1104 Truman Avenue, Key West, FL 33040

About this home

Prime Old Town Key West Location with Off Street Parking and 55 ft of Truman Avenue Frontage. The property currently consists of four licensed rental apartments; one 2BR/1BA unit and three 1BR/1BA units. Property formerly configured for two business offices. Perfect for your business downstairs and reside upstairs. Generous off-street parking; a rare and valuable feature in Old Town, enhances desirability for business and/or residential occupants. Lots of Options: long-term rentals, monthly vacation rentals, employee housing, or mixed-use potential with commercial use on the ground level and residential above. The flexible interior layout also offers the potential to be a duplex. Or reimagine as a spacious single-family residence. Conversion to four condos offers the highest investment return. This is an extremely well-located property with multiple use possibilities. Buyer to verify any conversion from existing use. Classic Conch-style construction with covered porches adds to the property's island appeal and long-term value.

Property details

Property Type

Commercial

Year Built

1928

Lot Size

5,717 sq ft

Annual Taxes

$13,791/yr

Subdivision

Gwynn Sub (1.0)

Days on Market

169

Listed

May 14, 2026

MLS #

619930

Location