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10833 2nd Avenue Gulf Avenue, 
Marathon, FL 33050

$979,000


5

Beds


3

Baths


2,111

Sq Ft


Multi-Family

Active

Listed by

Kristin Herold

Coldwell Banker Schmitt Islamorada

Last updated:

August 15, 2026, 02:59 PM

MLS#

620847

Source:

FL FKBOR

About This Home

10833 2nd Avenue Gulf Avenue

SELLER FINANCING AVAILABLE | TURNKEY INCOME TRIPLEX IN THE HEART OF MARATHON Welcome to a fully renovated, income-producing triplex in one of the Florida Keys' most sought-after markets. With three updated units generating consistent revenue in gross rental income, this is a rare turnkey opportunity for investors -- or a smart way for an owner-occupant to live for free while collecting rent from the other two units. The Property: Unit 1 -- 2BR/1BA, spacious layout, modern open-concept interior, currently leased Unit 2 -- 2BR/1BA, fully renovated, currently leased Unit 3 -- Efficiency unit with well-equipped kitchenette, ideal for a single tenant or short-term renter, currently leased All units are fully updated, tenants are on flexible month-to-month leases (ideal for a buyer who wants immediate cash flow with future flexibility), and ample on-site parking makes this property easy to manage. Prime Marathon location puts residents minutes from shops, restaurants, and everything the Middle Keys lifestyle has to offer. Bonus: A Letter of Determination with 3 rights is available, and the seller is offering financing with $500,000K down over a 5 year term at a competitive rate -- a major advantage in today's rate environment. Whether you're building a rental portfolio or looking for owner-occupied income property in the Keys, this triplex checks every box. Schedule your private showing today -- inventory like this doesn't last in Marathon.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1959

Subdivision & Development:

Key Colony Sub (53.0)

Price Summary

979,000

$463 per Sq. Ft.

MLS #:

620847

Last Updated:

August 15, 2026, 02:59 PM

Added:

13 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3


Structure

Structure

Building Area:

2,111 Sq. Ft.

Year Built:

1959


Lot

Lot Size (Sq. Ft):

4,428


Finances & Disclosures

Finances

Price:

$979,000

Price per Sq. Ft:

$463 per Sq. Ft.

Source:FL FKBOR
The information being provided by Florida Keys Board Of REALTORS®, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Florida Keys Board Of REALTORS®, Inc. All rights reserved. FL FKBOR Member Broker: Brian Schmitt

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.