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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
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
