Tallahassee Real Estate | Tallahassee Multi-Family Homes for Sale

1223 Cleveland Street Unit 1-2, Tallahassee

PRIME MULTIFAMILY INVESTMENT OPPORTUNITY NEAR FAMU & FSU! Conveniently located near both university campuses, FAMU Way, downtown Tallahassee, and the vibrant Gaines Street and Railroad Square districts, this 2,680-square-foot duplex offers an excellent combination of location, rental potential, and flexibility. Each spacious, single-story unit features 3 bedrooms, 2.5 bathrooms, approximately 1,340 square feet of living space, and separately metered electric and water utilities. Unit B is currently tenant occupied, providing existing rental income, while Unit A is vacant and offers an opportunity to secure an additional tenant or explore owner occupancy. The property's convenient location near Florida A&M University, Florida State University, the State Capitol, Cascades Park, shopping, dining, and entertainment adds to its appeal for a variety of rental needs. Whether you're looking to expand your investment portfolio or purchase a multifamily property with flexible occupancy options, 1223 Cleveland Street is an opportunity worth exploring. Schedule your showing today!

1223 Cleveland Street Unit 1-2, Tallahassee

1922 Crosby Ct Unit A,B,C,D, Tallahassee

$449,000

406226 MLS

Quadplex near FSU & TCC! Each 2BR/1.5BA townhome offers private entry, separate laundry room & separate utilities. Roof replaced 2014. Strong rental income potential of $4,900/mo total ($58,800 annual) with room for increase. Ample parking, close to shopping, restaurants & bus lines. Excellent turnkey investment or live-in opportunity in a proven rental area!

1922 Crosby Ct Unit A,B,C,D, Tallahassee

719 & 721 N Gadsden Street Unit -, Tallahassee

$425,000

405901 MLS

Rare Opportunity for a Midtown Duplex – Live in One Side, Rent the Other! Prime Tallahassee location in the heart of Midtown! This turn-key duplex located at 719 & 721 N Gadsden St features two mirror-image units, each offering 2 bedrooms and 1 bath with a spacious living area and functional kitchen layout. Major capital improvements are already done for peace of mind: NEW roof in 2023 and NEW HVAC units (2023 & 2024). New Gutters (2026) and Vapor Barrier (2021ish). Ideal setup for house-hackers, multi-generational living, or savvy investors looking for immediate cash flow—plus value-add potential with a spacious backyard big enough to build another unit, office, or building. One side is currently vacant and move-in ready (perfect for an owner-occupant or setting your own market rent), while the other side is occupied on a fresh 1-year lease at $1,400/month. Walk or quick drive to Midtown dining, shopping, state offices, and downtown!

719 & 721 N Gadsden Street Unit -, Tallahassee

2430 & 2432 Atlas Road Unit 2, Tallahassee

$215,000

405889 MLS

Phenomenal investment opportunity with incredible potential! This solid, all-brick duplex features a convenient attached carport on one side and presents the perfect canvas for your custom renovations or a profitable addition to your rental portfolio. Situated in a highly desirable and accessible location, the property is nestled directly across from Astoria Elementary School and offers effortless access to the interstate, and easy commuting to campus, nearby shops and restaurants. Whether you are looking to flip, build sweat equity, secure a high-demand rental asset, or live in one side while renting the other side - this duplex is a must-see. Left side is currently vacant. Long term tenant on right side. Currently under rented, fixed up could easily rent for $1000 to $1200 each side. Estate sale. No sellers disclosure available.

2430 & 2432 Atlas Road Unit 2, Tallahassee

1844 Larette Drive Unit A-D, Tallahassee

$515,000

405869 MLS

Quadraplex in a convenient Tallahassee location. Building includes four, two bedroom/one bathroom units. A rare to find multi-family housing that feels this much like a private residential neighborhood. Situated just off Apalachee Parkway and Old St. Augustine Rd, this property is a three-minute drive to Whole Foods, Starbucks, and the Parkway’s best shopping. Located in an established, mature neighborhood with solid infrastructure. 50% Occupied. Schedule your showing today.

