# 402 Appelrouth Lane, Key West, FL 33040

> **TL;DR:** 3bd/7ba commercial, $2,490,000, built 1943.
> View, A/C. Est. $10,790/mo. Listed 220 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 | For Sale |
| Days on Market | 220 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $10,790 |
| **Total** | **$10,790** |

## 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 (KW)
- **Phone:** 3057470369
- **Email:** keywestpropertysisters@gmail.com

## Primary Photo

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

*38 total photos available on [listing page](https://www.propertysimple.com/listing/402-appelrouth-lane-key-west-fl-33040-l617030)*

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**MLS#:** 617030 | **Updated:** 2026-06-18
**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.com/listing/402-appelrouth-lane-key-west-fl-33040-l617030)

---

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