Search
$1,300,000
Key West, FL 33040
MLS# 618332
Status: Closed
5 beds | 7 baths | 3846 sqft
1 / 9
Property 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.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $1,300,000
Listing Date: 2026-01-27
Sold Price: $1,300,000
Location, Tax & Legal
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
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 70 X 50
Lot SqFt: 3500
Total Units: 0
Building SqFt: 3846
Style: Commercial
Living Apx SqFt: 3846
Year Built: 1914
Total Bedrooms: 5
Full Baths: 5
Half Baths: 2
Total Baths: 7
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.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Apartment 3 or more: 1
Other Comrcl Style: 1
Professional Service: 1
Retail: 1
Fee Includes
None: 1
Dockage
None: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Construction
Frame: 1
Land Size
More than 1 Lot: 1
Terms
No Seller Finance: 1
Utilities
Buyer to Verify: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2026-04-16
Sold Date: 2026-06-12
Sold Price: $1,300,000
Status: Closed
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.