1844 Larette Drive Unit A-D, Tallahassee

2510 Fred Smith Road Unit -, Tallahassee

$435,000

405685 MLS

Turnkey quadplex investment opportunity offering strong in-place income and major recent improvements! This well-maintained and updated property generates $58,440 in annual gross rental income, with all four units currently leased through February 2027, providing immediate cash flow from day one. Recent capital improvements include updated HVAC systems and electrical improvements completed in 2024, per City of Tallahassee permits, plus the added durability of a metal roof. Ideally situated between Monroe Street and Old Bainbridge Road, the property offers convenient access to I-10, Downtown Tallahassee, Midtown, restaurants, shopping, entertainment, movie theaters, and other everyday amenities, making it an attractive and convenient rental location. With established tenants, strong existing income, updated major systems, and no immediate lease-up required, this is an excellent opportunity to add a stabilized, income-producing multifamily asset to your portfolio.

2510 Fred Smith Road Unit -, Tallahassee

$350,000

405345 MLS

Excellent investment opportunity just blocks from TCC and FSU! This duplex features two spacious 4-bedroom, 3-bathroom units, each offering a two-story layout designed for strong rental appeal. Interiors showcase durable laminate flooring, open-concept living spaces, and functional layouts ideal for student or multi-tenant occupancy. Low-maintenance vinyl siding adds long-term value and ease of ownership. With high bedroom count and proximity to major campuses, this property is well-positioned for consistent demand and attractive cash flow. Whether expanding a portfolio or entering the investment market, this is a prime income-producing asset in a highly sought-after rental corridor. Buyer to verify all measurements. ROOF 2020.

1352 Ocala Road Unit A/B, Tallahassee

$225,000

405337 MLS

Investors will appreciate the strong fundamentals and low-maintenance appeal of this single-story duplex, ideally located within walking distance of FSU's campus. Both units offer a desirable 2-bedroom, 2-bathroom layout, providing an attractive setup for student or residential rental demand. Recent improvements include a 2022 roof, newer water heater and HVAC systems, as well as several recently replaced appliances. Durable vinyl siding further enhances the property’s low-maintenance appeal. With major systems already updated, this duplex offers an opportunity to focus on consistent rental income and long-term investment potential rather than immediate capital improvements.

1328 Nylic Street Unit N/A, Tallahassee

$650,000

405243 MLS

-One or more photos virtually enhanced/staged A property with a story—and possibilities for what comes next. Originally built as a neighborhood storefront, 610 & 612 W. 8th Avenue has served Tallahassee in many forms over the decades, from local businesses to an artist’s studio and residence. Today, the property has been thoughtfully reimagined into two distinctive spaces, preserving its character while creating an exceptionally flexible opportunity near downtown and the university campuses. One side features a beautifully renovated two-bedroom, two-bath residence with a full kitchen, generous living spaces and private outdoor area. The adjoining unit offers an expansive open studio with a full kitchen and bath—ideal for a creative workspace, office, guest quarters, additional residence, or income-producing rental. Live in one and generate income from the other, create a true live/work property under one roof, maintain both as rentals, or bring the two spaces together for an entirely different vision. The solid concrete construction and streamlined exterior contribute to relatively low-maintenance ownership, while the central in-town location provides convenient access to downtown, FSU, FAMU, restaurants, entertainment and everyday amenities. With a strong rental history and a layout that can evolve with its next owner, this is more than a conventional multifamily property. It is a distinctive piece of Tallahassee history with the flexibility to live, work, create and generate income—all in one place. Broker/Owner. Rental history and additional property information available.

610/612 W 8TH Avenue, Tallahassee

804 W Brevard Street Unit ---, Tallahassee

$250,000

405151 MLS

Very unique opportunity for the smart investor. One half of an entire city block is for sale with existing structures that contain a commercial building, a duplex, a single family home, a restaurant and vacant land. All within the city and one block away from Florida State University. The zoning is CU-18 (Central Urban-18) which allows for 18 new units per acre. The total land size of this sale is 1.15 acre. The smart investor has options: Rent with the current structures in place or demolish and build new to capture even greater student housing revenue. List price for everything $1,600,500.00. This particular property is a duplex, one bedroom one bathroom on each side, central heat and air on one side, a window unit on the other side. Parking is available in the back of the unit

