# 402 Appelrouth Lane, Key West, FL 33040

> **TL;DR:** 3bd/7ba commercial, $2,490,000, built 1943.
> View, A/C. Est. $13,317/mo. Listed 324 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,490,000 |
| Bedrooms | 3 |
| Bathrooms | 6 full, 2 half |
| Year Built | 1943 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 324 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $12,591 |
| Estimated Insurance | $726 |
| **Total** | **$13,317** |

## Key Amenities

- View
- A/C

## Property Highlights

- Built in 1943
- 0.08 acre lot
- 3 stories

## Description

### Agent Description
**6%+ Cap Rate Opportunity ** Now offered at $2,490,000, this income producing Old Town property offers strong cash flow and immediate investor appeal. Located just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.

## Location

- **Address:** 402 Appelrouth Lane, Key West, FL 33040
- **County:** Monroe
- **Neighborhood:** Jack Sq Prof Cent (1.0)
- **Coordinates:** 24.554594, -81.803023
- **Google Maps:** https://www.google.com/maps?q=24.554594,-81.803023

## Listing Agent

- **Name:** Key West Sisters
- **Brokerage:** Preferred Properties Coastal Realty, Inc.
- **Phone:** 3057470369
- **Broker Phone:** (305) 294-3040
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/KWARFL/617030/?channel=propsimple)

## Photos

![402 Appelrouth Lane - Photo 1](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3853600357r.jpg)

![402 Appelrouth Lane - Photo 2](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f994450642r.jpg)

![402 Appelrouth Lane - Photo 3](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3174521833r.jpg)

![402 Appelrouth Lane - Photo 4](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f632605462r.jpg)

![402 Appelrouth Lane - Photo 5](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3494107071r.jpg)

![402 Appelrouth Lane - Photo 6](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2151548511r.jpg)

![402 Appelrouth Lane - Photo 7](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3636511748r.jpg)

![402 Appelrouth Lane - Photo 8](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f517843189r.jpg)

![402 Appelrouth Lane - Photo 9](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2462571239r.jpg)

![402 Appelrouth Lane - Photo 10](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1735973720r.jpg)

![402 Appelrouth Lane - Photo 11](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1244764727r.jpg)

![402 Appelrouth Lane - Photo 12](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3881310986r.jpg)

![402 Appelrouth Lane - Photo 13](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1677809376r.jpg)

![402 Appelrouth Lane - Photo 14](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3890511755r.jpg)

![402 Appelrouth Lane - Photo 15](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f4085251511r.jpg)

![402 Appelrouth Lane - Photo 16](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f663678831r.jpg)

![402 Appelrouth Lane - Photo 17](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f889827304r.jpg)

![402 Appelrouth Lane - Photo 18](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f855087242r.jpg)

![402 Appelrouth Lane - Photo 19](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3177096377r.jpg)

![402 Appelrouth Lane - Photo 20](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1025864591r.jpg)

![402 Appelrouth Lane - Photo 21](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2900979096r.jpg)

![402 Appelrouth Lane - Photo 22](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2361789140r.jpg)

![402 Appelrouth Lane - Photo 23](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3334222655r.jpg)

![402 Appelrouth Lane - Photo 24](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f901289968r.jpg)

![402 Appelrouth Lane - Photo 25](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1477935223r.jpg)

![402 Appelrouth Lane - Photo 26](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3865061243r.jpg)

![402 Appelrouth Lane - Photo 27](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f203821435r.jpg)

![402 Appelrouth Lane - Photo 28](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f4021183338r.jpg)

![402 Appelrouth Lane - Photo 29](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3896174698r.jpg)

![402 Appelrouth Lane - Photo 30](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2763587090r.jpg)

![402 Appelrouth Lane - Photo 31](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3180504191r.jpg)

![402 Appelrouth Lane - Photo 32](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2007424507r.jpg)

![402 Appelrouth Lane - Photo 33](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3802498212r.jpg)

![402 Appelrouth Lane - Photo 34](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1643519358r.jpg)

![402 Appelrouth Lane - Photo 35](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3983384508r.jpg)

![402 Appelrouth Lane - Photo 36](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3059215066r.jpg)

![402 Appelrouth Lane - Photo 37](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1663972966r.jpg)

![402 Appelrouth Lane - Photo 38](http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2593217015r.jpg)

