1018 Truman Avenue, Key West, FL 33040

$1,300,000

Property Type: Commercial Sale Bedrooms: 5 Baths: 7 Square Footage: 3,846 Lot Size (sq. ft.): 3,500 Status: Closed

Current Price: $1,300,000 List Date: 1/27/2026 Last Modified: 6/16/2026

Overview

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.

Listing Details MLS# 618332

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
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1034029
Parcel #: 00033260-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW GWYNN SUB PT OF TR 13 G10-289 OR388-137/38 OR720-764 OR744-350 OR871-1205Q/C OR997-1355 OR1253-2276/77Q/C OR1507-2034
Taxes: 11386.57
Tax Year: 2025

Contract Information

Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
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
Control Depth: 0
Total Units: 0

Status Change Info

Under Contract Date: 2026-04-16
Sold Date: 2026-06-12

Association Info

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

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

Remarks & Misc

Remarks – Consumer: 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.

Type

Apartment 3 or more: Yes
Other Comrcl Style: Yes
Professional Service: Yes
Retail: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Construction

Frame: Yes

Land Size

More than 1 Lot: Yes

Terms

No Seller Finance: Yes

Utilities

Buyer to Verify: Yes

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: June - 16 - 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.

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