804 W Brevard Street Unit ---, Tallahassee

5863 Nightingale Loop Unit A-B, Tallahassee

$375,000

404992 MLS

Excellent investment opportunity in Southeast Tallahassee! This well-sized duplex offers approximately 2,470 square feet with two separate 3-bedroom, 2-bath units, providing a total of 6 bedrooms and 4 bathrooms on approximately half an acre. Unit A is currently occupied by a month-to-month tenant at $1,400/month and features a brand-new HVAC system along with a newer water heater. The month-to-month tenancy provides the new owner flexibility to continue renting to the existing tenant or make other plans for the unit. Unit B is currently vacant and ready for its next occupant, featuring recently installed flooring, new appliances, a new water heater and newer HVAC system. Unit B has previously rented for as much as $1,475/month. Seller is also in the process of installing a new roof, adding another major improvement for the next owner. Each unit offers a spacious 3-bedroom, 2-bath layout with its own kitchen, living area and laundry space. Conveniently located in Southeast Tallahassee off Williams Road with easy access to the Apalachee Parkway and Capital Circle corridors. Whether you're looking to add a duplex to your rental portfolio or occupy one side while generating income from the other, this property offers flexibility, recent improvements and strong rental potential.

5863 Nightingale Loop Unit A-B, Tallahassee

$825,000

404873 MLS

Turnkey investment! Ready for new owner with upside potential in continued rent increases. Current total gross rent is $8,225 per month! GRM is 8.3! What a deal! All utilities are separately metered & tenant's pay for everything! Awesome investment for anyone looking to do a 1031 exchange! Formerly Appraised at $870k selling at $825k gives instant equity play. Come get this deal!

1305 CLAY Street Unit -, Tallahassee

601 Pope Street Unit 1 & 2 (605 Pope St), Tallahassee

$1,500,000

404626 MLS

**INVESTOR OPPORTUNITY!** Two all-brick buildings offering significant income potential in a convenient Tallahassee location. Previously operated as student housing, each building features 8 bedrooms and 8 bathrooms, providing a combined total of 16 rentable rooms across both properties. Currently vacant, offering investors the opportunity to establish their own leasing strategy and capture future rental income. Inspections have been completed, and identified items are actively being addressed by the seller. **Seller offering a 7% cap-rate-based income incentive, structured to cover the first year of rental income, with an acceptable offer. Ideal for investors seeking a student-housing opportunity in Tallahassee. Buyer to verify all measurements, permitted use, rental potential, expenses, and investment projections.

601 Pope Street Unit 1 & 2 (605 Pope St), Tallahassee

1103 Richmond Street Unit 1, Tallahassee

$300,000

404532 MLS

Rare duplex sale for investors. Near FSU. Smart money says live in one side and rent the other. Well maintained. Metal roof. Central heat and air. Ceiling fans. Unit 1 is a one bedroom one bath renting for $900/mo. Unit 2 is a three bedroom one bath that is currently vacant but has rented for $1200/mo.

1103 Richmond Street Unit 1, Tallahassee

226 E Bradford Road Unit A & B, Tallahassee

$779,900

404425 MLS

Exceptional new-construction duplex offering luxury finishes, strong rental income and outstanding future flexibility. 226 E Bradford Road features two spacious residences, each offering approximately 1,700 square feet with 3 bedrooms and 2.5 baths. The property can be purchased together as one duplex, making it an excellent option for an investor or an owner-occupant who wants to live in one side and lease the other for $2,500 per month. Each residence was built with a level of quality rarely found in traditional multifamily construction, including 10-foot ceilings, 8-foot doors, granite throughout, oversized walk-in pantries, spray-foam insulation and upscale finishes throughout. The property was also constructed to applicable standards intended to accommodate future condominium conversion and separate ownership, including enhanced fire separation above and beyond typical firewall requirements between the units, providing an additional layer of separation and flexibility. Both residences currently command $2,500 per month in rent, creating combined gross rental income of $5,000 per month / $60,000 annually when both sides are leased. For investors, the property offers multiple potential strategies: hold both residences as rentals, occupy one while collecting income from the other, or potentially pursue individual ownership and resale in the future subject to completion of the required condominium documents, approvals and recording. When valued individually, the two residences previously appraised at approximately $439,000 EACH — approximately $878,000 combined. Two luxury residences. $60,000 in annual gross rental income. Live in one and rent the other, lease both, or explore future individual ownership. A truly unique multifamily opportunity.

