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For Sale


928 Truman Avenue
Key West, FL 33040

Bed 8 br
Bathroom 5.5 ba
Attention investors! This is an exceptional opportunity to solve your employee housing needs or make a profitable investment in Key West. We are offering a commercial space on Truman Ave with great visibility and more than 8 parking spaces, along with a 5-unit multi-family property spread across three buildings. Two of the buildings are CBS structures located on Truman Ave.This property is situated in the conditional transient receiver zone and X flood zone (no flood zone), making it an enticing investment option. The possibilities for this property are endless, such as converting the commercial space into residential units, transferring a transient license (buyer to verify), or starting a new business. The potential uses for this property are limitless.Don't miss out on this one-of-a-kind investment opportunity in a prime Key West location. Electric Meters Total - 6Water Meters Total - 5 Read More

Market Status
Last Updated
May 27, 2023

Property Type
Commercial Property
Year Built
8 BR
5 full BA; 1 ½BA
Exterior Construction
0 spaces
15875 (2021)
Property Type
Commercial; Apartment 3 or more,Other Services
Additional Areas
Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Half Bath
Water View

Local Market Conditions

There are currently 8 properties for sale in the Key West, FL area with the average listing price of $5,274,050. This represents an increase of +124.1% over the previous week. The 4 bedroom homes saw the largest increase in the average listing price over the previous week with a +20.4% increase. To learn more about the Key West, FL area, contact a local expert!

Market Snapshot for Key West, FL

Avg. Listing Price


Wk ending Jun 3










Average Listing Price for Key West, FL
No. BedroomsNo. Beds Week Ending
(Jun 3)
w-o-w Week Ending
(May 27)
Week Ending
(May 20)
Week Ending
(May 13)
All PropertiesAll $5,274,050 +124.1% $2,353,315 $2,391,101 $2,235,705
1 bedroom1 BR - +0.0% $512,000 $518,500 $521,450
2 bedrooms2 BR - +0.0% $1,345,270 $1,289,500 $1,266,257
3 bedrooms3 BR $1,499,000 -31.7% $2,196,179 $2,205,551 $2,230,948
4 bedrooms4 BR $3,281,333 +20.4% $2,724,991 $2,659,817 $2,469,600

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Listing Provided By:

Allison Findlay

Preferred Properties-Key West

This $3,800,000 Commercial Property at 928 Truman Avenue in Key West, FL is offered by Allison Findlay. This $3,800,000 Commercial Property, located in the 33040 zip code, has the following property features: Parking, Property Type, Additional Areas, Exterior Construction. This 928 Truman Avenue Commercial Property is listed under MLS listing number 602468, has 8 beds, 6 baths, and has a listing price of $3,800,000. You can find more Key West homes for sale here.

Copyright © 2023 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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