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$2,495,000
Key West, FL 33040
MLS# 619930
5 beds | 4 baths | 3136 sqft
1 / 28
Property Description
NEW LISTING! Old Town Key West Four-Unit Property in a Prime Old Town Key West Location. 55 ft of Truman Avenue frontage. Property formerly configured for two business offices. Would be perfect for your business downstairs and reside upstairs. Generous off-street parking; a rare and valuable feature in Old Town, enhances desirability for business and/or residential occupants. Classic Conch-style construction with covered porches adds to the property's island appeal and long-term value. The property currently consists of one 2BR/1BA unit and three 1BR/1BA units, all licensed rentals.. Flexible layout supports a variety of uses including long-term rentals, monthly vacation rentals, employee housing, or mixed-use potential with possible commercial use on the ground level and residential above. The property also offers the potential to be reimagined as a spacious single-family residence. (Buyer to verify) This is an extremely well-located property with multiple use possibilities. Buyer to verify any conversion from existing use.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Current Price: $2,495,000
Listing Date: 2026-05-14
List Price: $2,495,000
Location, Tax & Legal
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1033341
Parcel #: 00032580000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: Kw Gwynn Sub 0-195 Lot 16 Sqr 1 Tr 13 O-212 G7-1 Or281-437 Or406-880 Or991-2308 Or2980-0870 Or2980-0872 Or3216-0934
Taxes: 13790.99
Tax Year: 2025
Street #: 1104
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: 55 X 103
Lot SqFt: 5717
Total Units: 4
# Parking Spaces: 4+
Off Street Parking: Yes
# Stories: 2
Total # Buildings: 1
Building SqFt: 3136
Style: Commercial
Living Apx SqFt: 3136
Year Built: 1928
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: NEW LISTING! Old Town Key West Four-Unit Property in a Prime Old Town Key West Location.
55 ft of Truman Avenue frontage. Property formerly configured for two business offices. Would be perfect for your business downstairs and reside upstairs. Generous off-street parking; a rare and valuable feature in Old Town, enhances desirability for business and/or residential occupants. Classic Conch-style construction with covered porches adds to the property's island appeal and long-term value.
The property currently consists of one 2BR/1BA unit and three 1BR/1BA units, all licensed rentals.. Flexible layout supports a variety of uses including long-term rentals, monthly vacation rentals, employee housing, or mixed-use potential with possible commercial use on the ground level and residential above. The property also offers the potential to be reimagined as a spacious single-family residence. (Buyer to verify)
This is an extremely well-located property with multiple use possibilities. Buyer to verify any conversion from existing use.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 4
Non Trans Rntl Lic: 1
Type
Apartment 3 or more: 1
Office Buildings: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Wall/Window Unit(s): 1
Heating
Varies by Unit: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Combo: 1
Interior Features
Smoke Alarms: 1
Windows/Doors
Aluminum Windows: 1
Other Windows/Doors: 1
Vehicle Storage
Car(s): 4+
Garage: 1
Detached: 1
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Separate Meters: 1
Title
Negotiable: 1
Property Rights
Other/See Remarks: 1
Miscellaneous
Fencing: 1
High Traffc Location: 1
High Visibility: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Shutters
Other: 1
Tenant Paid
Electric: 1
Status Change Info
Status: Active
Property Features
License Info: Non Trans Rntl Lic
Type: Apartment 3 or more; Office Buildings
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Garage; Detached; Off Street Parking
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Heating: Varies by Unit
Utilities: FKAA; Separate Meters
Interior Features: Smoke Alarms
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Miscellaneous: Fencing; High Traffc Location; High Visibility
Construction: Frame
Shutters: Other
Floor: Combo
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Tenant Paid: Electric
Property Rights: Other/See Remarks
Listing Office: Location 3 Real Estate of KW Inc (KW)
Last Updated: May - 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.