About This Home

This 2-bedroom, 5-bathroom commercial at 513 Truman Avenue in Key West, FL is listed for $1,850,000 ($710 per sqft). Built in 1913, the home offers 2,604 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1913
  • 0.09 acre lot
  • 2 stories

Property Details

2 stories
4 full, 2 half
1913

Amenities

ViewA/C
Listing Description

This Commercial Residential mixed use building offers an excellent investment or owner operator opportunity. A prime location 513 Truman has excellent visibility with heavy foot and vehicular traffic. Downstairs is a large commercial space currently vacant.

It could easily accommodate numerous commercial tenants. Upstairs are two apartments including a one bedroom one bath and a large studio. Both residential units have modern finishes including full kitchen, granite counters, stainless appliances, ample closet space and a shared laundry room.

Each unit features a private balcony. The original building was renovated and a large two story addition was built in 2010 which included the two apartments and an addition to the commercial space. There is parking for 2/3 cars tandem style on the side of the building. This versatile property is a rare find, located in a transient receiver zone.

Monthly Cost Estimate

$9,894/mo

20% down · 6.5% · 30 years

Principal$1,338
Interest$8,017
Insurance$540

Estimates only. Actual payments may vary.

Location

513 Truman Avenue

Key West, FL 33040

Old Town - Unrecord (1.0)

Features & Amenities

Interior Features

Smoke AlarmsLaundry RoomWindow Treatments

Property Details

Flooring

ComboTileWood

Construction

Combo Construction

Views

Water

Parking

Off Street

Cooling

Central Air

Appliances

RefrigeratorRangeWasherDryer

Questions & Answers

This 2-bedroom, 5-bathroom commercial at 513 Truman Avenue is listed at $1,850,000 ($710/sqft). The estimated monthly payment is $9,895 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1913, 0.09 acre lot, 2 stories. Interior Features: Smoke Alarms, Laundry Room, Window Treatments.

This property is listed by Key West Sisters.

KS

Key West Sisters

Agent at Preferred Properties Coastal Realty, Inc.

Listed by Preferred Properties Coastal Realty, Inc. · Broker phone: (305) 294-3040 · Broker website

MLS# 621449· Source: Key West Association of Realtors· 30 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.

513 Truman Avenue, Key West, FL 33040

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