit¹
6 beds
6 full, 2 partial
7,932 sqft
0.3 acres
$157 / sqft
Multi-Family

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

Home typeMulti Family
StatusActive
CoolingWall/Window Unit(s)
Size7,932 sqft
Lot size0.27 Acres
Year built1971
ParkingOff Street
MLS #614155

Summary

  • MLS Number: 614155
  • MLS Name: Marathon
  • Office Name: Keystime Vacation Rentals
  • Office Phone: (239) 289-4806

IDXInformation 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, 9:15:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of building exterior featuring cooling unit and stairs

$1,249,000

212 Lindahl St

$10,000

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $63,026. The majority of Marathon, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

23%
<35k
47%
35k-100k
21%
100k-200k
9%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

40%
Single, No Kids
8%
Single, with Kids
36%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
5%
12-17 yrs old
16%
18-34 yrs old
50%
35-64 yrs old
19%
65+ yrs old

What do the neighbors do for fun?

  • Hiking/backpackingHiking/backpacking
  • Horse RacesHorse Races
  • Continuing Education CoursesContinuing Education Courses

Where do the neighbors shop?

  • Nordstrom RackNordstrom Rack
  • Stein MartStein Mart
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • ChipotleChipotle
  • LongHorn SteakhouseLongHorn Steakhouse
  • QdobaQdoba

What do the neighbors drive?

  • MazdaMazda
  • BuickBuick
  • VolkswagenVolkswagen

What do the neighbors listen to?

  • RockRock
  • Contemporary InspirationalContemporary Inspirational
  • Urban ContemporaryUrban Contemporary
All data provided by Home Junction and Claritas

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. Between January and February 2025, Marathon, FL real estate market has seen increase in the number of listings by 14.7%. Listings spent 99 days on the market in February 2025, and had a median list price of $954,312 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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