226 E Bradford Road Unit A & B, Tallahassee

308 VANTAGE POINT Lane Unit 40, 41, 42, Tallahassee

$344,900

404374 MLS

Investment opportunity, with materials available to renovate. Very centrally located and great for rentals. Buyer to verify all measurements.

308 VANTAGE POINT Lane Unit 40, 41, 42, Tallahassee

311 VANTAGE POINT Lane Unit 37, 38, 39, Tallahassee

$344,900

404376 MLS

Investment opportunity, with materials available to renovate. Very centrally located and great for rentals. Buyer to verify all measurements.

311 VANTAGE POINT Lane Unit 37, 38, 39, Tallahassee

309 VANTAGE POINT Lane Unit 34, 35, 36, Tallahassee

$344,900

404375 MLS

Investment opportunity, with materials available to renovate. Very centrally located and great for rentals. Buyer to verify all measurements.

309 VANTAGE POINT Lane Unit 34, 35, 36, Tallahassee

$550,000

404160 MLS

Fabulous quadruplex in Whispering Woods off Blairtstone Road between St. Augustine Road and Orange Ave. In great condition. All four apartments (2/1s) updated in 2022-2023. These show photos with new renovations in 2022-2023. Apartments are fully occupied and stable at the current time. Roof- 2022. Newer kitchen appliances, washers/dryers. Some new/newer HVACs and water heaters. About .22 acre lot. Stable tenants with leases with renewals coming up. Gross income currently at $4875/month ($58,500/annual). HOA provides garbage dumpster, general lawncare, road/parking maintenance, other. Road/parking lots repaved in approx. 2024. Dues are $540/quarterly. Managed by Executive Management, Kayla McKee @850.878.34134. PLEASE DO NOT CONTACT TENANTS OR GO TO THEIR DOORS. WILL NEGOTIATE CONTRACT WITH A CONTINGENCY TO SHOW AFTER THE CONTRACT. Fig/meas approx. Super investment property with great tenants and income stream. Easy to rent- close to Southwood work and downtown work.

1402 Ramble Brook Unit A, Tallahassee

$229,900

404120 MLS

Affordable real estate investment opportunities are few and far between and this one is a no-brainer! Come take a look at this charming bungalow duplex located in Levy Park. Directly adjacent to Midtown, this neighborhood offers walking distance to Publix, restaurants, bars, and nightlife while also being a quick commute by car or bike to downtown, FSU, and FAMU ensuring high rental demand into the future. These units are shotgun style with Unit A featuring 1-bedroom and 1-bathroom and Unit B with 2-bedrooms and 1-bathroom. Both units share a large front porch and screened in back porch. This centrally located duplex has updated bathrooms, floors, and new water heaters. Don't be passive about the prospect of passive income! Schedule a showing today

1618 Branch Street, Tallahassee

$725,000

403916 MLS

One or more photos have been virtually rendered. Welcome to 629 E Park Avenue. This beautifully turn-key, renovated five-unit apartment building offers an incredible investment opportunity in a prime Tallahassee location. Each unit provides a comfortable and inviting living space with hardwood floors, a cozy kitchen and living room, and the convenience of an in-unit washer and dryer. Big ticket items are fairly new with a 2021/2022 roof, HVAC systems and water heaters. Properties have been renovated throughout. The location is situated just a short walk from downtown, Cascades Park, an array of restaurants, shopping, and bars. Residents can take advantage of everything the city has to offer while still enjoying the peace and privacy of home. Don’t miss this rare opportunity to own a multifamily property in the heart of Tallahassee! Seller has four additional nearby properties available, offering a rare multi-asset portfolio opportunity within walking distance of downtown. Proof of funds or lender pre-approval required prior to scheduling showings.

629 E Park Avenue Unit 1-5, Tallahassee

6309 & 6311 Placid Place Unit 2, Tallahassee

$239,000

403774 MLS

Northwest Tallahassee location, this 2-bedroom 2 bath duplex is ready for a new investor or homeowner looking for occupancy & immediate income. The Seller has well maintained the property with a newer roof, paint, flooring, & more. Both units have 2 bedrooms & 2 baths (832 SF each side) featuring a living-dining area with pass thru to the kitchen. The galley style kitchen is equipped with refrigerator, stove, microwave and dishwasher. Each bedroom has own bath with single vanity and tub/shower combination. Light & bright with easy care vinyl flooring throughout the units, no carpet, vinyl exterior siding with low maintenance yard. Current rent is $1175 per month per unit.

