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1306 &1308 51st Street Gulf, 
Marathon, FL 33050

$1,050,000


4

Beds


2

Baths


1,568

Sq Ft


Multi-Family

Active

Listed by

Samuel Davis Williams

Coldwell Banker Schmitt Real Estate Co.

305-743-5181

Last updated:

January 29, 2026, 04:11 PM

MLS#

618176

Source:

FL FKBOR

About This Home

1306 &1308 51st Street Gulf

Discover this beautifully updated full duplex in the heart of Marathon, ideally situated on an oversized 10,000 sq ft lot and tucked among mature native trees that provide shade and privacy year-round. Elevated on a stilted structure with a concrete roof, this solid CBS concrete construction property offers durability, peace of mind, and long-term value a rare combination in the Florida Keys. Each unit has been fully remodeled and features white terrazzo floors throughout, stainless steel appliances, and granite countertops, creating a clean, modern coastal aesthetic. Recent upgrades include new HVAC systems and impact windows, ensuring comfort, efficiency, and storm readiness. This duplex has a strong income history, previously grossing approximately $69,000 annually. One side is currently being left vacant to allow for easy showings, presenting a seamless transition for the next owner. The flexibility of this property makes it ideal for living in one unit and renting the other, employee housing, or as a 1031 exchange opportunity to shelter gains while generating cash flow. Photos for other side will be added soon. The concrete roof and elevated construction provide added confidence against the elements and make this an excellent option for both personal use and business continuity. With ample parking for guests, vehicles, or recreational toys, and a central Marathon location close to shopping, dining, marinas, and beaches, this property delivers convenience, functionality, and versatility. Very few multifamily opportunities exist in the Keys that combine location, structure, income potential, and move-in readiness like this one. Clean, centrally located, and ready to live in or rent don't miss this rare chance to own your piece of paradise in the Florida Keys.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1969

Price Summary

1,050,000

$669 per Sq. Ft.

MLS #:

618176

Last Updated:

January 29, 2026, 04:11 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,568 Sq. Ft.


Structure

Structure

Architectural Style:

Duplex

Building Area:

1,568 Sq. Ft.

Year Built:

1969


Lot

Lot Size (Sq. Ft):

10,018


Finances & Disclosures

Finances

Price:

$1,050,000

Price per Sq. Ft:

$669 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.

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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.