127 & 121 Monroe Drive #13
Islamorada, FL 33070
4
Bed
4
Bath
2,409Sqft
Exceptional investment and lifestyle opportunity in the heart of Plantation Key. This offering includes a triplex income property together with the adjacent multifamily lot, giving you both immediate rental income and room to grow. In Islamorada, it's rare to find side-by-side multifamily parcels in such a convenient, desirable neighborhood. This CBS triplex is 2,409 sq ft on a 7,500 sq ft lot, with 3 rental units (1/1, 1/1, 2/2), full kitchens and baths, abundant on-site parking, and great outdoor living areas. Units 1 and 3 were renovated with updated interiors that attract solid tenants. In 2025, the dock electric was upgraded with a dedicated meter for dock power, one on each property. Next door, 121 Monroe Drive is an additional multifamily parcel of about 7,500 sq ft, ready for devel
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Concrete -
Heating & Cooling
Has Heating: Yes Heating: HeatStrip, SeparateMeters Has Cooling: Yes Cooling: CeilingFans, WallWindowUnits Water front: 1
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Building Information
Year Built: 1972Construction Materials: BlockFrontage Length: 120.00Private Pool: NoWater front Features: CanalFront,NoFixedBridges,OceanAccess
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Lot Information
Lot Description: QuarterToHalfAcreLotProperty Information
Subdivision: Vacation Village-AMD (89) Source Property Type: ResidentialIncome Property SubType: Triplex Property Age: 54
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Listing Price Information
Listing Price: $2899000Cash, Conventional, FHA, VaLoan
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Tax Information
Parcel Number: 00417500000100 Tax Year: 2025 Annual Tax: $21308 Tax Legal Desc: BK 1 W 1/2 LOT 4 VACATION VILLAGE AMND AND EXTENDED PB5-69 PLANTATION KEY OR528-881 OR1316-2492 OR2973-641 OR2973-642 OR
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Parking Information
Parking Total: 10
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School Information
Elementary School: Plantation Key Junior High School: Plantation Key Senior High School: Coral Shores -
Utility Information
CableAvailable -
Location Information
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ByOwner last updated this listing 08/17/2026 @ 23:26
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