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1018 Truman Ave 1018 Truman Ave 3,846 SF 100% Leased Flex Building Key West, FL 33040 $1,625,000 ($422.52/SF)

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Executive Summary

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.

Property Facts

Price $1,625,000
Price Per SF $422.52
Sale Type Investment
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Property Type Flex
Rentable Building Area 3,846 SF
No. Stories 2
Year Built 1914
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39454014

  • Date on Market: 2/16/2026

  • Last Updated:

  • Address: 1018 Truman Ave, Key West, FL 33040

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