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5 Beds
3 Baths
2,111 sqft

$898,000

10833 2nd Avenue Gulf Avenue, MARATHON FL, 33050

Price per sqft$425.39
Built in1959
Property size2,111 sqft
Property typeTownhomes

Overview

Active

Listed Aug 2, 2026

Updated 3h ago

LETTER OF DETERMINATION WITH 3 RIGHTS | SELLER FINANCING | INCOME-PRODUCING TRIPLEX IN MARATHON Building rights are the scarcest asset in the Florida Keys, and this property comes with a Letter of Determination confirming 3 rights. That makes it an opportunity to hold, improve, or reposition a triplex in the Middle Keys with the entitlements already documented. Seller financing is available: $500,000 down over a 5-year term at a competitive rate, a real advantage in today's rate environment. The Property: Three fully renovated units, all currently leased: Unit 1: 2BR/1BA, spacious layout, modern open-concept interior Unit 2: 2BR/1BA, fully renovated Unit 3: Efficiency with a well-equipped kitchenette, ideal for a single tenant or short-term renter Tenants are on flexible month-to-month leases, which gives a buyer immediate cash flow and room to change course later. Ample on-site parking keeps the property easy to manage. Location: In the heart of Marathon, minutes from shops, restaurants, and everything the Middle Keys lifestyle offers. Who It's For: Investors building a rental portfolio, or an owner-occupant who wants to live in one unit and let the other two help cover the cost of ownership. Schedule your private showing today. Properties with documented building rights and owner financing don't come along often in Marathon.

$5,974/mo

Est. mortgage payment based on a $898,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
620847
Available since
August 2, 2026

Interior Features

Bedrooms
5
Bathrooms
3
Basement
No

Exterior Features

Lot Size
0.1 Acres

 

Courtesy of Kristin Herold

Based on information from DASH - Coldwell Banker (CB) as of 10/14/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

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Data last updated 6:04 AM UTC, 10/14/2026

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