1312 Nylic Street, Tallahassee, FL 32304
- Added:
- Apr 25, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 12 at 2:06 pm
Property Features for 1312 Nylic Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 8, Bedroom 7, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
- Parking features
- Assigned
- Appliances
- Dishwasher, Range, Refrigerator
- Standard status
- Active Under Contract
- APN
- 12073-21-26-90- B-011-0
- Size
- 3,424 SF
Taxes and HOA fees
- Tax Annual Amount
- 6165
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Clay, Tile
- Building materials
- Brick, WoodSiding
- Architectural style
- Other
Listing agent Candace Riley License #3410065 (850) 322-8789
Listing office Keller Williams Town & Country FL (850) 201-4663
Listing date Apr 25, 2026
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.
HighLights
- Turnkey Quadruplex: Immediate, stable income from four currently leased units.
- Prime Location: Conveniently located near FSU, FAMU, and TCC.
- Each unit features 2 bedrooms, 1 bathroom, and approximately 856 sq ft with front and back porch.
- Major Updates: Includes 2018 roof and recently resurfaced parking lot.
- Desirable Features: Each unit includes a dishwasher, range, and refrigerator.
- Durable Construction: Built with brick and wood siding.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.5k | $16.20 |
| − Vacancy | −$4.2k | −$1.23 |
| EGI | $51.3k | $14.97 |
| − OpEx | −$15.4k | −$4.49 |
| NOI | $35.9k | $10.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.303305
- Latitude
- 30.451571
