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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
Building Class B
Lot Size 0.08 AC
Rentable Building Area 3,846 SF
No. Stories 2
Year Built 1914
Zoning HNC-1 - Neighborhood commercial: Simonton, Truman, and S. White Street corridors
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Number
00033260-000000
Land Assessment
$852,390
Improvements Assessment
$532,123
Total Assessment
$1,384,513
  • Listing ID: 39454014

  • Date on Market: 2/16/2026

  • Last Updated:

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

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