Date
Details
Price
Change
Source
12/23/2025
Sold
$1,500,000
—
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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$1,500,000
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Property Description
Old Town Multi-Use Property Located on Truman Avenue, this versatile property offers both reliable income and future potential. Currently comprised of five legal long-term rental apartments, it's an excellent option for investors seeking steady cash flow or employee housing. Unit 101, a CBS structure, also offers potential for commercial conversion (buyer to verify), while the remaining apartments continue generating income. Property Highlights: 8 Bedrooms / 5 Bathrooms $11,650 Monthly Rental Income Net Income: $112,461.46 (includes management fees) 7.12% Cap Rate at $1.58M Located in an X Flood Zone This is currently the lowest-priced multi-unit property in Old Town with 5 legal units in an X flood zone, making it a standout opportunity. Blend dependable rental income with strong investment returns.
Full Property Details
Full Property Details for 928 Truman Ave #101
General
- Sold For: $1,500,000
- Taxes: $9,425 (2023)
- Status: Closed
- Type: Multi-Family
- Source: 927
- MLS ID: 613024
- Added to Site: 491 day(s) ago
Interior
- Interior Features: Workshop
- Appliances: More Appliances, Oven, Refrigerator
- Flooring: Terrazzo, Parquet, Concrete
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 8
Additional Information
- Security/Safety: Other
Exterior
- Exterior Features: Shed, Storage
- Deck/Patio: Open Porch/Balcony, Deck, Patio
- Porch/Patio/Deck: Open Porch/Balcony, Deck, Patio
Location
- Area: 02 - Key West
- County: Monroe
- Subdivision: GG Watson Sub (1.0)
Community
- Assoc. Fees Include: None
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s), Ductless, Central Air, Ceiling Fans(s)
Structural Information
- Architectural Style: Above Flood, Other Bldg Style
- Construction: CBS, Combo Construction, Concrete, Stucco
- Roof: Combo Roof, Concrete, Metal
- Windows/Doors: Aluminum Windows, Double Hung Windows, Impact Rstnce Window
- Square Feet: 1,830
- Sq. Ft. Source: Property Data Card
- Year Built: 1959
Lot Features
- Property View: No Waterview
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,800
- Lot Size Source: Property Data Card
- Lot Dimensions: Buyer to verify
- Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $9,425.68
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: KW G G WATSON SUB I-209 PT LOTS 2 & 3 SQR 2 TR 13 H2-372 OR972-544 OR964-2437 OR981-86 OR992-356 OR992-357/58 OR1056-127
- Flood Zone: 0.2 PCT ANNUAL CHANC
- APN: 00031070-000000
Listed by Preferred Properties (KW), Allison Findlay
Sold by Berkshire Hathaway HomeServices Knight & Gardner Realty, Louis Condos and Berkshire Hathaway HomeServices Knight & Gardner Realty, Mary Jo Rostien
Listing agent
— 928 Truman Ave #101 —
Allison Findlay
Preferred Properties (KW)
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 928 Truman Ave #101
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 | 0.5 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 928 Truman Ave #101
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- Mobile Home
- Active
- Updated 8 hours ago
- 3Beds
- 3Total Baths
- 1,222Sq. Ft.
- Mobile Home
- Active
- Updated 9 hours ago
- 2Beds
- 2Total Baths
- 873Sq. Ft.
- Single Family
- Active
- Updated 8 hours ago
- 2Beds
- 2Total Baths
- 1,344Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 4Total Baths
- 2,409Sq. Ft.
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- Single Family
- Active
- Updated 11 hours ago
- 3Beds
- 2Total Baths
- 1,968Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 8Beds
- 4Total Baths
- 4,681Sq. Ft.
- Single Family
- Active
- Updated 6 hours ago
- 4Beds
- 3Total Baths
- 2,336Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 1,667Sq. Ft.
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- Single Family
- Closed
- Updated 12 hours ago
- 2Beds
- 2Total Baths
- 1,125Sq. Ft.
- Single Family
- Closed
- Updated 11 hours ago
- 4Beds
- 2Total Baths
- 2,242Sq. Ft.
928 Truman Avenue #101, Key West, FL 33040 (MLS# 613024) is a Multi-Family property that was sold at $1,500,000 on December 23, 2025. Want to learn more about 928 Truman Avenue #101? Do you have questions about finding other Multi-Family 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.