Student Housing Investment
For Sale
$1,900,000
1533 S Bronough Street, Tallahassee, FL 32301
MULTI_FAMILY - Tallahassee, FL
Property Size750 SF
Lot Size0.30 Acres
Price / SF$2,533
Days on Market148
Property Features for 1533 S Bronough Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Directions
S. Adams, right on W. Palmer Avenue. Google Maps
Subdivision
Leon
Standard status
Active
APN
12073-41-01-54-000-001-0
Size
750 SF
Lot size
0.30 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Number of units
7
Building materials
Block, Concrete
Roof type
Built-Up
Listing Agency:
Thomas Lynne Realty Group, LLC
(407) 808-0899
Listed By:
Patrick Hancock · License #3413786
(407) 808-0899
Added: Mar 13
Changed: May 8
Last Checked: Aug 7 at 3:06AM
MLS# 397279
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 presents an investment opportunity, ideally located near Florida A&M University (FAMU) in Tallahassee. The property comprises two buildings being sold together, one featuring 7 units and the second featuring 6 units. The unit mix includes twelve 2-bedroom/1-bath units (approximately 750 sq. ft.) and one 1-bedroom/1-bath unit (approximately 600 sq. ft.). Twelve of the thirteen units are currently leased, providing immediate income with only one 2/1 unit available for lease. Both two-story buildings have been renovated and offer onsite laundry facilities. Situated on a 0.3-acre lot, the property's location places residents just minutes from Florida A&M University, Downtown Tallahassee, and Governor's Square Mall, making it highly desirable for student renters. The property is located in Leon County, Florida. Strong rental demand, a proven occupancy history, and proximity to major employment, retail, and campus destinations make this a compelling turnkey investment opportunity.
Key Highlights
- Prime location near Florida A&M University (FAMU), Downtown Tallahassee, and Governor's Square Mall, highly desirable for student renters.
- Turnkey investment opportunity with 12 of 13 units currently leased, providing immediate income.
- 13‑unit apartment complex consisting of two renovated buildings being sold together.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,613
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 13-unit apartment complex near Florida A&M University.
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: Prime location near Florida A&M University (FAMU), Downtown Tallahassee, and Governor's Square Mall, highly desirable for student renters.; Turnkey investment opportunity with 12 of 13 units currently leased, providing immediate income.; 13‑unit apartment complex consisting of two renovated buildings being sold together.
