513 Truman Avenue, Key West, FL 33040

$1,700,000

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

Current Price: $1,700,000 List Date: 4/03/2026 Last Modified: 4/09/2026

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.

More Information MLS# 619344

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $1,700,000 Listing Date: 2026-04-02 List Price: $1,700,000

Location, Tax & Legal

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 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

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 36 X 107 Lot SqFt: 3852 Total Units: 3 Off Street Parking: yes # Stories: 2 Building SqFt: 2604 Style: Commercial Living Apx SqFt: 2604 Year Built: 1913 Total Bedrooms: 2 Full Baths: 3 Half Baths: 1 Total Baths: 4

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.

Association Info

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

License Info

Non Trans Rntl Lic: 1

Type

Other Services: 1

Fee Includes

None: 1

Dockage

None: 1

Accounts & Meters

# Sewer Accounts: 3 # Electric Meters: 3

Appliances

Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Property Info

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

Cooling

Ceiling Fans(s): 1 Central Air: 1 Wall/Window Unit(s): 1

Waterfront

None: 1

Electric

Circuit Breakers: 1

Waterview

No Waterview: 1

Floor

Combo: 1 Tile: 1 Wood: 1

Vehicle Storage

Off Street Parking: 1

Construction

Combo Construction: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Shutters

Panel: 1

Tenant Paid

Cable: 1 Electric: 1

Status Change Info

Contingent: Contingent/Show Status: Contingent/Show

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: April - 09 - 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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