Home » Properties » 440-442 48th Street Ocean, Marathon FL 33050

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Duplex with Canal Frontage in Marathon, FL

Spacious 2244 sqft duplex on 7,500 sqft lot with dock, pool, and fenced yard in Marathon, FL. Ideal for living and rental income.

$1,725,000

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MLS #A11841247

Listing Updated: 2026-07-13 18:35:27

Listed By: LoKation

Overview

This well-maintained duplex in Marathon, Florida, offers two separate units, each featuring three bedrooms and two bathrooms. Situated on a generous 7,500 square foot lot, the property includes 75 feet of dock and sea wall access, perfect for boating enthusiasts. The above-ground pool and fully fenced yard provide a comfortable outdoor space for relaxation and entertaining. With separate utilities and ample parking, the duplex is versatile for owner-occupants or investors. Its canal-front location offers quick access to the ocean and bay, enhancing the Florida lifestyle. Short-term rentals are permitted with the proper license, making this property a flexible option in a strong rental market.

Property Highlights

Duplex with 3 bedrooms and 2 bathrooms per unit, 75 feet dock/sea wall, 7,500 sqft lot, above-ground pool, fenced yard, canal-front location, short-term rental potential.

Property Details

City: Marathon

State: FL

Zip Code: 33050

Address: 440-442 48th Street Ocean, Marathon FL 33050

Year Built: 1981

Property Type: Residential Income

Property Sub Type: Duplex

Listing Office Name: LoKation

County: Monroe County

Garage Spaces:

Parking Features:

Interior Features: Stairs

Exterior Features: Barbeque, Open Balcony, Outdoor Shower, Room For Pool

Waterfront: Yes

Pool: No

HOA Fee: $0

Annual Tax: $11,601

Days On Market: 326 Days

Original Listing Description

Stunning duplex on a generous 7,500 square foot lot with 75 feet of dock/sea wall. Each unit has 3 bedrooms and 2 bathrooms. Enjoy the Florida lifestyle with an above ground pool and fully fenced yard, ideal for entertaining. Short term rentals possible with the appropriate license. Live in one unit and receive rental income from the other, keep it as a duplex investment, or convert it into a single-family home facing deep water canal with no bridges. Strong rental market. Both units offer spacious layouts, ample parking, and separate utilities. The property's canal front location offers excellent access to the ocean/bay with minimal time. Very well protected with boot key harbor. The owner is a real estate agent

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

440-442 48th Street Ocean, Marathon FL 33050

About This Neighborhood

Located in Marathon, this property benefits from a community known for its boating and outdoor lifestyle. The neighborhood provides easy access to local marinas, beaches, and dining options. Residents enjoy a relaxed coastal atmosphere with convenient proximity to essential services. The area’s canal-front homes and well-maintained streets contribute to a welcoming environment for families and professionals alike.

Walkability & Lifestyle

The property is situated in a walkable area with access to local shops, restaurants, and waterfront parks. Residents can enjoy nearby beaches and marinas, supporting an active outdoor lifestyle. Daily conveniences are within reach, making it easy to enjoy the coastal environment without extensive travel.

Things To Do Nearby

Marathon is known for its outdoor recreational opportunities including boating, fishing, and beach activities. The area offers dining options with fresh seafood and local cuisine, as well as cultural attractions and nightlife. Golf courses and parks provide additional leisure activities for residents and visitors.

Nearby Schools

Marathon offers access to several educational institutions within reasonable distances, providing options for families with school-age children. The community supports convenient transportation routes to local schools, ensuring accessibility and ease for daily commutes. Educational facilities in the area contribute to the neighborhood’s family-friendly reputation.

Why Buyers Like This Area

Buyers appreciate this Marathon duplex for its canal-front location, versatile layout, and outdoor amenities like the pool and fenced yard. The ability to live in one unit while renting the other or to convert the property into a single-family home adds to its appeal. Its proximity to the ocean and boating facilities enhances the Florida lifestyle sought by many.

Investment Potential

This duplex in Marathon offers a solid opportunity for buyers interested in residential income properties. Its location on a canal with direct ocean access enhances its appeal for tenants seeking waterfront living. The property’s layout with separate utilities and parking supports dual occupancy, making it attractive for rental income or owner-occupancy combined with rental. The allowance for short-term rentals, subject to licensing, adds flexibility in the rental market. Overall, the property’s features and location support steady tenant interest in a desirable Florida community.

Market Trends

Marathon’s real estate market remains steady, with demand for waterfront and canal-front properties maintaining interest among buyers. Inventory levels support a balanced market, offering options for both investors and owner-occupants. The area’s appeal is sustained by its lifestyle amenities and accessibility to the Florida Keys, attracting a diverse range of buyers seeking coastal living.

Rental Income Potential

The duplex’s design and location support attractive rental potential, especially for tenants looking for short-term or seasonal stays near the water. The property’s proximity to boating and recreational activities increases its appeal. With proper licensing, short-term rentals can be pursued, while long-term tenants may also find the spacious units desirable. This flexibility enhances the property’s usability in the rental market.