6309 & 6311 Placid Place Unit 2, Tallahassee

910 Wadsworth Street Unit -, Tallahassee

$225,000

403768 MLS

910 AND 912 Wadsworth are available for sale with 902 Wadsworth and 1402 Nylic. Seller insists on selling them together at $450K. These are 2 sets of duplexes side by side but room to grow if wanted. Tenant Occupied. Total rental income on all 4 units = $4,480.00. $495,000 is the total price for two duplexs (but they have separate tax IDs). Fenced backyard. Close to FSU and state offices. Professionally Managed by Tallahassee Real Estate Solutions. Newer Roof - installed April 2020. Tenant Occupied. No sign on property, shown by appt only. Some photos are virtually enhanced. Interior photos from previous tenants.

910 Wadsworth Street Unit -, Tallahassee

$225,000

403767 MLS

1402 Nylic AND 902 Wadsworth are a duplex, 910 and 912 Wadsworth is the duplex next door. These 4 units, 2 sets of duplexes, are being sold together. They are side by side but room to grow if wanted. $450,000 is the total price for BOTH duplexs (but they have separate tax IDs). Professionally Managed by Tallahassee Real Estate Solutions. Tenant Occupied. Total rental income on all 4 units = $4,480.00. No sign on property, shown by appt only - 24 notice required. Some photos were virtually enhanced.

1402 Nylic Street Unit -, Tallahassee

2309 & 2311 S Meridian Street Unit 1, Tallahassee

$174,900

403738 MLS

Brick Duplex 2/1 each side with family room and eat in kitchen and a big backyard. Great location!

2309 & 2311 S Meridian Street Unit 1, Tallahassee

599-603 Brooke Hampton Drive Unit n/a, Tallahassee

$499,900

402849 MLS

Excellent duplex investment opportunity featuring a fully occupied property with two 3-bedroom, 2-bathroom units providing immediate rental income. Each unit offers spacious layouts, abundant natural light, and strong tenant appeal. Live in one unit and rent the other to generate income to pay towards your mortgage, or lease both units and earn approximately $40,000 annually in gross rental income. Showings are by appt only with 24-hour notice to show. A prequal letter or proof of funds is required prior to scheduling a showing.

599-603 Brooke Hampton Drive Unit n/a, Tallahassee

$175,000

402802 MLS

Unique investment opportunity on nearly an acre! Whether you're looking for a multi-generational living arrangement, rental income, or a property with room to grow, this versatile parcel offers endless possibilities. The property includes two livable mobile homes, a large storage building, a three-bay carport, and beautiful, mature oak trees that provide shade and privacy throughout the property. The first home offers approximately 1,098 square feet with 3 bedrooms, 1 bath, a spacious deck, and a screened porch. The second home features 2 bedrooms, 2 baths, approximately 784 square feet, a split-bedroom floor plan, an open kitchen and living area, and a large screened porch. Bring your vision and make this property your own! Ideal for investors, extended families, or buyers looking for flexible living arrangements. Cash or owner financing only - property does not qualify for conventional, FHA, or VA financing.

6010 La France Road Unit -, Tallahassee

302 Vantage Point Lane Unit 4, 5, & 6, Tallahassee

$549,999

402567 MLS

Some pictures digitally staged All NEW FULLY RENOVATED TRIPLEX! Rare investment opportunity to buy a turnkey multiplex just minutes away from The Capital, hospital, cascades, and the colleges! One unit is already a successful airbnb/mid-term rental making between $2,500-$3,000/month with and extrapolated income of $7,500-$9,000/month renting all three units! Each unit has been fully renovated head to toe, and features all new kitchen appliances, new flooring, paint, cabinets, sinks, shows, and lighting and beautiful new accordion style sliding glass doors. The exterior has all new windows, siding, and new metal roof. Each unit has their own deck, and patio with a utility room attached containing a washer/dryer. The neighborhood is quiet and feels hidden thanks to the trees surrounding it. Just behind the neighborhood there is a walking trail. Buyer to verify all measurements.

