1018 Truman Avenue, Key West, FL 33040 - Photo 1

1/1

$1,300,000

Sold
Closed
Commercial

1/1

Property Description

Prime mixed-use investment opportunity in the heart of Key West. This well-maintained historic building features two commercial units on the ground floor with excellent visibility and foot traffic, plus five 1-bed, 1-bath residential units upstairs, creating high, diversified income. The property offers classic Old Town character with functional updates, multiple electric meters, and solid rental performance. A rare side yard and covered upper porch add additional tenant appeal. Fully leased to established tenants, this turnkey asset is ideal for investors seeking stable cash flow in a highly desirable location, just minutes from Duval Street, beaches, and Key West's top dining and entertainment.

Full Property Details

Full Property Details for 1018 Truman Ave

General

Sold For: $1,300,000
Taxes: $11,386 (2025)
Status: Closed
Type: Commercial
Source: 927
MLS ID: 618332
Added to Site: 156 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 7
Full Bathrooms: 5
Half Bathrooms: 2

Bedrooms

Total Bedrooms: 5

Location

Area: 02 - Key West
County: Monroe
Subdivision: Gwynn Sub (1.0)

Community

Assoc. Fees Include: None

Structural Information

Construction: Frame
Square Feet: 3,846
Year Built: 1914

Lot Features

Property View: No Waterview
Lot Size (Acres): 0.08
Lot Size (Sq. Ft.): 3,500
Lot Dimensions: 70 x 50
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Water Features

Water View: Yes

Financial Considerations

Tax Amount: $11,386.57
Tax Year: 2025
Terms: No Seller Finance

Disclosures and Reports

Legal Description: KW GWYNN SUB PT OF TR 13 G10-289 OR388-137/38 OR720-764 OR744-350 OR871-1205Q/C OR997-1355 OR1253-2276/77Q/C OR1507-2034
Flood Zone: 0.2 PCT ANNUAL CHANC
APN: 00033260-000000

Listed by Berkshire Hathaway HomeServices Knight & Gardner Realty, Team Gardner/Langley (305) 902-2447 and Berkshire Hathaway HomeServices Knight & Gardner Realty, Rebecca Cobo (305) 797-4130
Sold by Berkshire Hathaway HomeServices Knight & Gardner Realty, Louis Condos and Berkshire Hathaway HomeServices Knight & Gardner Realty, Mary Jo Rostien

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Listing agents

— 1018 Truman Ave —

Team Gardner/Langley

Berkshire Hathaway HomeServices Knight & Gardner Realty
Rebecca Cobo

Berkshire Hathaway HomeServices Knight & Gardner Realty

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Schools

Schools serving 1018 Truman Ave

School District:Monroe County School District, Middle Torch Key, FL

Name	Grades	Distance
Horace O'bryant School 1105 Leon Street, Key West, FL 33040	6-8	0.4 mi
Key West High School 2100 Flagler Avenue, Key West, FL 33040	9-12	1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1018 Truman Ave

Date

Details

Price

Change

Source

6/12/2026

Sold

$1,300,000

-20%

MLS

1/27/2026

Listed

$1,625,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Just Listed

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5331 5th Ave Stock Island, FL 33040

Commercial
Active

Listed by Bascom Grooms Real Estate (KW), Bascom L Grooms

Just Listed

$2,150,000

5331 5th Ave Stock Island, FL 33040

Multi-Family
Active
Updated 2 days ago

0.69
Acres

Listed by Bascom Grooms Real Estate (KW), Bascom L Grooms

21007 4th Ave, Cudjoe Key, FL 33042 - Photo 1

Just Listed

$1,499,000

21007 4th Ave Cudjoe Key, FL 33042

Single Family
Active
Updated 2 days ago

3
Beds
3
Total Baths
1,596
Sq. Ft.

Listed by Coldwell Banker Schmitt Real Estate Co, Diane Corliss

701 Spanish Main Dr, Cudjoe Key, FL 33042 - Photo 1

Just Listed

$215,000

701 Spanish Main Dr #LOT 610 Cudjoe Key, FL 33042

Lots/Land
Active
Updated 1 day ago

0.05
Acres

Listed by Bluescape Real Estate, Ian Calderwood

813 Hawksbill Ln, Sugarloaf, FL 33042 - Photo 1

Price Reduced

-$20,000 (-2.2%)

$890,000

813 Hawksbill Ln Sugarloaf, FL 33042

Single Family
Active
Updated 1 day ago

2
Beds
2
Total Baths
1,008
Sq. Ft.

885 Hawksbill Ln, Sugarloaf Key, FL 33042 - Photo 1

Price Reduced

-$100,000 (-7.15%)

$1,299,000

885 Hawksbill Ln Sugarloaf Key, FL 33042

Single Family
Active
Updated 6 days ago

3
Beds
2
Total Baths
1,398
Sq. Ft.

Listed by Coastal Collection Real Estate Inc., Tommy Mack

21423 Overseas Hwy, Cudjoe Key, FL 33042 - Photo 1

Price Reduced

-$25,000 (-1.92%)

$1,274,000

21423 Overseas Hwy Cudjoe Key, FL 33042

Commercial
Active

Listed by RE/MAX Keys Connection (KW), Curtis A Skomp, CCIM and RE/MAX Keys Connection (KW), Bobby W Coe IV

Price Reduced

-$7,400 (-2.68%)

$269,000

701 Spanish Main Dr #423 Cudjoe Key, FL 33042

Mobile Home
Active
Updated 2 days ago

1
Bed
1
Total Bath
316
Sq. Ft.

Listed by Bluescape Real Estate, Lanny Gardner

1011 Truman Ave, Key West, FL 33040 - Photo 1

Sold

$1,300,000

1011 Truman Ave Key West, FL 33040

Commercial
Closed

Listed and Sold by Berkshire Hathaway HomeServices Knight & Gardner Realty, Team Gardner/Langley

1107 Olivia St, Key West, FL 33040 - Photo 1

Sold

$1,300,000

1107 Olivia St Key West, FL 33040

Single Family
Closed

2
Beds
2
Total Baths
1,125
Sq. Ft.

Listed by Berkshire Hathaway HomeServices Knight & Gardner Realty, Forrest Shearin
Sold by Coastal Collection Real Estate Inc., Tommy Mack

1113 Watson St, Key West, FL 33040 - Photo 1

Sold

$1,300,000

1113 Watson St Key West, FL 33040

Duplex
Closed

5
Beds
3
Total Baths
1,819
Sq. Ft.

Listed by Lokation Real Estate, Dawn M McComish
Sold by Berkshire Hathaway HomeServices Knight & Gardner Realty, Zainya Zimmerer

1033 Catherine St, Key West, FL 33040 - Photo 1

Sold

$1,450,000

1033 Catherine St Key West, FL 33040

Single Family
Closed

3
Beds
3
Total Baths
1,897
Sq. Ft.

Listed by Expert Realty LLC (HQ), Madeleine Young
Sold by Island Home Realty Inc., Paige Bethel

1018 Truman Avenue, Key West, FL 33040 (MLS# 618332) is a Commercial property that was sold at $1,300,000 on June 12, 2026. Want to learn more about 1018 Truman Avenue? Do you have questions about finding other Commercial real estate for sale in Key West? You can browse all Key West real estate or contact a Coldwell Banker agent to request more information.

1018 Truman Ave Key West, FL 33040