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13-Unit Student Housing Apartment Complex with Laundry
For Sale
$1,900,000

1533 S Bronough Street, Tallahassee, FL 32301

MULTI_FAMILY - Other - Tallahassee, FL

Property SizeContact for details
Days on Market149

Property Features for 1533 S Bronough Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 1, Bathroom 2
Parking features Assigned
Interior features WalkInClosets
Appliances Dishwasher, Microwave, Range, Refrigerator
Subdivision Morrill Heights
Elementary school BOND
Middle school NIMS
High school LEON
Directions S. Adams, right on W. Palmer Avenue. Google Maps
Standard status Active
APN 12073-41-01-54-000-001-0

Utilities

Heating system Central
Cooling system Central Air

Amenities

onsite laundry

Building Details

Floors in Building 1
Number of units 7
Flooring type Laminate
Building materials Block, Concrete, Stucco
Architectural style Other
Listing Agency: Thomas Lynne Realty Group, LLC
Listed By: Patrick Hancock · License #3413786
Added: Mar 12 Changed: Aug 5 Last Checked: Aug 7 at 3:06AM
MLS# 397249

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.

Investment Insights

Based on property information with market context.

This 13-unit student housing apartment complex is being sold as two buildings together, with one building featuring 7 units and the second featuring 6 units. The unit mix includes twelve 2-bedroom/1-bath units (approximately 750 SF each) and one 1-bedroom/1-bath unit (approximately 600 SF). Twelve of the thirteen units are currently leased, with only one 2/1 unit available for lease. Both two-story buildings have been renovated and include onsite laundry facilities.

The apartments are equipped with central heating and central air, and interior features include walk-in closets. Each unit includes appliances such as dishwasher, microwave, range, and refrigerator. Parking is offered with assigned spaces.

The property is located at 1533 S Bronough Street in Tallahassee near Florida A&M University, Downtown Tallahassee, and Governor’s Square Mall, supporting continued demand for student housing in the area.

Key Highlights

  • 13‑unit, two‑building student housing complex sold together (7 units and 6 units)
  • 12 of 13 units currently leased; only one 2‑bedroom/1‑bath unit available
  • Unit mix: twelve 2‑bedroom/1‑bath units (~750 SF) plus one 1‑bedroom/1‑bath unit (~600 SF)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Storage Facility Electrical Service Kitchen & Bath Showroom Carpet & Flooring Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

2,613
Businesses Nearby

Demographics for 32301, FL

29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-building 13-unit complex with onsite laundry, central HVAC, and 12 of 13 units currently leased.
Where is this apartment building located?
The property is located at 1533 S Bronough Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 13‑unit, two‑building student housing complex sold together (7 units and 6 units); 12 of 13 units currently leased; only one 2‑bedroom/1‑bath unit available; Unit mix: twelve 2‑bedroom/1‑bath units (~750 SF) plus one 1‑bedroom/1‑bath unit (~600 SF)
More about this property
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