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8-Unit Boutique Multifamily Property
For Sale
$1,890,000

1-8-643 Kissimmee St, Tallahassee, FL 32310

Fully renovated 8-unit building offers furnished 2-bedroom units with in-unit laundry and individually metered utilities.

Property SizeContact for details
Days on Market84

Property Features for 1-8-643 Kissimmee St

General Information

Standard status Active

Additional Details

Business Included Yes
Multifamily Units 8

Taxes and HOA fees

Annual Taxes $6,828

Building Details

Tenancy Multi
Listing Agency: Vacant Solutions LLC
Listed By: Dalton Arroyo · License #3602076
Source: Exprealty
Added: May 16 Changed: Aug 7 Last Checked: Aug 7 at 11:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vacant Solutions LLC

Investment Insights

Based on property information with market context.

Ashoka is a fully renovated 8-unit boutique multifamily property in Tallahassee, presented as a true down-to-the-studs renovation with no deferred maintenance. The building provides eight furnished units, each configured as 2 bedrooms and 1 bath, with modern finishes that include quartz countertops, stainless steel appliances, and LVP flooring. Residents also benefit from in-unit washer and dryer hookups, and each unit has individually metered utilities. The property has undergone extensive improvements, including a brand-new low-slope roof, HVAC, plumbing, and electrical systems.

The asset is located at 643 Kissimmee Street and positioned in Tallahassee’s university corridor. The offering notes proximity to Florida A&M University, Florida State University, CollegeTown, Railroad Square, and Downtown Tallahassee.

For buyers seeking a turnkey, renovated apartment building, Ashoka’s unit and systems updates are designed to reduce near-term capital maintenance concerns. With lease-up currently underway, the seller cites projected rents and a projected annual gross scheduled rent at full stabilization; all figures are subject to buyer verification and due diligence. The offering memorandum and digital media package are available upon request.

Key Highlights

  • Fully renovated 8‑unit boutique multifamily property at 643 Kissimmee Street in Tallahassee, FL
  • All 8 units are furnished 2BR/1BA with in‑unit washer/dryers and modern finishes (quartz counters, stainless appliances, LVP flooring)
  • Individually metered utilities for each unit

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Law Firm Electrical Service Veterinary Clinic Plumbing Service (Bike/Boat/Book/etc) Store Pet Grooming 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

8
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

647
Businesses Nearby

Demographics for 32310, FL

17,209
Population
7,621
Households
2.3
Avg Household Size
32
Median Age
22%
College-Educated
85%
High-School Grad
91.9 sq mi
ZIP Area
187
Density / Sq Mi
$38,493
Median Household Income
$24,177
Median Earnings
$1,025
Median Rent
$118,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Fully renovated 8-unit building offers furnished 2-bedroom units with in-unit laundry and individually metered utilities.
Where is this apartment building located?
The property is located at 1-8-643 Kissimmee St Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Fully renovated 8‑unit boutique multifamily property at 643 Kissimmee Street in Tallahassee, FL; All 8 units are furnished 2BR/1BA with in‑unit washer/dryers and modern finishes (quartz counters, stainless appliances, LVP flooring); Individually metered utilities for each unit
More about this property
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