Tallahassee Real Estate Search

Tallahassee Multi-Family Properties for Sale

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Newest Tallahassee Multi-Family Homes for Sale

$235,000
402530 MLS
Opportunity meets location with this affordable duplex just steps from Florida A&M University. Situated on property zoned University Transition (UT) with a future land use designation of Urban General (UG), this is more than just an income producing property. It's an opportunity to own in one of Tallahassee's growing redevelopment corridors with exciting long term potential. Whether you're a FAMU student, graduate, parent, investor, or developer, this property offers exceptional flexibility. Each unit features 2 bedrooms and 1 bathroom, making it ideal for owner occupancy while generating rental income from the second unit. Live in one side and let the other help offset your mortgage, or add a cash flowing property to your investment portfolio. One unit is vacant and move in ready, while the other is occupied on a month to month lease, providing immediate income with future flexibility. Located within walking distance of Florida A&M University, you'll enjoy convenient access to campus, athletic events, restaurants, and everything university life has to offer. For FAMU families, this is a unique opportunity to purchase instead of rent, allowing your student to build equity while generating income from the second unit. For developers and investors, the property's UT zoning and UG future land use designation offer redevelopment potential beyond its current use, making this an opportunity to invest not only in today's rental income but also in tomorrow's growth.

826 Robert and Trudie Perkins Way Unit 1&2, Tallahassee

$1,150,000
401636 MLS
One or more photos have been virtually enhanced. Immediate cash flow with 100% occupancy across all triplex units and a consistently booked, high-demand Airbnb in the detached home. This extraordinary, completely renovated, and turn-key investment opportunity in the Levy Park area of Midtown in Tallahassee features two income-producing triplexes and a detached single-family home situated less than three miles from Florida State University and the Florida State Capitol. Perfectly positioned for investors seeking strong cash flow and immediate rental potential, this property represents a rare chance to secure a high-performing asset in one of Tallahassee’s most desirable neighborhoods. The gross rent roll of the detached home sits at approximately $30,000/year and the long-term triplex leases sit at approximately $7,000 monthly. The detached single-family home, which makes for an ideal short-term or Airbnb rental, features two bedrooms, two full bathrooms, and a thoughtfully designed interior boasting original wood floors, great lighting throughout, and a faux fireplace situated between the living room and bedroom. The eat-in kitchen includes bar stool seating and a coffee nook, while one bathroom offers a wood-grain double vanity, intricate mosaic floor tiling, and a glass-enclosed walk-in shower with a gold rain shower head. Outside, the home features a carefully planned back deck area perfect for grilling and enjoying the outdoors. The triplexes are equally impressive, featuring dramatic vaulted ceilings with both natural wood and white-painted exposed beams, an open main floor concept, durable light-toned wood-plank flooring throughout, in-unit laundry, individual back decks, and unassigned parking spaces. Property maintenance has been expertly handled, including newer AC units and professional tree mitigation to keep branches away from the roofs. This asset is well-positioned to deliver solid returns. All furniture and other items in the detached single-family home are negotiable with the sale.

118 W 8th Avenue Unit 1-7, Tallahassee

$465,000
400912 MLS
VA ASSUMABLE LOAN AT 3.75%. Buyer must meet Loan Depot's qualifications to assume loan, lender does not require Owner occupied, remaining loan balance roughly $290K. This lovingly, well-maintained tri-plex offers a great opportunity for owner occupied rental unit with the other 2 units for income or can be a great investment property with income from all 3 units. Owner would be willing to stay a few months and pay rent until new renter could be secured to avoid any vacant months. Both other units have long-term tenants. Unit 1994 has 1-year lease at $1200/month, and unit 1998 is month-to-month at $900 a month. Both end units have 2 bedrooms, 1 full bath upstairs, and half bath downstairs. Middle unit is a very large 1 bedroom and 1 full bath upstairs, and a half bath downstairs. All 3 units have a nice, spacious floor plan, equipped with fireplaces, decks, balconies in 1994 and 1996, individual driveways, and fenced yards. Owner's unit (1996) has new pergola on back deck. Property also includes large side yard that has potential to be developed for additional units. It currently is used as private garden for residents, including fruit trees and raised garden beds. Current owner made substantial investment to improve this property for both self and tenants including new 30 year shingle roof in 2020, fencing for side yard, and individual units, new exterior paint in 2020, all kitchen and baths upgraded with GFI outlets, vapor barrier in crawl space, vented dryers to outside of crawl space, fireplaces cleaned in 2020. Owners' unit: new kitchen cabinets and appliances in 2023; new vanity in half bath 2020, and in full bath in 2025; new manufactured wood flooring in 2020, remodeled bath in 2025. Agent has copy of lease and tax returns upon request. Showings only for unit 1996 (owner's unit) until offer accepted. Then tenant's units will be made available to view prior to deposit being due as to limit disruption to tenants. Agent would appreciate only serious qualified buyers only. Buyer to verify all measurements.

1994 Darryl Drive Unit 1994, Tallahassee

$724,900
399767 MLS
AMAZING opportunity to own FOUR turn key, ready-to-rent detached houses! Set up to attract long-term tenants who like to live away from it all with ample parking. Can be resold separately as individual houses that have condo set up. Low maintenance exterior and interiors (concrete block, no carpet...and all new EVERYTHING). 1.9 acres contain 4 houses. The land is condo'ed only for well water and common area upkeep ($80/month or $960 year per house...which is $320/month or $3,840/year...this can be passed on to tenants). Condo rules only govern common areas and well...no one cares what color you paint the front door. Listing pictures and floor plans can be purchased from photographer by new owner for advertising purposes (listing agent will sign over rights). Welcome to Tropical Pines, a vibrant, island-inspired, private four-home community offering a rare opportunity to own four fully-renovated, detached 3 bedroom, 2 bathroom houses with the feel of independent country living. These never-lived-in-condition homes have been completely updated from top to bottom, blending durability with modern finishes. Inside, you’ll find granite countertops, soft-close shaker gray cabinetry, updated fixtures, and luxury vinyl plank flooring throughout. Major upgrades in each include new roof, new HVAC system and ductwork, new windows, new hot water heater, new washer and dryer, updated plumbing, vanities, lighting, and more, giving you the confidence of essentially a new home without the new construction price. Step outside of each houses living area to the fully privacy-fenced, double-gated backyard, each complete with a spacious new storage shed on a concrete pad. Each home also features its own dedicated parking and yard space, creating separation and privacy. Tropical Pines homes are designed for simplicity and low maintenance. The four homes share a 1.9 acre parcel with a spring-fed community well pump and maintained common areas, keeping monthly costs low at approximately $80 per month. Ownership offers the benefits of a small, managed community without restrictive rules or limitations. There is ample space for boats, trailers, RVs, or business equipment. Located just minutes from Tallahassee and a short drive to Lake Talquin, This home offers the ideal balance of affordability, privacy, and independent country-style living.

8034-8040 N Baby Farm Dr Unit -, Tallahassee

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