3 Types of Rental Property Investments for New InvestorsFor those who are looking for their first rental property investment, diversity in the market only serves to confuse them. There are just too many variables to the equation that leads to a successful investment. New investors can make better choices by discovering the best types of property investments in the rental market.

Single-Family Units

These homes are especially attractive to young families. A recent report by Forbes showed that single-family homebuilding rose 11 percent in December 2019, the highest ever since 2007, which was before the economic crisis.
To be more profitable, pick homes that have sound structure but require a bit of renovation. These homes will be priced much lower than the current market rate. This is to provide you with a protective cushion in case the market value takes a dive. Once renovated, this type of home can bring you steady income for years to come, provided you pick an established neighborhood that provides values to the renters.

Single-Tenant Triple-Net Properties

This type of property is perfect for investors who don’t have the time to actively manage the property. Basically, you’ll lease out your property to a single tenant. Most of the time, the tenant will be a company and they will be responsible for all expenses related to the property. The typical lease terms are from 10 to 25 years, renewable. If you have KFC, FedEx, or Ford as tenants, you’ve hit the jackpot.

Condos & Apartments

For those with more ample funds to invest, condos & apartments are synonymous with security and prosperity. These types of properties are often in their best conditions with little management required, and they attract well-behaved highly-educated tenants/vacation-renters, which is a landlord’s dream come true.
Knowing which types of rental properties yield the best result helps investors make better investment choices in the real estate market. If you plan to purchase on a mortgage, do careful calculations before you commit to ensure you don’t get caught in a cash shortage in the process.

Key West Investment Condos

Experience the relaxed lifestyle of Islamorada at its finest, Ocean Harbor Condominiums. This first-floor unit sits directly above its assigned covered parking space and is conveniently closest to the elevator for easy access. A private backyard staircase leads you straight to the pool and beach is just steps from your door. Whether you're seeking a personal retreat, a monthly vacation rental, or both, this home offers the perfect mix of comfort, convenience, and coastal charm.Inside, the spacious 2 bed/ 2-bath split floor plan offers 1,536 square feet of thoughtfully designed living space, providing privacy for guests, family, or friends. The primary suite features unobstructed ocean views, allowing you to wake up to the beauty of the sea each morning. The living room shares these sweeping vistas, perfect for tranquil sunrises. Enjoy your morning coffee on the porch or take a short walk to the Chickee Hut at the point, which offers ample entertainment space complete with barbecue grills and ice makers ideal for gatherings.Ocean Harbor is a gated community known for its extremely well maintained grounds, with meticulously raked beaches, freshly cut grass, and lush tropical landscaping throughout. Resort style amenities include a large pool and jacuzzi, tennis courts, and a jetty with a Tiki Hut offering breathtaking, unobstructed ocean views. The beautifully appointed clubhouse features a gym, co-working space, and lounge areas. Outdoor grills are located throughout the beach area and near the clubhouse for casual entertaining. For boating enthusiasts, there's a boat launch for trailers, on-site boat storage, and slips available for rent. Additional conveniences include electric vehicle charging stations, a pet-friendly policy allowing up to two pets of any size, and one assigned covered parking space.Enjoy the very best of Florida Keys living in this amenity enriched, beautifully maintained community. Easy to show, call for private showing $1,095,000 Active

87851 Old Highway M3 ISLAMORADA, Florida

2 Beds 2 Baths 1,536 SqFt

Discover the perfect retreat in this inviting 2-bedroom, 1.5-bathroom townhome in the delightful Key West Golf Club community. Tucked within a lush, gated enclave, this residence offers the best of resort-style living while maintaining the relaxed charm of the Florida Keys.Step inside to find an open-concept living space filled with tons of natural light. The kitchen boasts modern appliances and plenty of cabinet space, making it both stylish and functional. Beyond the kitchen is a dining area and spacious living room with sliding glass doors which lead to your private covered porch. The perfect spot for lounging outdoors and enjoying the Key West breeze. Downstairs from the porch is your own fenced-in backyard garden area, with ample storage underneath the property. Back inside and upstairs are two comfortably-sized bedrooms, with a private balcony off the primary suite. Residents of the Key West Golf Club enjoy access to two beautiful sparkling pools, a state-of-the-art fitness center, and an 18-hole Rees Jones-designed golf course. This home offers both convenience and tranquility, and is located minutes from Key West's historic Old Town, world-famous dining, and relaxing beaches. Schedule a private showing today! $559,000 Active

