Commercial

1501 Truman Avenue, Key West

$3,750,000.00

Bedroom 4 bedrooms
Bathroom 4 baths

  • MLS #: 621522
  • Address: 1501 Truman Avenue, Key West, FL 33040
  • Date Listed: 10/6/2026
  • Days on Market: 0
  • SQFT: 2214
  • Acres: 4364
  • Subdivision: The Meadows (1.0)

Location Location

Agent Comments Agent Comments
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.

Amenities Amenities
  • Dryer
  • Refrigerator
  • Washer

Interior Features Interior Features
  • Cool System: Wall/Window Unit(s)
  • Floors: Tile, Combo, Laminate
  • Interior: Smoke Alarms, Furnished

Exterior Features Exterior Features
  • Parking: Guest, Off Street
  • Roof: Metal

Additional Features Additional Features
  • County: Monroe
  • Property Type: Commercial
  • Tax Number: 00024250-000000
  • Waterfront Features: None
  • Water/Sewer: FKAA
  • Stories: 2
  • Year Built: 1928