1409 Truman Avenue, Key West, FL 33040
$1,299,000
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
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.