302 Vantage Point Lane Unit 4, 5, & 6, Tallahassee

$549,990

402480 MLS

Great Quad at Willow Bend overlooking Hilaman Golf Course. 2bed/1bath units. Vinyl siding. Roof 2007, Great investment property.

1519 WILLOW BEND Way, Tallahassee

$450,000

402214 MLS

Do Not disturb tenants. Triplex in Old Towne.

602 Gunter Street, Tallahassee

2241 W Pensacola Unit 80 81 82 83, Tallahassee

$290,000

402069 MLS

Four updated 1 bedroom, 1 bathroom condo units being sold together as a quadraplex investment opportunity. These well-maintained units have a strong rental history and stay consistently occupied. Major improvements completed last year include all new ductwork and upgraded insulation. Conveniently located near colleges, shopping, dining, and major businesses, these units are highly desirable for tenants. The HOA provides low-maintenance ownership by covering exterior maintenance, including roofs, parking lots, and the community pool. This is a great opportunity to have multiple rentals in one location. *Will need 24hrs for showings.

2241 W Pensacola Unit 80 81 82 83, Tallahassee

1208 Springsax Road Unit A,B,C, Tallahassee

$355,000

401970 MLS

**Back on the market!** Don't miss this fully occupied triplex offering immediate cash flow and long-term investment potential. All three units are currently leased and have been occupied by long-term tenants, providing consistent rental income from day one. With current rents below market, there's a clear opportunity to increase future income through thoughtful rent adjustments. Recent improvements, including a newer roof and newer HVAC systems, help reduce major capital concerns while allowing the next owner to focus on maximizing returns. Whether you're adding to your portfolio or purchasing your first income-producing property, this triplex is a solid, investor-friendly opportunity with reliable cash flow and upside potential. Bring offers!!

1208 Springsax Road Unit A,B,C, 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

542 & 544 COLLINSFORD Road Unit -, Tallahassee

$458,000

401601 MLS

Each townhome offers 4 spacious bedrooms, each with a private bathroom and walk-in closet for added comfort and convenience. Features include a downstairs bedroom, a half bath for guests, and a functional floor plan with plenty of space. Units 542 & 544 tax id 1133170020110 & 1133170020120 are being sold together as a package deal.

542 & 544 COLLINSFORD Road Unit -, Tallahassee

$350,000

401518 MLS

Four Mobile homes and one warehouse on 4.32 acres. R-3 zoning district allows redevelopment and the potential for 8 dwelling units per acre. Buy and hold or build now. Backs to a City of Tallahassee park and nature preserve. Less than a half a mile to the Florida State University Rec SportsPlex and New lacrosse field. Not in a flood zone! PLEASE DO NOT DISTURB TENANTS.

1634 Rankin Avenue Unit -, Tallahassee

3554 &3586 Austin Davis Avenue Unit -, Tallahassee

$5,750,000

401301 MLS

An exceptional mixed-use and development opportunity on Austin Davis Ave, offering both stabilized income and future growth potential. 3554 Austin Davis Ave is a mixed-use apartment building featuring a combination of residential units and ground-floor commercial space. The property benefits from an urban-style layout designed to support walkable, community-oriented living and retail activation, creating diversified income streams in a single asset. 3586 Austin Davis Ave is a fully entitled development parcel, including approved plans and permits for a new residential complex. This provides a rare, shovel-ready opportunity for immediate construction, reducing time, risk, and entitlement costs for the next phase of development. Together, the properties offer a compelling blend of current cash flow and future expansion potential in a growing corridor; ideal for investors or developers looking to scale within a cohesive urban project.

3554 &3586 Austin Davis Avenue Unit -, Tallahassee

2441 Wren Hollow Drive Unit A, Tallahassee

$335,000

401298 MLS

This well-maintained duplex is an excellent investment opportunity, offering strong cash flow and low maintenance ownership. Featuring a durable metal roof and miniumal landscaping expenses, this property is designed to keep operating costs down while maximizing returns. Both units have been updated with modern vanities and feature hard-surface flooring throughout, with no carpet to replace or maintain. Currently generating $1,500 per month on one side (semi-furnished) and $1,400 per month on the other, the property produces a total monthly rental income of $2,900. Whether you’re a seasoned investor or looking to start your portfolio, this turnkey duplex combines reliable income, attractive updates, and low-maintenance features that make it a smart long-term investment.

