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$1,850,000
Key West, FL 33040
MLS# 621449
2 beds | 6 baths | 2604 sqft
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Property 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 vacant. It could easily accommodate numerous commercial tenants. Upstairs are two apartments including a one bedroom one bath and a large studio. Both residential units have modern finishes including full kitchen, 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.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $1,850,000
Listing Date: 2026-09-29
List Price: $1,850,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Alternate Key #: 1018210
Parcel #: 00017760000000
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
# Parking Spaces: 2
Off Street Parking: 2
# Stories: 2
SqFt Source: Tax Records
Building SqFt: 2604
Style: Commercial
Living Apx SqFt: 2604
Year Built: 1913
Total Bedrooms: 2
Full Baths: 4
Half Baths: 2
Total Baths: 6
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 vacant. It could easily accommodate numerous commercial tenants. Upstairs are two apartments including a one bedroom one bath and a large studio. Both residential units have modern finishes including full kitchen, 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.
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
# Water Meters: 3
# Electric Meters: 3
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
# Efficiencies: 1
# Range/Ovens: 2
# Washers: 1
# Dryers: 1
1 Bed/Bath: 1
Cooling
Central Air: 1
Waterfront
None: 1
Electric
Circuit Breakers: 1
Waterview
No Waterview: 1
Floor
Combo: 1
Tile: 1
Wood: 1
Interior Features
Laundry Room: 1
Smoke Alarms: 1
Window Treatments: 1
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Car(s): 3
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
Status Change Info
Status: Active
Property Features
License Info: Non Trans Rntl Lic
Type: Other Services
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Interior Features: Laundry Room; Smoke Alarms; Window Treatments
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
Listing Office: Preferred Properties (KW)
Last Updated: September - 30 - 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.