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1501 Truman Avenue, Key West, FL 33040
$3,750,000
Property Type:
Commercial Sale
Bedrooms:
4
Baths:
4
Square Footage:
2,214
Lot Size (sq. ft.):
4,364
Status:
Active
Current Price:
$3,750,000
List Date:
10/07/2026
Last Modified:
10/07/2026
Description
Exceptional Key West Investment Opportunity with 3 Transient Licenses. The property consists of four private one bedrooms, one bath units, each featuring its own kitchen, living area, bedroom, and full bathroom. Most importantly, three of the four units benefit from transient rental licenses allowing nightly rentals, an increasingly rare and valuable asset in the Key West market. The fourth unit is currently rented monthly. Guests enjoy a shared private courtyard with a swimming pool, creating an inviting tropical setting and a desirable amenity for vacation renters. The property also offers three parking spaces, an added convenience in Key West. Renovated in 2018, the units blend classic Key West character with modern updates. Features include Dade County pine, engineered wood flooring, granite countertops, updated kitchen cabinetry and appliances, along with updated plumbing and electrical systems. Each unit is designed to operate independently, making the property well suited for continued use as an income producing investment.
More Information MLS# 621522
Contract Information
Current Price: $3,750,000
Listing Date: 2026-10-06
Listing Board: Key West Association
List Price: $3,750,000
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location Tax Legal
Street #: 1501
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: The Meadows (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 49 X 88
Lot SqFt: 4364
Waterfront: No
# Parking Spaces: 3
Off Street Parking: 3
# Stories: 2
Total # Buildings: 1
Building SqFt: 2214
SqFt Source: Property Data Card
Living Apx SqFt: 2214
Total Units: 4
Year Built: 1928
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Status Change Info
Status: Active
License Info
# of City License: 4
# of County License: 4
# of Transient Licns: 3
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Property Info
# Kitchens: 4
# Refrigerators: 4
# Range/Ovens: 4
# Washers: 1
# Dryers: 1
1 Bed/Bath: 4
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Deed Restrictions: No
Type: Other Comrcl Style
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Guest Parking; Off Street Parking
Cooling: Wall/Window Unit(s)
Utilities: FKAA
Interior Features: Furnished; Smoke Alarms
Appliances: Dryer; Refrigerator; Washer
Miscellaneous: Pool
Construction: Frame
Electric: Other Electric
Shutters: Other
Floor: Combo; Laminate; Tile
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Property Rights: Multi-Use/Commercial
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: October - 07 - 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.
