Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$3,750,000 Just Listed

  • For Sale
  • Active
  • Commercial
See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 1501 Truman Ave

General

  • Price: $3,750,000
  • Taxes: $21,730 (2025)
  • Status: Active
  • Type: Commercial
  • Source: 927
  • MLS ID: 621522
  • Updated: 10/6/2026
  • Added to Site: 6 day(s) ago

Interior

  • Interior Features: Smoke Alarms, Furnished
  • Appliances: Dryer, Refrigerator, Washer
  • Flooring: Tile, Combo, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Parking

  • Total Spaces: 3
  • Parking Features: Guest, Off Street

Location

  • Area: 01 - Key West
  • County: Monroe
  • Subdivision: The Meadows (1.0)

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)

Structural Information

  • # Buildings: 1
  • Construction: Frame
  • Roof: Metal
  • Windows/Doors: Wood Windows, Shutters
  • Stories/Levels: 2
  • Square Feet: 2,214
  • Sq. Ft. Source: Property Data Card
  • Year Built: 1928

Unit Information

  • Units in Building: 4

Lot Features

  • Property View: No Waterview
  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,364
  • Lot Dimensions: 49 x 88
  • Zoning: HMDR - Historic Medium Density Residential

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $21,730.96
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: KW BENJ ALBURYS SUBD DIAGRAM I-389 PT LOTS 8-9 SQR 3 TR 7 E1-128 OR662-774 OR703-83 OR959-993 OR1006-283 OR1038-721 OR12
  • Flood Zone: AE
  • APN: 00024250-000000

Listed by Berkshire Hathaway HomeServices Knight & Gardner Realty, Jenna Vega Blackwell (305) 393-6573

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 1501 Truman Ave —

  • Jenna Vega Blackwell

    Berkshire Hathaway HomeServices Knight & Gardner Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1501 Truman Ave

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Horace O'bryant School
1105 Leon Street, Key West, FL 33040
6-80.2 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-120.8 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 1501 Truman Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2026
Listed
$3,750,000
4.31%
MLS
6/12/2023
Sold
$3,595,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1501 Truman Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,731
1%
$2,367,586
-1%
2024
$21,557
57%
$2,385,163
8%
2023
$13,687
50%
$2,210,339
150%
2021
$9,099
-31%
$884,244
-60%
2022
$13,097
44%
$2,207,828
150%
2021
$9,099
9%
$884,557
16%
2019
$8,381
-1%
$760,948
—
2018
$8,497
-1%
$760,948
—
2017
$8,621
-4%
$760,948
—
2016
$9,023
-3%
$760,948
—
2015
$9,270
-4%
$760,948
—
2014
$9,622
-1%
$760,948
—
2013
$9,688
—
$760,948
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1501 Truman Ave

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Berkshire Hathaway HomeServices Knight & Gardner Realty, Jenna Vega Blackwell (305) 393-6573

Just Listed near 1501 Truman Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

6415 2nd Terrace, Stock Island, FL 33040 - Photo 1 Just Listed
$749,000

6415 2nd Terrace  Stock Island, FL 33040

  • Duplex
  • Active
  • Updated 6 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,304
    Sq. Ft.
Listed by Suzanne Moore Real Estate, Suzanne M Moore
5405 3rd Ave, Stock Island, FL 33040 - Photo 1 Just Listed
$469,000

5405 3rd Ave  Stock Island, FL 33040

  • Mobile Home
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,312
    Sq. Ft.
Listed by Coldwell Banker Schmitt Lower Keys (KW), Anneliese Dietrick
49 Blue Water Dr, Lower Sugarloaf Key, FL 33040 - Photo 1 Just Listed
$1,100,000

49 Blue Water Dr  Lower Sugarloaf Key, FL 33040

  • Single Family
  • Active
  • Updated 1 hour ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,404
    Sq. Ft.
Listed by RE/MAX Keys Connection (KW), Bobby W Coe IV
1481 Sugarloaf Blvd, Sugarloaf Key, FL 33042 - Photo 1 Just Listed
$1,650,000

1481 Sugarloaf Blvd  Sugarloaf Key, FL 33042

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,605
    Sq. Ft.
Listed by Ocean Sotheby's International Realty, Jenna Stauffer

Price Reduced near 1501 Truman Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1106 Thatch Ln, Cudjoe Key, FL 33042 - Photo 1 Price Reduced
-$100,000 (-4.76%)
$1,999,000

1106 Thatch Ln  Cudjoe Key, FL 33042

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 4
    Total Baths
  • 2,548
    Sq. Ft.
Listed by Coldwell Banker Schmitt Real Estate Co, Lisa H Ferringo and Coldwell Banker Schmitt Real Estate Co, John Salvatore
22950 Sharp Ln, Cudjoe Key, FL 33042 - Photo 1 Price Reduced
-$5,000 (-1.01%)
$489,999

22950 Sharp Ln  Cudjoe Key, FL 33042

  • Lots/Land
  • Active
  • Updated 7 hours ago
  • 0.14
    Acres
Listed by Keller Williams Island Life Real Estate
420 W Indies Dr, Ramrod Key, FL 33042 - Photo 1 Price Reduced
-$25,000 (-2.86%)
$850,000

420 W Indies Dr  Ramrod Key, FL 33042

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,036
    Sq. Ft.
Listed by Coldwell Banker Schmitt Real Estate Co, Lisa H Ferringo
27395 St Lucie Ln, Ramrod Key, FL 33042 - Photo 1 Price Reduced
-$25,000 (-2.22%)
$1,100,000

27395 St Lucie Ln  Ramrod Key, FL 33042

  • Single Family
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,368
    Sq. Ft.
Listed by Coldwell Banker Schmitt Real Estate Co., Michelle VanHoose

Recent Sales near 1501 Truman Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1227 Washington St, Key West, FL 33040 - Photo 1 Sold
$4,000,000

1227 Washington St  Key West, FL 33040

  • Single Family
  • Closed
  • 4
    Beds
  • 4
    Total Baths
  • 3,066
    Sq. Ft.
Listed by Location 3 Real Estate of KW Inc (KW), Nancy Swift
Sold by Truman & Co. (KW), Wendy L Zintsmaster and Truman & Co. (KW), Tonya Cabanas
1311 Grinnell St, Key West, FL 33040 - Photo 1 Sold
$3,950,000

1311 Grinnell St  Key West, FL 33040

  • Single Family
  • Closed
  • 5
    Beds
  • 7
    Total Baths
  • 2,681
    Sq. Ft.
Listed by Truman & Co. (KW), Jennifer M Newman
Sold by Ocean Sotheby's International Realty, Matthew J Sheehan
906 Southard St, Key West, FL 33040 - Photo 1 Sold
$3,250,000

906 Southard St  Key West, FL 33040

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,188
    Sq. Ft.
Listed by RE/MAX Keys Connection (KW), Bobby W Coe IV
Sold by Truman & Co. (KW), Jared M Chiagouris
1320 Grinnell St, Key West, FL 33040 - Photo 1 Sold
$4,250,000

1320 Grinnell St  Key West, FL 33040

  • Single Family
  • Closed
  • 3
    Beds
  • 4
    Total Baths
  • 2,833
    Sq. Ft.
Listed by Truman & Co. (KW), Elizabeth E Chamberlain
Sold by Brenda Donnelly Real Estate LLC, Brenda J Donnelly

1501 Truman Avenue, Key West, FL 33040 (MLS# 621522) is a Commercial property. 1501 Truman Avenue is currently listed for $3,750,000 and was received on October 06, 2026. Want to learn more about 1501 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.

Tour this property