Search

$2,490,000
402 Appelrouth Lane
Key West, FL 33040
MLS# 617030
3 beds  |  8 baths
Appelrouth Lane View
  1 / 38  
Appelrouth Lane View Old Town Location 402 Steps from Duval Street Scooter Parking Aerial Storage Walkway Entrance to units Common area Common area 1st floor residential unit 1st floor upstairs common area upstairs common area 402 Upstairs Office Office Area Updated Bathroom Upstairs Office Unit Upstairs Office Porch Upstairs Residential Residential Kitchen Residential Updated Bathroom Office Residential Unit Residential Kitchen Office Office Office Third Floor Third Floor Third Floor Third Floor unfinished space tons of natural light third floor Third Floor Bathroom 402 APPELROUTH WEB-5

Property Description
**6%+ Cap Rate Opportunity ** Now offered at $2,490,000, this income producing Old Town property offers strong cash flow and immediate investor appeal. Located just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.

Details
Maps
Contract Information
Current Price: $2,490,000
Listing Date: 2025-10-24
Listing Board: Key West Association
Monthly Rent: $2,490,000
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 402
Street Name: Appelrouth
Street Suffix: Lane
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Jack Sq Prof Cent (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 44.25 x 82.17
Lot SqFt: 3636
Waterfront: No
# Stories: 3
Year Built: 1943
Total Bedrooms: 3
Full Baths: 6
Half Baths: 2
Total Baths: 8
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Type: Apartment 3 or more; Office Buildings; Professional Service
Waterfront: None
Waterview: No Waterview
Dockage: None
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Appliances: Refrigerator
Miscellaneous: High Traffc Location; High Visibility
Construction: Frame
Floor: Combo; Wood
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Property Rights: Multi-Use/Commercial
Listing Office: Preferred Properties (KW)

Last Updated: October - 19 - 2026

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.

Search powered by FBS Products