Four-Unit Quadplex with
New
For Sale
$3,750,000
1501 Truman Avenue, Key West, FL 33040
Commercial Sale, Key West, FL
Property Size2,214 SF
Lot Size0.10 Acres
Price / SF$1,693
Days on Market2
Property Features for 1501 Truman Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HMDR - Historic Medium De
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 3
Parking features
Guest, Off Street
Appliances
Refrigerator, Washer, Dryer
Subdivision
The Meadows (1.0)
View
Water
Standard status
Active
APN
00024250-000000
Size
2,214 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KW BENJ ALBURYS SUBD DIAGRAM I-389 PT LOTS 8-9 SQR 3 TR 7 E1-128 OR662-774 OR703-83 OR959-993 OR1006-283 OR1038-721 OR12
Tax Annual Amount
21731
Legal Description
KW BENJ ALBURYS SUBD DIAGRAM I-389 PT LOTS 8-9 SQR 3 TR 7 E1-128 OR662-774 OR703-83 OR959-993 OR1006-283 OR1038-721 OR12
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
swimming pool
courtyard
Building Details
Year built
1928
Floors in Building
2
Number of units
4
Flooring type
Tile, Combo, Laminate
Building materials
Frame
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 294-5155
Listed By:
Jenna Vega Blackwell · License #3367627
(305) 393-6573
Added: Oct 6
Last Checked: Oct 7 at 12:06AM
MLS# 621522
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This four-unit property contains 2,214 square feet across four one-bedroom, one-bathroom apartments. Each residence has a kitchen and living area. Three units have transient rental licenses; the remaining unit is rented monthly. A shared courtyard with a swimming pool serves the property, which also has three off-street parking spaces.
Renovated in 2018, the apartments feature Dade County pine, engineered wood flooring, granite countertops, updated cabinetry and appliances, and updated plumbing and electrical systems. The parcel measures 0.1 acres and is zoned HMDR - Historic Medium De.
Renovated in 2018, the apartments feature Dade County pine, engineered wood flooring, granite countertops, updated cabinetry and appliances, and updated plumbing and electrical systems. The parcel measures 0.1 acres and is zoned HMDR - Historic Medium De.
Key Highlights
- Four one‑bedroom, one‑bathroom units with 2,214 square feet total
- Transient rental licenses for three of the four units
- Fourth unit currently rented monthly
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?
Quadplex - Three units carry transient rental licenses, while the fourth is leased monthly.
Where is this quadplex 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 with 2,214 square feet total; Transient rental licenses for three of the four units; Fourth unit currently rented monthly
