513 Truman Avenue, Key West, FL 33040

$1,600,000

Located off the corner of Duval and Truman.

Property Type: Commercial Sale Bedrooms: 2 Baths: 4 Square Footage: 2,604 Lot Size (sq. ft.): 3,852 Status: Closed

Current Price: $1,600,000 List Date: 4/03/2026 Last Modified: 7/01/2026

Overview

Description

This Commercial Residential mixed use building offers an excellent investment or owner operator opportunity. A prime location, 513 Truman has excellent visibility with heavy foot and vehicular traffic. Downstairs is a large commercial space currently used by one tenant. It could easily accommodate numerous commercial tenants. Upstairs are two apaprtments including a one bedroom one bath and a large studio. Both residential units have modern finishes including granite counters, stainless appliances, ample closet space and a shared laundry room. Each unit features a private balcony. The original building was renovated and a large two story addition was built in 2010 which included the two apartments and an addition to the commercial space. There is parking for 2/3 cars tandem style on the side of the building. This versitile property is a rare find.

Listing Details MLS# 619344

Location, Tax & Legal

Street #: 513
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: X
Alternate Key #: 1018210
Parcel #: 00017760-000000
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Legal: KW PT LOT 4 SQR 8 TR 4 H1-88 OR925-1812 OR935-389/94 OR936-906/07 OR939-58 OR945-645 OR1055-1270/71 OR1055-1861 OR1287-1
Taxes: 10768.02
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: 3852
Waterfront: No
Off Street Parking: yes
# Stories: 2
Building SqFt: 2604
Living Apx SqFt: 2604
Total Units: 3
Year Built: 1913
Total Bedrooms: 2
Full Baths: 3
Half Baths: Yes
Total Baths: 4
Control Depth: 0

Status Change Info

Under Contract Date: 2026-06-30
Sold Date: 2026-06-30

Association Info

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

Property Info

# Efficiencies: Yes
# Refrigerators: 2
# Range/Ovens: 2
# Washers: Yes
# Dryers: Yes
1 Bed/Bath: Yes

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: This Commercial Residential mixed use building offers an excellent investment or owner operator opportunity. A prime location, 513 Truman has excellent visibility with heavy foot and vehicular traffic. Downstairs is a large commercial space currently used by one tenant. It could easily accommodate numerous commercial tenants. Upstairs are two apaprtments including a one bedroom one bath and a large studio. Both residential units have modern finishes including granite counters, stainless appliances, ample closet space and a shared laundry room. Each unit features a private balcony. The original building was renovated and a large two story addition was built in 2010 which included the two apartments and an addition to the commercial space. There is parking for 2/3 cars tandem style on the side of the building. This versitile property is a rare find.
Directions: Truman Ave. between Simonton and Duval.

License Info

Non Trans Rntl Lic: Yes

Type

Other Services: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Accounts & Meters

# Sewer Accounts: 3
# Electric Meters: 3

Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes
Wall/Window Unit(s): Yes

Waterfront

None: Yes

Electric

Circuit Breakers: Yes

Waterview

No Waterview: Yes

Floor

Combo: Yes
Tile: Yes
Wood: Yes

Vehicle Storage

Off Street Parking: Yes

Construction

Combo Construction: Yes

Land Size

Less Than 1/4 Acre: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Roof

Metal Roof: Yes

Shutters

Panel: Yes

Tenant Paid

Cable: Yes
Electric: Yes

Property Features

License Info: Non Trans Rntl Lic Type: Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Appliances: Dryer; Range; Refrigerator; Washer Construction: Combo Construction Electric: Circuit Breakers Shutters: Panel Floor: Combo; Tile; Wood Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Tenant Paid: Cable; Electric

Listing Office: Preferred Properties (KW)

Last Updated: July - 01 - 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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