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$2,490,000 Just Listed

  • For Sale
  • Active
  • Commercial
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**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.

Full Property Details for 402 Applerouth Ln

General

  • Price: $2,490,000
  • Taxes: $14,665 (2025)
  • Status: Active
  • Type: Commercial
  • Source: 927
  • MLS ID: 621784
  • Updated: 10/26/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Refrigerator
  • Flooring: Wood, Combo

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 6
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Location

  • Area: 01 - Key West
  • County: Monroe
  • Subdivision: Jack Sq Prof Cent (1.0)
  • Driving Directions: Located Between 500 blocks of Duval Street and Whitehead.

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s), Ceiling Fans(s), Central Air

Utilities

  • # Water Meters: 1
  • # Electric Meters: 3

Structural Information

  • Construction: Frame
  • Roof: Metal
  • Stories/Levels: 3
  • Year Built: 1943

Lot Features

  • Property View: No Waterview
  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,636
  • Lot Dimensions: x
  • Zoning: HRO - Historic Residential/Office

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $14,665
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: Jackson Square Professional Center A Condominium Kw Pt Lot 4 Sqr 50 (Formerly Re 1000-000100) Or1048-870/929Dec Or1066-9
  • Flood Zone: X Flood Zone
  • APN: 10000000101

Listed by Preferred Properties (KW), Key West Sisters (305) 747-0369

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Listing agent

— 402 Applerouth Ln —

  • Key West Sisters

    Preferred Properties (KW)

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 402 Applerouth Ln

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Horace O'bryant School
1105 Leon Street, Key West, FL 33040
6-81.1 mi
Gerald Adams Elementary School
5855 College Road, Key West, FL 33040
PK-54 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-121.6 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 402 Applerouth Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/26/2026
Listed
$2,490,000
29.35%
MLS
2/03/2022
Sold
$1,925,000
—
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 402 Applerouth Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,728
-1%
$544,656
—
2023
$4,790
26%
$544,656
—
2022
$3,809
-1%
$544,656
—
2021
$3,861
44%
$544,656
95%
2019
$2,678
-2%
$279,354
—
2018
$2,726
-2%
$279,354
—
2017
$2,772
-5%
$279,354
—
2016
$2,918
-2%
$279,354
—
2015
$2,983
-4%
$279,354
—
2014
$3,096
4%
$279,354
6%
2013
$2,966
—
$263,542
—
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.

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Listed by Preferred Properties (KW), Key West Sisters (305) 747-0369

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402 Applerouth Lane, Key West, FL 33040 (MLS# 621784) is a Commercial property. 402 Applerouth Lane is currently listed for $2,490,000 and was received on October 26, 2026. Want to learn more about 402 Applerouth Lane? 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.

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