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Renovated Two-Building Apartment Complex
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 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 3
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 12073-41-01-54-000-005-0

Utilities

Heating system Central
Cooling system Central Air

Amenities

onsite laundry

Building Details

Floors in Building 1
Number of units 6
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# 397251

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 renovated, two-building apartment complex offers student housing with 13 total units being sold together: one building with 7 units and a second building with 6 units. The unit mix includes twelve 2-bedroom/1-bath units (approximately 750 SF) and one 1-bedroom/1-bath unit (approximately 600 SF). Twelve of the thirteen units are currently leased, with one 2/1 unit available for lease.

Both two-story buildings have been renovated and include on-site laundry facilities. Interiors feature walk-in closets. Common appliances include dishwasher, microwave, range, and refrigerator. The buildings are constructed with block, concrete, and stucco, with central heating and central air conditioning.

Parking is provided with assigned spaces. With a location near Florida A&M University and other key destinations, this property is positioned for resident convenience.

Key Highlights

  • 13‑unit student housing apartment complex sold as two buildings: 7 units and 6 units
  • Unit mix: twelve 2‑bedroom/1‑bath units (~750 SF) plus one 1‑bedroom/1‑bath (~600 SF)
  • 12 of 13 units currently leased, with one 2/1 unit available for lease

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 - Renovated 13-unit student housing apartment complex with on-site laundry and central heating and cooling in place.
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 student housing apartment complex sold as two buildings: 7 units and 6 units; Unit mix: twelve 2‑bedroom/1‑bath units (~750 SF) plus one 1‑bedroom/1‑bath (~600 SF); 12 of 13 units currently leased, with one 2/1 unit available for lease
More about this property
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