#612584, Listing Office: Coldwell Banker Schmitt Real Estate Co.
500 22nd Street Ocean St Unit 1-4 Marathon, FL 33050
Property details
About 500 22nd Street Ocean St Unit 1-4
A unique investment gem optimally positioned in the heart of the Florida Keys. This four-unit apartment building presents a fantastic opportunity for investors or business owners seeking employee housing solutions. Each of the four apartments in this building offers a comfortable living space with two bedrooms and one bathroom. Long-term tenants are currently in place. The separate metering of electricity for each unit is a thoughtful touch, allowing tenants to manage and pay for their own usage, which is a benefit for both the landlord and the tenants alike. Parking is often at a premium in the Keys, but not at this property. There is ample on-site parking available, ensuring that residents and their guests have convenient and secure places to park their vehicles. This is a significant advantage in the region and adds to the attractiveness of the property for prospective tenants. Additionally, the presence of a laundry room out back offers an added layer of convenience for residents. This shared facility means that tenants do not need to leave the comfort of their complex for laundry services, adding to the appeal of the apartments. For local business owners, this property represents a strategic investment in the future of their enterprise. With the challenge of securing affordable housing being a key factor in employee retention, owning this apartment building could be a decisive move to ensure the stability and longevity of your workforce. New owner can apply for affordable housing units and if awarded by the city would be able sell the 4 market rates off which are currently going for approx. 200k each. Inquire for details. By providing your employees with a comfortable and convenient place to live, you can foster loyalty and reduce the turnover that often plagues businesses in high-demand living areas. In summary this investment offers a rare blend of steady income potential and strategic benefits for business owners.
Highlights
Summary
- MLS Number: 609777
- MLS Name: Marathon
- Office Name: Coldwell Banker Schmitt Real Estate Co.
- Office Phone: (305) 743-5181
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: 3/15/2025, 10:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,899,000
500 22nd Street Ocean St Unit 1-4
$10,000
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Price information
Property sales
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Tax history
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Nearby schools
5
Stanley Switlik Elementary School
Public District PK-5
0.7 mi
•3400 Overseas Hwy
9
Big Pine Academy
Public Charter PK-5
16.4 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 $50,313. Most Marathon, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
Similar homes for sale
This home is located at 500 22nd Street Ocean St Unit 1-4 in Marathon, FL and zip code 33050. This 2,780 square foot home, which was built in 1973, sits on a 0.14 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 20, 2025 and is currently priced at $1,899,000.
While more than 1 listings in Marathon, FL in February 2025 were sold above asking price, there were more than 4 listings sold at asking price, and more than 21 were sold below. In February 2025 in Marathon, FL there were 14.7% more homes for sale than in January. 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.