About This Home

This 4-bedroom, 4-bathroom commercial at 1501 Truman Avenue in Key West, FL is listed for $3,750,000 ($1,694 per sqft). Built in 1928, the home offers 2,214 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1928
  • 0.10 acre lot
  • 2 stories

Property Details

2 stories
4 full
1928

Amenities

ViewA/C
Listing Description

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.

Monthly Cost Estimate

$20,056/mo

20% down · 6.5% · 30 years

Principal$2,712
Interest$16,250
Insurance$1,094

Estimates only. Actual payments may vary.

Location

1501 Truman Avenue

Key West, FL 33040

The Meadows (1.0)

Property Details

Flooring

TileLaminateCombo

Construction

Frame

Views

Water

Parking

Off StreetGuest

Cooling

Window Unit(s)Wall/Window Unit(s)

Appliances

RefrigeratorWasherDryer

Questions & Answers

This 4-bedroom, 4-bathroom commercial at 1501 Truman Avenue is listed at $3,750,000 ($1,694/sqft). The estimated monthly payment is $20,056 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1928, 0.10 acre lot, 2 stories.

This property is listed by Jenna Vega Blackwell.

JB

Jenna Vega Blackwell

Agent at Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty

Listed by Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty · Broker phone: (305) 294-5155 · Broker website

MLS# 621522· Source: Key West Association of Realtors· 23 days on PropertySimple

Copyright © 2026 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.

1501 Truman Avenue, Key West, FL 33040

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