6 days on Rocket
#615754, Bascom L Grooms, Listing office: Bascom Grooms Real Estate (KW)
$1,350,000 List price
1409 Truman Ave Key West, FL 33040
3 beds
3 full, 1 partial
1,932 sqft
0.07 acres
$699 / sqft
Multi-Family
Property details
About 1409 Truman Ave
This home offers a unique opportunity for flexible living or investment! Currently configured as a single-family residence, it has been approved by the City of Key West to be reverted back to a Multi-family, allowing for up to 4 units. Easily convert the home back to two studios with bath, 1 bedroom 1 bath and a 2 bedroom 1 bath. Welcome to 1409 Truman Avenue, a stunning Key West Eyebrow home that combines historical charm with modern amenities. The spacious layout and design make it easy to transition back to a mult-family configuration of a duplex, triplex or 4 units.. Each potential unit could offer comfortable living spaces, with the square footage allowing for a range of layouts to suit tenants' needs.Based on comparable rentals in the area and the square footage of this property, each unit could command an estimated monthly rent of $3k to 6k monthly, each unit (seasonal variables) providing a lucrative investment opportunity. With the strong rental demand in Key West, this property is perfectly positioned to maximize its potential.Whether you're looking to generate income, create a multi-generational living space, or invest in the vibrant Key West market, this property is a rare find. Contact us for more details and to schedule a showing!
Highlights
Home typeDuplex
StatusActive
Size1,932 sqft
Lot size0.07 Acres
Year built1943
ParkingOff Street
MLS #613108
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer
- Interior: Walk-In Closet(s)
- Total Bedroom Count: 3
- Parking: Off Street
- Architectural Style: Duplex
- List Price: $1,350,000
- Price/SqFt: $698
- Annual Tax Amount: $5,285
- Tax Year: 2023
- Directions: US 1 / Truman Ave. East or West. Home will be located between Florida St. and or Pearl St. Home located Northside of Truman Ave. Across from Bayview Park. Free parking across the street from home.
- Year Built: 1943
- Stories: 2
- Living Area: 1,932 SqFt
- Lot Size: 0.07 Acres
- MLS Number: 613108
- MLS Name: KeyWest
- Office Name: Truman & Co. (KW)
- Office Phone: (305) 292-2244
- Listing Agent: Michael Sorah
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: 7/17/2025, 5:45:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 28, 2019 | Home Sold | $699,900 |
| Nov 03, 2003 | Home Sold | $540,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $566,874 | $5,285 |
| 2022 | $550,364 | $5,093 |
| 2021 | $534,334 | $5,093 |
| 2020 | $526,957 | $7,550 |
| 2018 | $741,972 | $7,505 |
| 2017 | $555,377 | $5,540 |
History based on county public records data.
Nearby schools
6
Poinciana Elementary School
Public District PK-5
1.5 mi
•1407 Kennedy Dr
2
Gerald Adams Elementary School
Public District PK-5
3.2 mi
•5855 College Rd
9
Big Pine Academy
Public Charter PK-5
28.0 mi
•30220 Overseas Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,048. Typical income of Key West, FL residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
11%
<35k
64%
35k-100k
17%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
70%
Single, No Kids
5%
Single, with Kids
21%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
2%
12-17 yrs old
18%
18-34 yrs old
60%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Symphony or Opera
Hiking/backpacking
Where do the neighbors shop?
H&M
Chico's
Nordstrom Rack
Where do the neighbors go to eat?
Dominos Pizza
Boston Market
Chipotle
What do the neighbors drive?
Audi
Volvo
Mazda
What do the neighbors listen to?
Alternative
Talk/Personality
Rock
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 1409 Truman Ave
The listing price of 1409 Truman Ave property is $1,350,000.
The property 1409 Truman Ave is a multi located in Key West, Florida, 33040.
Active Listing: 1409 Truman Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1409 Truman Ave are: Poinciana Elementary School (GreatSchools Rating 6/10), Gerald Adams Elementary School (GreatSchools Rating 2/10), Big Pine Academy (GreatSchools Rating 9/10), Horace O'Bryant School (GreatSchools Rating 3/10), May Sands Montessori School (GreatSchools Rating 5/10), Sigsbee Charter School (GreatSchools Rating 7/10), Somerset Island Preparatory (GreatSchools Rating 6/10), Monroe Virtual Instruction Program (GreatSchools Rating 2/10), Key West High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $5,285 (source: MLS/based on county public records data).
The last sale was on March 28, 2019 for $699,900 (source: MLS/tax record).
The property 1409 Truman Ave is 1,932 SqFt (source: MLS/tax record).
The year of construction for 1409 Truman Ave is 1943.
This home is located at 1409 Truman Ave in Key West, FL and zip code 33040. This 1,932 square foot home, which was built in 1943, sits on a 0.07 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 6, 2025 and is currently priced at $1,350,000.
Key West, FL housing market in June 2025 saw over 2 listings sold above listed price, more than 8 sold at listed price and over 35 sold below. The inventory of homes for sale in Key West, FL between May and June 2025 increased by 2%. In June 2025 median list price was $1,100,000 and the average listing age was 91 days.
From Rocket Homes Real Estate and based on county public records data.