$2,795,000

1028-1030 Truman Ave Key West, FL 33040

4 beds
4 full, 4 partial
4,013 sqft
0.1 acres
$696 / sqft
Multi-Family

Property details

About 1028-1030 Truman Ave

Prime Mixed-Use Investment Opportunity in Key West!Built in 2021 to current building codes, this exceptional four-unit commercial and residential compound is a rare find in the heart of Key West. A perfect 1031 Exchange candidate, this versatile property includes two licensed townhouse residences and two licensed commercial units, offering excellent income potential and flexibility.The commercial building, positioned street-side, is a two-story frame structure with high visibility on Truman Avenue. The ground floor offers approximately 1,112 square feet of open commercial space, while the second floor spans approximately 800 square feet and features a 30-foot-wide balcony overlooking Truman Avenue. An ADA-compliant elevator provides easy access to the second floor. Both levels include fully ADA-compliant restrooms, nine-foot-high ceilings, recessed lighting, ceiling fans, central air conditioning, washer and dryer hookups, and are pre-wired and plumbed for refrigerators and sinks. At the rear of the property, the residential portion consists of a two-story, common-wall duplex, with each unit offering approximately 1,015 square feet of living space. Designed for comfort and style, each unit features two bedrooms and two and a half bathrooms, vaulted ceilings in the upstairs bedrooms, spacious island kitchens, tile flooring, and private shaded rear decks. The property is thoughtfully designed with a beautifully landscaped common courtyard that separates the commercial and residential buildings, enhancing privacy and curb appeal. This turnkey mixed-use property presents a rare opportunity to own a high-quality, income-producing asset in one of Key West's most desirable locations. Don't miss out on this exceptional investment! *Note: 3D Tour is only of the 2 residential units.*

Highlights

Home typeMulti Family
StatusActive
Size4,013 sqft
Lot size0.11 Acres
Year builtNew Const., 2021
MLS #613823

Summary

  • MLS Number: 613823
  • MLS Name: KeyWest
  • Office Name: Truman & Co. (KW)
  • Office Phone: (305) 395-2360
  • Listing Agent: Team Spottswood/Vazquez

The data relating to real estate for sale on this web site comes in part from the IDX Program of Key West Association of REALTORS®, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Key West Association of REALTORS®, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/20/2025, 3:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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living room with baseboards, hardwood / wood-style floors, a ceiling fan, and recessed lighting

$2,795,000

1028-1030 Truman Ave

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Price information

Property sales

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Tax history

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Nearby schools

6

Poinciana Elementary School

Public District PK-5

2.5 mi

1407 Kennedy Dr

2

Gerald Adams Elementary School

Public District PK-5

4.2 mi

5855 College Rd

9

Big Pine Academy

Public Charter PK-5

29.0 mi

30220 Overseas Hwy

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $34,714. The majority of Key West, FL residents have income less than $<35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

51%
<35k
42%
35k-100k
4%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

75%
Single, No Kids
11%
Single, with Kids
9%
Married, No Kids
5%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
5%
12-17 yrs old
23%
18-34 yrs old
43%
35-64 yrs old
19%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Figure SkatingFigure Skating
  • Horse RacesHorse Races

Where do the neighbors shop?

  • BurlingtonBurlington
  • Chico'sChico's
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Bob EvansBob Evans
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • DodgeDodge
  • OldsmobileOldsmobile
  • CadillacCadillac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • NewsNews
  • JazzJazz
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1028-1030 Truman Ave in Key West, FL and zip code 33040. This 4,013 square foot home, which was built in 2021, sits on a 0.11 acre lot. Features: 4 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since February 21, 2025 and is currently priced at $2,795,000.

Key West, FL housing market in March 2025 saw over 5 listings sold above listed price, more than 6 sold at listed price and over 41 sold below. The number of homes for sale in Key West, FL increased by 9.3% between February and March 2025. While the average time on the market in March 2025 was 96 days, the median list price was $1,050,000.

From Rocket Homes Real Estate and based on county public records data.

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