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Renovated 13-Unit Apartment Complex
For Sale
$1,900,000

1533 S Bronough Street, Tallahassee, FL 32301

CommercialSale, Tallahassee, FL

Property SizeContact for details
Lot Size0.30 Acres
Days on Market195

Property Features for 1533 S Bronough Street

General Information

Property type Commercial Sale
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
Lot size 0.30 Acres

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Amenities

onsite laundry facilities

Building Details

Number of units 7
Building materials Block, Concrete
Roof type Built-Up
Listing Agency: Thomas Lynne Realty Group, LLC
Listed By: Patrick Hancock · License #3413786
Added: Mar 13 Changed: Sep 8 Last Checked: Sep 22 at 11:06PM
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 apartment property includes 13 units across two renovated, two-story buildings. The unit mix comprises twelve 2-bedroom/1-bath apartments of approximately 750 square feet and one 1-bedroom/1-bath apartment measuring approximately 600 square feet. Central heating and central air serve the residences, while onsite laundry facilities add a shared amenity. Block and concrete construction, a built-up roof, and public water are also in place.

Twelve units are leased, with one 2/1 apartment available for lease. The property is located at 1533 S Bronough Street in Tallahassee, near Florida A&M University, Downtown Tallahassee, and Governor's Square Mall. Its 0.3-acre site supports a compact multifamily configuration near campus, retail, and employment destinations.

Key Highlights

  • 13‑unit student housing apartment complex on a 0.3‑acre site
  • Two buildings: one with 7 units and one with 6 units
  • Unit mix includes twelve 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Nursing Home

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

1,341
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 renovated buildings provide student-oriented apartments with onsite laundry and a mix of one- and two-bedroom layouts.
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 on a 0.3‑acre site; Two buildings: one with 7 units and one with 6 units; Unit mix includes twelve 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
More about this property
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