1409 Truman Ave Key West, FL 33040
The Meadows NeighborhoodEstimated payment $7,783/month
Total Views
22,812
3
Beds
4
Baths
1,932
Sq Ft
$699
Price per Sq Ft
About This Home
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!
Map
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$5,286
Year Built
1943
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Duplex
- As Is Right To Inspect: Yes
- First Right of Refusal: No
- Mandatory HOA: No
- Document Count: 2
- Fee Includes: None
- Financial Status Bank Owned: No
- Financial Status Potential Short Sale: No
- Handicap Access: No
- Key Island: Key West
- K W Neighborhood: The Meadows
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 2.00
- Min Rental Days: 28.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 5285.92
- Title: Negotiable
- Vehicle Storage: Off Street Parking
- Year Built: 1943
- Alternate Key Number: 1025119
- Building Style: Eyebrow
- Cooling Heating: Central Air, Ceiling Fans(s)
- Lot Sq Ft: 3213.00
- Porch Balcony: Open Porch/Balcony, Patio
- Shutters: Panel
- Tax Exemptions: Homestead
- Building Style Above Flood: Unknown
- Building Style Stories: 2 Stories
- Estimated Living Sq Ft: 1932.00
- Pre Wired: Cat 5
- Financial Status Auction: No
- Financial Status Standard Sale: Yes
- G F Interior Features: Tankless Hot Wtr Htr, Low Flow Toilets
- Property Condition: Updated/Remodeled
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 2
Interior Features
- Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Smoke Alarms, Security System, Dade County Pine, Split Bedroom
- Total Bathrooms: 4.00
- Full Bathrooms: 3
- Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Disposal, Oven, Range, Refrigerator, Dishwasher, Dryer
- Floor: Tile, Wood
- Half Bathrooms: 1
- Specialty Rooms: Laundry Room, Other
- Windows/Doors: French Doors, Wood Windows
- Total Bedrooms: 3
- Accessibility Features: None
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Exterior Features: Fencing, Storage, Shed, Privacy Wall/Fence, Fruit Tree(s)
- Roof: Metal Roof, Other Roof, Combo Roof
- Waterview: No Waterview
- Pool: No
Utilities
- Security: On Premises System
- Utilities: FKAA, Propane, Cable Available, Elect Separate Meter, Water Separate Meter, Municipal Sewer
- Heating: Central
Lot Info
- Deed Restrictions: No
- Flood Zone: 0.2 PCT ANNUAL CHANC
- Parcel Number: 00024320-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.07
Rental Info
- Rentals Allowed: Yes
- Furnished: Unfurnished
Tax Info
- Tax Year: 2023
Multi Family
- Total Units: 2.00
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,286 | $583,880 | -- | -- |
| 2023 | $5,286 | $566,874 | $0 | $0 |
| 2022 | $5,093 | $550,364 | $0 | $0 |
| 2021 | $5,179 | $534,334 | $0 | $0 |
| 2020 | $5,093 | $526,957 | $0 | $0 |
| 2019 | $7,550 | $761,642 | $462,749 | $298,893 |
| 2018 | $7,506 | $741,972 | $445,707 | $296,265 |
| 2017 | $5,540 | $555,377 | $0 | $0 |
| 2016 | $5,701 | $543,954 | $0 | $0 |
| 2015 | $5,818 | $540,173 | $0 | $0 |
| 2014 | $6,208 | $535,886 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Price Changed | $1,350,000 | -3.5% | $699 / Sq Ft |
| 06/02/2025 06/02/25 | For Sale | $1,399,000 | 0.0% | $724 / Sq Ft |
| 06/01/2025 06/01/25 | Off Market | $1,399,000 | -- | -- |
| 05/21/2025 05/21/25 | Price Changed | $1,399,000 | -3.5% | $724 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $1,450,000 | -3.3% | $751 / Sq Ft |
| 02/24/2025 02/24/25 | Price Changed | $1,500,000 | -3.2% | $776 / Sq Ft |
| 02/08/2025 02/08/25 | Price Changed | $1,550,000 | -3.1% | $802 / Sq Ft |
| 01/23/2025 01/23/25 | Price Changed | $1,599,000 | -5.9% | $828 / Sq Ft |
| 01/13/2025 01/13/25 | For Sale | $1,699,000 | +142.7% | $879 / Sq Ft |
| 03/19/2019 03/19/19 | Sold | $699,900 | -3.4% | $362 / Sq Ft |
| 03/13/2019 03/13/19 | Pending | -- | -- | -- |
| 12/12/2018 12/12/18 | For Sale | $724,900 | -- | $375 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $699,900 | None Listed On Document | |
| Warranty Deed | $699,900 | None Listed On Document | |
| Warranty Deed | $100 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $100 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | -- | -- | |
| Deed | $540,000 | -- | |
| Warranty Deed | $350,000 | -- | |
| Quit Claim Deed | $100 | -- | |
| Quit Claim Deed | $100 | -- | |
| Quit Claim Deed | $100 | -- | |
| Quit Claim Deed | $100 | -- | |
| Quit Claim Deed | $100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $540,000 | New Conventional | |
| Closed | $528,900 | New Conventional | |
| Closed | $528,900 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $980,000 | Negative Amortization | |
| Previous Owner | $312,500 | Credit Line Revolving | |
| Previous Owner | $413,100 | Balloon | |
| Previous Owner | $262,500 | New Conventional |
Source: Public Records
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 613108
APN: 00024320-000000
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