1409 Truman Avenue, Key West, FL 33040 (MLS# 613108)

1409 Truman Avenue, Key West, FL 33040

$1,299,000

Virtual Tour

http://tours.keyspropertyvisuals.com/vtnb/347614

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 1,932 Lot Size (sq. ft.): 3,213 Status: Active

Current Price: $1,299,000 List Date: 10/02/2025 Last Modified: 10/14/2025

Description

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!

More Information MLS# 613108

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Current Price: $1,299,000 Listing Date: 2025-01-13 List Price: $1,299,000

Location, Tax & Legal

KW Neighborhood: The Meadows City: KEY WEST Mile Marker: 2 Marathon Neighborhood: N/A Side: Median Flood Zone: 0.2 PCT ANNUAL CHANC Alternate Key #: 1025119 Handicap Access: No Parcel #: 00024320-000000 Zoning: SF - Single Family Deed Restrictions: No Legal: KW BENJ ALBURYS SUBD DIAGRAM I-389 PT LOTS 11 & 12 SQR 3 TR 7 OR535-1036 OR631-835 OR783-1155 OR1240-971 OR1240-967 OR1 Taxes: 5285.92 Tax Year: 2023 Pub Sewer HkUp: Yes Street #: 1409 Street Name: Truman Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Benj Alburys Subd (2.0) Area: 01 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot SqFt: 3213 Pool: No Lot Sqft Source: Tax Records Total Units: 2 Acres: 0.07 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 28 Style: Duplex Year Built: 1943 Living Apx SqFt: 1932 Total Bedrooms: 3 Full Baths: 3 Half Baths: 1 Total Baths: 4

Remarks & Misc

Remarks – Consumer: 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! 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.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

Homestead: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Gas Appliances: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1 Wine Cooler: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1 Wood: 1

Interior Features

Built-in Cabinets: 1 Dade County Pine: 1 Drapes/Blinds Incl: 1 Security System: 1 Smoke Alarms: 1 Split Bedroom: 1 Storage: 1 Walk-in Closet(s): 1 Whirlpool Bath Tub: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Laundry Room: 1 Other: 1

Building Style

Above Flood: Unknown Eyebrow: 1 Stories: 2 Stories

Windows/Doors

French Doors: 1 Wood Windows: 1

Vehicle Storage

Open Parking: 1

Security

On Premises System: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1

Utilities

Cable Available: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Propane: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Title

Negotiable: 1

Exterior Features

Fencing: 1 Fruit Tree(s): 1 Privacy Wall/Fence: 1 Shed: 1 Storage: 1

Pre-Wired

Cat 5: 1

Roof

Combo Roof: 1 Metal Roof: 1 Other Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Accessibility Feat

None: 1

GF-Interior Features

Low Flow Toilets: 1 Tankless Hot Wtr Htr: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Eyebrow Vehicle Storage: Open Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Propane; Water Separate Meter Interior Features: Built-in Cabinets; Dade County Pine; Drapes/Blinds Incl; Security System; Smoke Alarms; Split Bedroom; Storage; Walk-in Closet(s); Whirlpool Bath Tub Pre-Wired: Cat 5 Specialty Rooms: Laundry Room; Other Appliances: Dishwasher; Disposal; Dryer; Gas Appliances; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler Exterior Features: Fencing; Fruit Tree(s); Privacy Wall/Fence; Shed; Storage Accessibility Feat: None Construction: Frame Floor: Tile; Wood Roof: Combo Roof; Metal Roof; Other Roof Pets: Pets Allowed Security: On Premises System Land Size: Less Than 1/4 Acre Terms: Cash Title: Negotiable GF-Interior Features: Low Flow Toilets; Tankless Hot Wtr Htr

Room Information

Bedroom 1 Length: 14.00 Level: Main Length: 14.00 Width: 9.00 Width: 9.00 Bedroom 2 Length: 14.00 Level: Main Length: 14.00 Width: 10.00 Width: 10.00 Dining Room Length: 15.00 Level: Main Length: 15.00 Width: 9.00 Width: 9.00 Kitchen Length: 27.00 Level: Main Length: 27.00 Width: 8.00 Width: 8.00 Living Room Length: 16.00 Level: Main Length: 16.00 Width: 15.00 Width: 15.00 Bedroom 3 Length: 16.00 Level: Second Length: 16.00 Width: 15.00 Width: 15.00 Full Bathroom Length: 6.00 Level: Main Length: 6.00 Width: 5.00 Width: 5.00 Full Bathroom Length: 6.00 Level: Main Length: 6.00 Width: 5.00 Width: 5.00 Full Bathroom Length: 10.00 Level: Second Length: 10.00 Width: 9.00 Width: 9.00 Other Room Length: 10.00 Level: Second Length: 10.00 Width: 8.00 Width: 8.00

Listing Office: Truman & Co. (KW)

Last Updated: October - 14 - 2025

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