2441 Wren Hollow Drive Unit A, Tallahassee

1994 Darryl Drive Unit 1994, Tallahassee

$460,000

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

908 Buena Vista Drive Unit -, Tallahassee

$295,000

399526 MLS

Prime Student Quad – Turnkey cash flow just minutes from FSU + TCC. Built in 2004 with durable concrete block construction, the 1,560 sq ft has 4 efficiency units and includes a shared common area that adds flexibility and appeal. Please refer to drawing in pictures. Perfect for investors seeking immediate income in one of Tallahassee’s strongest rental areas or the potential to live in one unit while renting out the others. Each of the four well-maintained 1-bedroom, 1-bath efficiencies features private exterior access for convenience + privacy, while also having interior access to a shared common kitchen, dining, laundry. All four units are currently rented from $700 per month to $750 each, generating $2,850 in monthly gross income. The seller covers utilities (averaging just $400/month for all 4 units), making these units highly attractive to tenants and easy to manage.

908 Buena Vista Drive Unit -, Tallahassee

$250,000

398971 MLS

Great investment opportunity with this duplex. Each unit is 2BR/1BA featuring private driveway, functional layout, eat-in kitchen, and durable laminate flooring throughout. Both units are currently leased, please give 24 hours notice to show.

2914 Greenon Lane Unit 2, Tallahassee

$375,000

398738 MLS

Great investment opportunity! This is a rare setup: two homes on an expansive .63 acre lot! Zoned R-3 Residential with strong potential to add additional unit(s) (buyer to verify). Perfect for an Airbnb compound, student rental, or small multifamily setup. Unit A is a 3 bedroom, 2.5 bath (1634 SQ FT) with updated kitchen and baths. Unit B is a 3 bedroom, 1 bath (902 SQ FT). Both are currently rented.

1118 Pichard Drive Unit -, Tallahassee

1533 S Bronough Street Unit A-F, Tallahassee

$1,900,000

397251 MLS

Excellent investment opportunity with this 13-unit student housing apartment complex ideally located near Florida A&M University (FAMU) in Tallahassee. The property consists of two buildings being sold together—one featuring 7 units and the second featuring 6 units. The unit mix includes twelve 2-bedroom/1-bath units (approximately 750 sq. ft.) and one 1-bedroom/1-bath unit (approximately 600 sq. ft.). Twelve of the thirteen units are currently leased, providing immediate income with only one 2/1 unit available for lease. Both two-story buildings have been renovated and offer onsite laundry facilities. The property’s prime location places residents just minutes from Florida A&M University, Downtown Tallahassee, and Governor's Square Mall, making it highly desirable for student renters. Strong rental demand, a proven occupancy history, and proximity to major employment, retail, and campus destinations make this a compelling turnkey investment opportunity.

1533 S Bronough Street Unit A-F, Tallahassee

1533 S Bronough Street Unit G-M, Tallahassee

$1,900,000

397249 MLS

Excellent investment opportunity with this 13-unit student housing apartment complex ideally located near Florida A&M University (FAMU) in Tallahassee. The property consists of two buildings being sold together—one featuring 7 units and the second featuring 6 units. The unit mix includes twelve 2-bedroom/1-bath units (approximately 750 sq. ft.) and one 1-bedroom/1-bath unit (approximately 600 sq. ft.). Twelve of the thirteen units are currently leased, providing immediate income with only one 2/1 unit available for lease. Both two-story buildings have been renovated and offer onsite laundry facilities. The property’s prime location places residents just minutes from Florida A&M University, Downtown Tallahassee, and Governor's Square Mall, making it highly desirable for student renters. Strong rental demand, a proven occupancy history, and proximity to major employment, retail, and campus destinations make this a compelling turnkey investment opportunity.

