1104 Truman Avenue, Key West, FL 33040

$2,495,000
Property Type: Commercial Sale Bedrooms: 5 Baths: 4 Square Footage: 3,136 Lot Size (sq. ft.): 5,717 Status: Active
Current Price: $2,495,000 List Date: 5/16/2026 Last Modified: 5/16/2026

Description

NEW LISTING! Old Town Key West Four-Unit Property in a Prime Old Town Key West Location. 55 ft of Truman Avenue frontage. Property formerly configured for two business offices. Would be perfect for your business downstairs and reside upstairs. Generous off-street parking; a rare and valuable feature in Old Town, enhances desirability for business and/or residential occupants. Classic Conch-style construction with covered porches adds to the property's island appeal and long-term value. The property currently consists of one 2BR/1BA unit and three 1BR/1BA units, all licensed rentals.. Flexible layout supports a variety of uses including long-term rentals, monthly vacation rentals, employee housing, or mixed-use potential with possible commercial use on the ground level and residential above. The property also offers the potential to be reimagined as a spacious single-family residence. (Buyer to verify) This is an extremely well-located property with multiple use possibilities. Buyer to verify any conversion from existing use.

More Information MLS# 619930

Contract Information

Current Price: $2,495,000 Listing Date: 2026-05-14 Listing Board: Key West Association List Price: $2,495,000 Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 1104 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: 55 X 103 Lot SqFt: 5717 Waterfront: No # Parking Spaces: 4+ Off Street Parking: Yes # Stories: 2 Total # Buildings: 1 Building SqFt: 3136 Living Apx SqFt: 3136 Total Units: 4 Year Built: 1928 Total Bedrooms: 5 Full Baths: 4 Total Baths: 4

Status Change Info

Status: Active

License Info

# of City License: 4

Association Info

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

Vehicle Storage

Car(s): 4+

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

License Info: Non Trans Rntl Lic Type: Apartment 3 or more; Office Buildings Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Garage; Detached; Off Street Parking Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Heating: Varies by Unit Utilities: FKAA; Separate Meters Interior Features: Smoke Alarms Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: Fencing; High Traffc Location; High Visibility Construction: Frame Shutters: Other Floor: Combo Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Title: Negotiable Tenant Paid: Electric Property Rights: Other/See Remarks
Listing Office: Location 3 Real Estate of KW Inc (KW)
Last Updated: May - 16 - 2026
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