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Duplex Near Florida State University

803 W Georgia Street Tallahassee, FL 32304

803 W Georgia Street, Tallahassee, FL, 32304

$695,000

For Sale

$695,000

MULTI_FAMILY - Other - Tallahassee, FL

Property Size3,280 SF

Price / SF$211.89

AddedApr 28

Days on Market79

Last RefreshJul 15 at 9:06 pm

Property Features for 803 W Georgia Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Bathrooms: 8
Rooms: Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 5, Bathroom 8, Bathroom 2, Bedroom 8, Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3
Parking features: Assigned, On Street
Patio and Porch features: Patio
Interior features: WalkInClosets
Appliances: Dryer, Dishwasher, Refrigerator, Washer
Standard status: Active

Taxes and HOA fees

Tax Annual Amount: 9040

Utilities

Heating system: Central
Cooling system: Central Air

Building Details

Year built: 2012
Floors in Building: 2
Number of units: 2
Flooring type: Tile, Varies, Carpet, Clay, Wood
Building materials: Frame
Architectural style: Other

Listing agent Joseph Klenck License #3555950

Listing office The Multifamily Advisors 5085 SW 125th Circle, FL

Listing date Apr 28, 2026

MLS# 399224 Listing URL

Investment Insights

Based on property information with market context.

This well-maintained duplex, constructed in 2012, is located near Florida State University. The property features two units, each with 4 bedrooms and 4 bathrooms, and approximately 1,640 square feet of living space. This property is positioned in a sought-after rental area and is considered a student housing asset. Both units are fully occupied with annual leases extending through 2026 and 2027, providing immediate cash flow. The units are currently rented at $2,000 per month, with an increase to $2,600 per month scheduled for July. The property is located within walking distance of FSU's main campus and less than 2 miles from Doak Campbell Stadium and the Florida State Capitol. Each unit includes granite countertops, stainless steel appliances, and an in-unit washer and dryer. The layout is a two-story design suitable for student co-living. Tenants are responsible for all utilities. The property has a total of 3,280 square feet of living space.

Key Highlights

2012‑built duplex with two 4BR/4BA units and 3,280 total SF (approx. 1,640 SF per unit)
Fully occupied: annual leases in place through 2026 and 2027 for both units
Current rent $2,000/month per unit, increasing to $2,600/month this July

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$53.1k	$16.20
− Vacancy	−$4.0k	−$1.23
EGI	$49.1k	$14.97
− OpEx	−$14.7k	−$4.49
NOI	$34.4k	$10.48

3,280 SF · lease $16.20/SF/yr · vacancy 7.60% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$491.0K

$429.6K – $572.8K (±1% cap)

NOI $34,368 @ 7.0% cap · market cap 4.95%

Second Best

Apartment 5plus

$426.8K

$373.4K – $497.9K (±1% cap)

NOI $29,874 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$804.1K

$703.6K – $938.1K (±1% cap)

NOI $56,288 @ 7.0% cap · market cap 8.10%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
FL
Tallahassee
32304
803 W Georgia Street

What type of property is this?

Duplex - Well-maintained duplex near FSU with leases in place.

Where is this duplex located?

The property is located at 803 W Georgia Street Tallahassee, FL.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: 2012‑built duplex with two 4BR/4BA units and 3,280 total SF (approx. 1,640 SF per unit); Fully occupied: annual leases in place through 2026 and 2027 for both units; Current rent $2,000/month per unit, increasing to $2,600/month this July

803 W Georgia Street Tallahassee, FL 32304

MULTI_FAMILY - Other - Tallahassee, FL

Property Features for 803 W Georgia Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Flex Office Warehouse Property

Flex Warehouse with Office

Turnkey Building Near Downtown Tallahassee

Renovated Downtown Tallahassee Brick Building

Profitable Tallahassee Restaurant with Drive-Thru

Mixed-Use Investment Opportunity

Historic Office Building with Rear Parking

Student Housing Investment Opportunity

Turnkey Office Building Near Downtown

Office-Warehouse Flex Property with Yard

Updated Office Condo with Five Suites

Mixed-Use Live-Work Office Building

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