---

**MLS#:** 617030 | **Updated:** 2026-09-12
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/402-appelrouth-lane-key-west-fl-33040-l617030)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "@id": "https://www.propertysimple.ai/listing/402-appelrouth-lane-key-west-fl-33040-l617030#listing",
  "url": "https://www.propertysimple.ai/listing/402-appelrouth-lane-key-west-fl-33040-l617030",
  "name": "402 Appelrouth Lane, Key West, FL 33040",
  "description": "**6%+ Cap Rate Opportunity ** Now offered at $2,490,000, this income producing Old Town property offers strong cash flow and immediate investor appeal. Located just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.",
  "image": [
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3853600357r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f994450642r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3174521833r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f632605462r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3494107071r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2151548511r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3636511748r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f517843189r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2462571239r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1735973720r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1244764727r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3881310986r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1677809376r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3890511755r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f4085251511r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f663678831r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f889827304r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f855087242r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3177096377r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1025864591r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2900979096r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2361789140r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3334222655r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f901289968r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1477935223r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3865061243r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f203821435r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f4021183338r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3896174698r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2763587090r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3180504191r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2007424507r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3802498212r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1643519358r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3983384508r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3059215066r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1663972966r.jpg",
    "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2593217015r.jpg"
  ],
  "primaryImageOfPage": {
    "@type": "ImageObject",
    "url": "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3853600357r.jpg",
    "caption": "402 Appelrouth Lane - Key West, FL"
  },
  "datePosted": "2025-10-24T00:00:00+00:00",
  "dateModified": "2026-09-12T21:35:18.039203+00:00",
  "mainEntity": {
    "@type": "Place",
    "@id": "https://www.propertysimple.ai/listing/402-appelrouth-lane-key-west-fl-33040-l617030#property",
    "name": "402 Appelrouth Lane, Key West, FL 33040",
    "address": {
      "@type": "PostalAddress",
      "streetAddress": "402 Appelrouth Lane",
      "addressLocality": "Key West",
      "addressRegion": "FL",
      "postalCode": "33040",
      "addressCountry": "US"
    },
    "geo": {
      "@type": "GeoCoordinates",
      "latitude": 24.554594,
      "longitude": -81.803023
    },
    "image": [
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3853600357r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f994450642r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3174521833r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f632605462r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3494107071r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2151548511r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3636511748r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f517843189r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2462571239r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1735973720r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1244764727r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3881310986r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1677809376r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3890511755r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f4085251511r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f663678831r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f889827304r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f855087242r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3177096377r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1025864591r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2900979096r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2361789140r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3334222655r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f901289968r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1477935223r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3865061243r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f203821435r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f4021183338r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3896174698r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2763587090r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3180504191r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2007424507r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3802498212r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1643519358r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3983384508r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f3059215066r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f1663972966r.jpg",
      "http://lh.rdcpix.com/95f1708405652e9fc9bde382211ccec3l-f2593217015r.jpg"
    ],
    "identifier": {
      "@type": "PropertyValue",
      "propertyID": "MLS",
      "value": "617030"
    },
    "amenityFeature": [
      {
        "@type": "LocationFeatureSpecification",
        "name": "Cooling",
        "value": "Wall/Window Unit(s), Window Unit(s), Central Air"
      },
      {
        "@type": "LocationFeatureSpecification",
        "name": "Appliances",
        "value": "Refrigerator"
      },
      {
        "@type": "LocationFeatureSpecification",
        "name": "Flooring",
        "value": "Wood, Combo"
      },
      {
        "@type": "LocationFeatureSpecification",
        "name": "Construction Materials",
        "value": "Frame"
      },
      {
        "@type": "LocationFeatureSpecification",
        "name": "Views",
        "value": "Water"
      },
      {
        "@type": "LocationFeatureSpecification",
        "name": "Air Conditioning",
        "value": true
      },
      {
        "@type": "LocationFeatureSpecification",
        "name": "View",
        "value": true
      }
    ],
    "additionalProperty": [
      {
        "@type": "PropertyValue",
        "name": "Lot Size",
        "value": "0.08 acres"
      },
      {
        "@type": "PropertyValue",
        "name": "Stories",
        "value": 3
      },
      {
        "@type": "PropertyValue",
        "name": "Property Subtype",
        "value": "Other"
      },
      {
        "@type": "PropertyValue",
        "name": "Property Type",
        "value": "Commercial"
      }
    ]
  },
  "offers": {
    "@type": "Offer",
    "@id": "https://www.propertysimple.ai/listing/402-appelrouth-lane-key-west-fl-33040-l617030#offer",
    "url": "https://www.propertysimple.ai/listing/402-appelrouth-lane-key-west-fl-33040-l617030",
    "price": 2490000,
    "priceCurrency": "USD",
    "businessFunction": "http://purl.org/goodrelations/v1#Sell",
    "availability": "https://schema.org/InStock",
    "seller": {
      "@id": "https://www.propertysimple.ai/listing/402-appelrouth-lane-key-west-fl-33040-l617030#agent"
    }
  },
  "provider": {
    "@type": "Person",
    "@id": "https://www.propertysimple.ai/listing/402-appelrouth-lane-key-west-fl-33040-l617030#agent",
    "name": "Key West Sisters",
    "telephone": "3057470369",
    "worksFor": {
      "@type": "Organization",
      "@id": "https://www.propertysimple.ai/listing/402-appelrouth-lane-key-west-fl-33040-l617030#brokerage",
      "name": "Preferred Properties Coastal Realty, Inc.",
      "telephone": "(305) 294-3040"
    }
  }
}
```