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$1,600,000

  • Sold
  • Closed
  • Commercial
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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 used by one tenant. It could easily accommodate numerous commercial tenants. Upstairs are two apaprtments including a one bedroom one bath and a large studio. Both residential units have modern finishes including 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 versitile property is a rare find.

Full Property Details for 513 Truman Ave

General

  • Sold For: $1,600,000
  • Taxes: $10,768 (2025)
  • Status: Closed
  • Type: Commercial
  • Source: 927
  • MLS ID: 619344
  • Added to Site: 91 day(s) ago

Interior

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Flooring: Wood, Tile, Combo

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Parking

  • Parking Features: Off Street

Location

  • Area: 01 - Key West
  • County: Monroe
  • Subdivision: Old Town - Unrecord (1.0)
  • Driving Directions: Truman Ave. between Simonton and Duval.

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

  • # Electric Meters: 3

Structural Information

  • Construction: Combo Construction
  • Roof: Metal
  • Windows/Doors: Shutters
  • Stories/Levels: 2
  • Square Feet: 2,604
  • Year Built: 1913

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: No Waterview
  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,852
  • Lot Dimensions: 36 x 107
  • Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $10,768.02
  • Tax Year: 2025
  • Tenant Pays: Electricity, Cable TV

Disclosures and Reports

  • Legal Description: KW PT LOT 4 SQR 8 TR 4 H1-88 OR925-1812 OR935-389/94 OR936-906/07 OR939-58 OR945-645 OR1055-1270/71 OR1055-1861 OR1287-1
  • Flood Zone: X
  • APN: 00017760-000000

Listed by Preferred Properties (KW), Laura A McChesney (305) 923-6639 and Preferred Properties (KW), Key West Sisters (305) 747-0369
Sold by Preferred Properties (KW), Key West Sisters

Listing agents

— 513 Truman Ave —

  • Laura A McChesney

    Preferred Properties (KW)

  • Key West Sisters

    Preferred Properties (KW)

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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 513 Truman Ave

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Horace O'bryant School
1105 Leon Street, Key West, FL 33040
6-80.9 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-121.4 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 513 Truman Ave

Date
Details
Price
Change
Source
6/30/2026
Sold
$1,600,000
-5.88%
MLS
4/02/2026
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Preferred Properties (KW), Laura A McChesney (305) 923-6639 and Preferred Properties (KW), Key West Sisters (305) 747-0369
Sold by Preferred Properties (KW), Key West Sisters

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513 Truman Avenue, Key West, FL 33040 (MLS# 619344) is a Commercial property that was sold at $1,600,000 on June 30, 2026. Want to learn more about 513 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.