161 Golf Club Drive KEY WEST, Florida

2 Beds 2 Baths 780 SqFt 0.03 Acres

Fall in love with the breathtaking bayfront views and stunning sunsets from this beautifully remodeled 2-bedroom, 2-bath condo in prestigious Buttonwood Bay! This direct bayfront unit comes with an assigned 36-ft boat slip (36' x 12.75') and offers the ultimate Florida Keys lifestyle with spacious open-concept living and oversized bedrooms. Step inside to enjoy unobstructed bay views the moment you walk through the door, or dine alfresco on your expansive private balcony overlooking crystal-clear waters. The kitchen boasts granite countertops and stainless steel appliances, making it perfect for entertaining. This condo also features a brand-new A/C unit installed in 2025, ensuring year-round comfort in paradise. Buttonwood Bay is renowned for its luxury, five-star resort amenities, including a newly updated clubhouse with a heated pool, state-of-the-art fitness center overlooking the bay, full-service marina with ethanol-free fuel, and a marine store. Additional amenities include three heated pools, a private beach with a floating dock, six pickleball courts, five tennis courts, a basketball court, a children's library and play area, a boat ramp, trailer storage, and convenient fish-cleaning stations. This condo comes with an assigned parking space conveniently located near the elevator and seven designated guest parking spots for the X Building. The building has a new roof, and a brand-new elevator will be installed soon, offering even more convenience and peace of mind. Situated in the heart of the Upper Keys, Buttonwood Bay provides quick access to nearby restaurants, shops, and Miami, making it the perfect location for your next home or getaway. Bring your golf cart and start living the Keys life today! $1,095,000 Active

96000 Overseas Highway X23+36ftSlip KEY LARGO, Florida

2 Beds 2 Baths 1,278 SqFt

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!
In the meantime, check out these 1-click searches:

Newest Key West Commercial Properties on the Market

Very unique Marina & Resort in Islamorada, FL. Manager on site handles responsibilities with oversight from the absentee owner. Rare 1+ Acre Oceanside Lot with many uses possible. Deep water protected harbor with 18 large boat slips that can accommodate 50+ ft. yachts. Approach depth approximately 6 ft.+ at high tide with a clearly marked channel. Features include water, new 30 Amp and 50 Amp electric at each slip, fuel dock, concrete building with office, ship store, workshop, and garage/storage. 2 outdoor showers, 2 bath houses with indoor showers, stalls, and dressing area. New waste/pump-out station and fuel station. New Concrete In-ground Pool, Deck and Fence just completed. An additional separate concrete building used for storage on the North side of the property. Private marina, must call for an appointment and sign an NDA/CA for more information. $6,995,000 Active

200 Treasure Harbor Drive ISLAMORADA, Florida

4 Baths 1,069 SqFt

Rare Mixed-Use Investment Opportunity in the Heart of Key Largo! Discover a truly unique and versatile property that seamlessly blends commercial potential with comfortable residential living in one of the most sought-after locations in the Florida Keys. Positioned in a high-traffic area with exceptional visibility, this mixed-use asset offers an outstanding investment opportunity for entrepreneurs, business owners, and investors alike. The first floor boasts a spacious 1,026 sq. ft. commercial space, perfect for a business. Complementing this indoor space is an additional 672 sq. ft. covered outdoor work area with a convenient ramp, ideal for expanded operations, storage, or creative use. Whether you envision a thriving business or a workshop with high visibility, this space offers endless possibilities. Above the commercial space, the second floor features two charming one-bedroom, one-bathroom residential apartments, each spanning 750 sq. ft. These well-appointed units provide a comfortable and private living space, perfect for on-site business owners, rental income, or employee housing. With its prime Key Largo location, this property is surrounded by local shops, restaurants, and attractions, ensuring a steady stream of foot traffic and exposure. Whether you're looking to establish a business, generate rental income, or both, this versatile property is a rare gem that offers the perfect blend of work and living in the heart of the Keys. Don't miss this extraordinary opportunity. Contact us today to explore the endless potential of this unique mixed-use property! $1,399,000 Active

100693 Overseas Highway KEY LARGO, Florida

1 Baths 2,574 SqFt

Prime commercial property in the heart of downtown Key Largo. 5,457 sqft commercial space available immediately for lease! Access inside via private Elevator or Staircase. Large windows for natural lighting. Current floor plan includes many individual offices but could be reconfigured. Ample parking in front and side. $12 sqft gross lease. The unit has it's own bathrooms and kitchenette area. Great visibility on US 1! Zoned Urban Commercial with many possibilities. $5,457 Active

99451 Overseas Highway 2nd Floor KEY LARGO, Florida

4 Baths 13,260 SqFt

This is the price for one lot. Total of three contiguous, commercial dry lots at the end of 20th St. Oceanside. Big bonus, each lot includes a deeded and assigned deep water wet slip! Each lot may be purchased individually or together. Each lot is 94.5' wide by 110' deep and has its own water & electric meters. Three addresses are 351 20th St. Ocean, 361 20th St. Ocean and 371 20th St. Ocean as the end lot. Each lot is part of a Fisherman's Pointe HOA with fees of $1,200 per year per lot. Lots are currently being used by Fisherman for trap repair and storage. Favorable Mixed Use- Maritime Zoning allows for many commercial uses.The MU-M zoning district is intended to establish areas suitable for uses which are essential to the commercial maritime industry, including sales and service of fishing equipment and supplies, seafood processing, fishing equipment manufacture and treatment, boat storage, restaurants, retail and affordable housing residential uses.The MU district is designated within the Mixed-use Commercial (MUC) future land use category on the Future Land Use Map (FLUM). $749,900 Active

351 20th St, Marathon MARATHON, Florida


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