1018 Truman Avenue, Key West, FL 33040

$1,625,000
Property Type: Commercial Sale Bedrooms: 5 Baths: 7 Square Footage: 3,846 Lot Size (sq. ft.): 3,500 Status: Active
Current Price: $1,625,000 List Date: 1/27/2026 Last Modified: 1/27/2026

Description

Prime mixed-use investment opportunity in the heart of Key West. This well-maintained historic building features two commercial units on the ground floor with excellent visibility and foot traffic, plus five 1-bed, 1-bath residential units upstairs, creating high, diversified income. The property offers classic Old Town character with functional updates, multiple electric meters, and solid rental performance. A rare side yard and covered upper porch add additional tenant appeal. Fully leased to established tenants, this turnkey asset is ideal for investors seeking stable cash flow in a highly desirable location, just minutes from Duval Street, beaches, and Key West's top dining and entertainment.

More Information MLS# 618332

Contract Information

Current Price: $1,625,000 Listing Date: 2026-01-27 Listing Board: Key West Association List Price: $1,625,000 Limited Representation: No Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 1018 Street Name: Truman Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Gwynn Sub (1.0) County: Monroe Area: 02 - Key West

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 70 X 50 Lot SqFt: 3500 Waterfront: No Building SqFt: 3846 Living Apx SqFt: 3846 Year Built: 1914 Total Bedrooms: 5 Full Baths: 5 Half Baths: 2 Total Baths: 7

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Type: Apartment 3 or more; Other Comrcl Style; Professional Service; Retail Waterfront: None Waterview: No Waterview Dockage: None Utilities: Buyer to Verify Construction: Frame Land Size: More than 1 Lot Fee Includes: None Terms: No Seller Finance
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: January - 27 - 2026
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