1533 S Bronough Street Unit G-M, Tallahassee

3422 Orlando Drive Unit 3 & 4, Tallahassee

$350,000

396924 MLS

Updated, low-maintenance duplex with strong rental history. Ideal location right past Capital Circle on Apalachee Pkwy. This property is perfect for investors or owner-occupants looking to offset their mortgage with easy rental income. The right side is a 2-bed, 1-bath offering an open floor plan, spacious bedrooms with lots of closet space, a covered back porch, and a fenced backyard. The left side is a 3-bed, 2-bath home with LVP flooring in the living areas and one bedroom, updated kitchen and bathrooms, a covered porch, a fenced backyard, and an overall consistent look throughout the unit.

3422 Orlando Drive Unit 3 & 4, Tallahassee

$279,000

396378 MLS

Great Investment Opportunity! Duplex Two 2 bedroom/1 bath units that have a spacious great room; eat in kitchen and inside laundry room. Located near FSU and TCC, shopping and restaurants on Tennessee Street. Seller has additional property will package together 102 White Drive.

1901 Crosby Court Unit A, Tallahassee

1742 Hartsfield Road Unit A-D, Tallahassee

$510,000

392969 MLS

ASSUMABLE LOAN!!! 477K at only 5.625%!!! Best value and least expensive of the 6 Quads on the market. Property is listed over 10K below appraisal. Over $1500 in inspections, $500 survey and other pluses for Best Value in the Quad world. Excellent Investment or Owner-Occupant Opportunity! Located just 3 miles from Florida State University and 1 mile from I-10. All four ground-floor units feature brand-new HVAC systems, in-unit washer/dryers, and private partially fenced back porches. Current rent is $1300,$1100,$1000,$1000. Roof replaced in 2017 and water heaters updated in 2020 — providing peace of mind and reduced maintenance costs. Ideal for investors or an owner-occupant buyer looking to live in one unit and rent the others. Don’t miss this turnkey opportunity in one of Tallahassee’s most convenient locations!

1742 Hartsfield Road Unit A-D, Tallahassee

1735 JacksonBluff Road Unit 1, Tallahassee

$3,000,000

393411 MLS

NEW CONSTRUCTION STUDENT HOUSING TRIPLEX A WALK TO DOAK CAMPBELL STADIUM!! FULLY LEASED!! GREAT INVESTMENT OPPORTUNITY!!!

1735 JacksonBluff Road Unit 1, Tallahassee

603/605 E Seaboard Street Unit 2, Tallahassee

$325,000

392990 MLS

Two Homes for the Price of One – Downtown Tallahassee Living at Its Best! Update: Please note that the seller will not do owner financing and will not consider offers contingent upon the buyer selling another property. Discover a rare opportunity just off Lafayette Street ideally located adjacent to more than 60 acres of beautiful city parks, including Cascades Park and Myers Park. Enjoy the best of both worlds with peaceful park-side living and the convenience of downtown Tallahassee just moments away. Walk to the scenic lakes, miles of walking trails, tennis courts, baseball fields, and the Myers Park Pool, located only 600 feet away. Restaurants, shopping, and downtown entertainment are all within a quarter mile, making this one of Tallahassee's most desirable locations. The property includes two well-maintained homes: 603 E. Seaboard Street features 3 bedrooms, 2 bathrooms, was built in 1984, and has durable vinyl siding. 605 E. Seaboard Street features 2 bedrooms, 1 bathroom, was built in 1991, and also has durable vinyl siding. Previous Four-Point Inspection reports are available for buyer review, providing added peace of mind. Whether you're looking for a high-potential investment property, multi-generational living, or the opportunity to live in one home while generating rental income from the other, this unique property offers exceptional flexibility, value, and an unbeatable location.

603/605 E Seaboard Street Unit 2, Tallahassee

$675,000

383291 MLS

PART OF 3 PARCELS TOTALING 8.55 AC ACROSS THE STREET FROM CHILES HIGH SCHOOL. FRONTAGE ON THOMASVILLE RD IS 442 feet This listing is for 1.06 ac high and dry land with occupied duplex. One unit rented month to month, second till end of January 2026 See additional acreage of 4.71 ac at Thomasville Rd (MLS # 383289, Tax ID 1414206220000) and 2.78 ac at 7091 Thomasville Rd. (MLS #383290, tax ID 1414206010000 )

7115+7117 THOMASVILLE Road, Tallahassee

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