Prime mixed-use investment opportunity in the heart of Key West

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Commercial For Sale

1018 Truman Avenue

Key West, Florida 33040

Monroe County Water View: Yes

Community: Gwynn Sub (1)

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$1,625,000 5 br, 7.0 bath 0 sq. ft. 0.000 acres

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.

Interior:
  • Bedrooms: 5
  • Baths: 7.0
  • Sq Ft: 0
  • Year Built: 1914
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: Water
  • Yard: 
  • Siding: Frame
  • Roof: 
  • Property Taxes: $11,387
  • MLS #: 618332
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Contact Information:
Beach Commercial For Sale in Key West, Florida
Listing Agent: Team Gardner/Langley, Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty, 305-294-5155, 305-294-5155 Listing Site, Listing Status: Active
Copyright © 2025 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7194582
Viewed 9 times.
Updated: Jan 27, 2026

This property is a Commercial located at 1018 Truman Avenue, Key West, Florida 33040, and is currently For Sale at $1,625,000. This Commercial has 5 bedrooms, 7.0 baths, 0 sq ft.