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$1,850,000

  • For Sale
  • Active
  • 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 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 versitile property is a rare find.

Full Property Details for 513 Truman Ave

General

  • Price: $1,850,000
  • Taxes: $10,768 (2025)
  • Status: Active
  • Type: Commercial
  • Source: 927
  • MLS ID: 621449
  • Updated: 9/30/2026
  • Added to Site: 14 day(s) ago

Interior

  • Interior Features: Smoke Alarms, Window Treatments, Laundry Room
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Flooring: Wood, Tile, Combo

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Parking

  • Total Spaces: 2
  • Parking Features: Off Street

Location

  • Area: 01 - Key West
  • County: Monroe
  • Subdivision: Old Town - Unrecord (1.0)

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Utilities

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

Structural Information

  • Construction: Combo Construction
  • Roof: Metal
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window, Shutters
  • Stories/Levels: 2
  • Square Feet: 2,604
  • Sq. Ft. Source: Tax Records
  • 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

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
  • APN: 17760000000

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

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Listing agent

— 513 Truman Ave —

  • Key West Sisters

    Preferred Properties (KW)

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/29/2026
Listed
$1,850,000
15.62%
MLS
7/06/2026
Sold
$1,600,000
—
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 513 Truman Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,768
8%
$1,303,872
3%
2024
$9,947
5%
$1,264,375
1%
2023
$9,515
21%
$1,254,606
49%
2021
$7,890
1%
$839,532
-5%
2022
$7,833
-1%
$881,110
5%
2021
$7,890
—
$839,678
11%
2019
$7,888
5%
$757,414
10%
2018
$7,544
21%
$688,559
10%
2017
$6,257
-5%
$625,963
—
2016
$6,572
2%
$624,009
6%
2015
$6,416
-5%
$591,314
-1%
2014
$6,742
60%
$599,122
70%
2013
$4,220
—
$352,283
—
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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NMLS#: 1598647

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

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513 Truman Avenue, Key West, FL 33040 (MLS# 621449) is a Commercial property. 513 Truman Avenue is currently listed for $1,850,000 and was received on September 29, 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.

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