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    1240 And 2, Unit 1 Tallahassee, FL 32310

    Sponsored
    For Sale
    $175,000

    MULTI_FAMILY - Other - Tallahassee, FL

    Days on Market:
    5
    Last Refresh:
    Jan 6 at 11:06 pm

    Property Features for 1240 And 2

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
    Bedrooms
    6
    APN
    12073-41-02-30- L-007-0
    Parking features
    Assigned, On Street
    Appliances
    Refrigerator

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl
    Architectural style
    Other

    The Naumann Group Real Estate, Inc. (850) 933-0328 [email protected]

    Listing agent Katherine Searcy (850) 325-1681 License #3269756

    Listing date Jan 2, 2026

    MLS# 394503 Listing URL

    Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two Homes, One Lot

    This property presents a rare value-add investment opportunity in a prime university-area rental market, featuring two separate homes on one lot. The configuration allows for multiple income streams with potential for increased returns. House #1, approximately 722 square feet, includes 3 bedrooms and 1 bathroom and requires renovations. House #2, approximately 817 square feet, also features 3 bedrooms and 1 bathroom and is currently rented. Both homes are independently livable and suitable for student housing, mid-term rentals, or long-term tenants. Targeted renovations can potentially increase rents and cash flow. The property is located in a high-demand rental corridor near universities, shopping, dining, and public transportation, which supports consistent tenant demand and low vacancy. This setup is suited for investors aiming to maximize returns and build equity in a rental market driven by students and professionals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.304478
    Latitude
    30.424719

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    FAQs

    What type of property is this?
    Duplex - High-cash-flow investment opportunity near universities.
    Where is this duplex located?
    The property is located at 1240 And 2, Unit 1 Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Two Homes on One Lot: Generates multiple income streams and higher ROI.; - Prime University Proximity: Ensures strong and consistent rental demand.; - Value-Add Renovation Opportunity: Potential to increase rents and force appreciation.
    (850) 325-1681
    Request Owner's contact information
    1240 And 2, Unit 1 Tallahassee, FL 32310
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1240 And 2, Unit 1 Tallahassee, FL 32310
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