Four-Unit Short-Term Rental
New
For Sale
$3,750,000
1501 Truman Avenue, Key West, FL 33040
Three units hold transient licenses for nightly stays; the remaining unit is leased monthly.
Property Size2,214 SF
Days on Market2
Property Features for 1501 Truman Avenue
General Information
Standard status
Active
Size
2,214 SF
Total Parking Spaces
3
Zoning
HMDR - Historic Medium Density Residential
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$21,731
Amenities
swimming pool
Building Details
Building Size
2,214 SF
Year Built
1928
Year Renovated
2018
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By:
Jenna Blackwell · License #3367627
(305) 393-6573
Source:
Laerrealty
Added: Oct 7
Last Checked: Oct 7 at 8:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Knight & Gardner Realty
Investment Insights
Based on property information with market context.
At 2,214 square feet, this 1928 property contains four independent one-bedroom, one-bathroom units, each with a kitchen and living area. Three units have transient licenses for nightly rentals, while the fourth is currently rented monthly. Renovation work was completed in 2018, with updated plumbing, electrical systems, kitchen cabinetry, and appliances. Interior finishes include Dade County pine, engineered wood flooring, and granite countertops.
Residents or guests share a courtyard with a swimming pool. The property also has three parking spaces and is located at 1501 Truman Avenue in Key West.
Residents or guests share a courtyard with a swimming pool. The property also has three parking spaces and is located at 1501 Truman Avenue in Key West.
Key Highlights
- Four one‑bedroom, one‑bathroom units across 2,214 square feet
- Transient rental licenses cover three units; the fourth is rented monthly
- Shared courtyard with swimming pool
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,271
Businesses Nearby
Explore this area
Business Placement
Demographics for 33040, FL
35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Three units hold transient licenses for nightly stays; the remaining unit is leased monthly.
Where is this short term rental property located?
The property is located at 1501 Truman Avenue Key West, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units across 2,214 square feet; Transient rental licenses cover three units; the fourth is rented monthly; Shared courtyard with swimming pool
