Turn-Key Investment Opportunity in Tallahassee

118 W 8th Avenue, Tallahassee, FL 32303

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For Sale

$1,225,000

MULTI_FAMILY - Other - Tallahassee, FL

HighLights

Turn‑key investment opportunity with immediate cash flow from 100% occupancy in triplexes and a high‑demand Airbnb.
Package deal: Two income‑producing triplexes and a detached single‑family home under one parcel.
Prime location in the desirable Levy Park area of Midtown Tallahassee, less than three miles from FSU and the State Capitol.
Completely renovated properties with modern amenities, including in‑unit laundry, individual decks, and updated appliances.
Strong rental income: Approximately $30,000/year from the detached home and $7,000/month from the triplexes.
Well‑maintained properties with newer AC units and professional tree mitigation.

We can help!

Listing Contact

Velinda Hittinger

For Sale

$1,225,000

MULTI_FAMILY - Other - Tallahassee, FL

Added:: Apr 30, 2026
Days on Market:: 56
Last Refresh:: Jun 24 at 12:06 am

Property Features for 118 W 8th Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Bathrooms: 8
Rooms: Bathroom 2, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 8, Bedroom 3, Bathroom 6, Bathroom 7, Bedroom 1, Bedroom 7, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 4
Parking features: On Street, Assigned
Security features: Security
Patio and Porch features: Patio, Deck
Interior features: TrayCeilings, VaultedCeilings, WindowTreatments
Exterior features: Deck
Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, RefrigeratorWithIceMaker, Washer
Standard status: Active
APN: 12073-21-25-43- F-007-0

Taxes and HOA fees

Tax Annual Amount: 9709

Utilities

Heating system: Electric (Heating), Central
Cooling system: Electric, Central Air, Attic Fan, Ceiling Fan(s)

Building Details

Year built: 1979
Floors in Building: 1
Number of units: 7
Flooring type: Vinyl, Wood
Building materials: WoodSiding
Architectural style: Other

We can help!

Listing Contact

Velinda Hittinger

Listing agent Velinda Hittinger License #3473050

Listing office Armor Realty, Inc 1519 Killearn Center Blvd, Tallahassee, FL

Listing date Apr 30, 2026

MLS# 399338 Listing URL

HighLights

Turn‑key investment opportunity with immediate cash flow from 100% occupancy in triplexes and a high‑demand Airbnb.
Package deal: Two income‑producing triplexes and a detached single‑family home under one parcel.
Prime location in the desirable Levy Park area of Midtown Tallahassee, less than three miles from FSU and the State Capitol.
Completely renovated properties with modern amenities, including in‑unit laundry, individual decks, and updated appliances.
Strong rental income: Approximately $30,000/year from the detached home and $7,000/month from the triplexes.
Well‑maintained properties with newer AC units and professional tree mitigation.

Overview

This investment opportunity in Tallahassee features two income-producing triplexes and a detached single-family home. The properties are situated less than three miles from Florida State University and the Florida State Capitol, in the Levy Park area of Midtown. The gross rent roll of the detached home is approximately $30,000 per year, and the long-term triplex leases are approximately $7,000 monthly. The detached single-family home features two bedrooms, two full bathrooms, original wood floors, lighting, and a faux fireplace. The eat-in kitchen includes bar stool seating and a coffee nook. One bathroom offers a wood-grain double vanity, mosaic floor tiling, and a glass-enclosed walk-in shower with a gold rain shower head. Outside, the home features a back deck area. The triplexes feature vaulted ceilings with wood and white-painted exposed beams, an open main floor concept, light-toned wood-plank flooring, in-unit laundry, individual back decks, and unassigned parking spaces. Property maintenance has been handled, including newer AC units and professional tree mitigation. The property has 100% occupancy across all triplex units and a high-demand Airbnb in the detached home. All furniture and other items in the detached single-family home are negotiable with the sale.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Tallahassee
County: Leon
State: Florida
Longitude: -84.282859
Latitude: 30.459783

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For sale
Multifamily properties
FL
Tallahassee
32303
118 W 8th Avenue

What type of property is this?

Multifamily property - Two triplexes and a single-family home near Florida State.

Where is this multifamily property located?

The property is located at 118 W 8th Avenue Tallahassee, FL.

What is the asking price?

The asking price for this property is $1,225,000.

What are key features of this property?

This property features: Turn‑key investment opportunity with immediate cash flow from 100% occupancy in triplexes and a high‑demand Airbnb.; Package deal: Two income‑producing triplexes and a detached single‑family home under one parcel.; Prime location in the desirable Levy Park area of Midtown Tallahassee, less than three miles from FSU and the State Capitol.

118 W 8th Avenue, Tallahassee, FL 32303

MULTI_FAMILY - Other - Tallahassee, FL

Property Features for 118 W 8th Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turn-Key Childcare Facility For Sale

Turnkey Office Building Near Downtown

Flex Office Warehouse Property

Flex Warehouse with Office

Turnkey Building Near Downtown Tallahassee

Renovated Downtown Tallahassee Brick Building

Profitable Tallahassee Restaurant with Drive-Thru

Mixed-Use Investment Opportunity

Waterfront Restaurant Opportunity on Lake Jackson

Historic Governor Bloxham House

Student Housing Investment Opportunity

Updated Office Condo with Five Suites

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