$3,750,000

1501 Truman Avenue, Key West FL, 33040

Price per sqft$1,693.77

Built in1928

Property size2,214 sqft

Property typeCommercial

Overview

Active

Listed Oct 7, 2026

Updated 42h ago

Exceptional Key West Investment Opportunity with 3 Transient Licenses. The property consists of four private one bedrooms, one bath units, each featuring its own kitchen, living area, bedroom, and full bathroom. Most importantly, three of the four units benefit from transient rental licenses allowing nightly rentals, an increasingly rare and valuable asset in the Key West market. The fourth unit is currently rented monthly. Guests enjoy a shared private courtyard with a swimming pool, creating an inviting tropical setting and a desirable amenity for vacation renters. The property also offers three parking spaces, an added convenience in Key West. Renovated in 2018, the units blend classic Key West character with modern updates. Features include Dade County pine, engineered wood flooring, granite countertops, updated kitchen cabinetry and appliances, along with updated plumbing and electrical systems. Each unit is designed to operate independently, making the property well suited for continued use as an income producing investment.

Additional information

MLS^® ID: 621522

Interior Features

Bedrooms: 4
Bathrooms: 4
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.1 Acres

Other Property Details

Taxes: $21,731
Tax Frequency: Annually
View: Yes

Listed by Jenna Vega Blackwell with Berkshire Hathaway HomeServices Knight & Gardner Realty
Listing Contact: 305-393-6573

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 10/7/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/7/2026 at 3:52 AM UTC