Renovated
1322 California Street, Tallahassee, FL 32304
For Sale
$199,900
Residential, Tallahassee, FL
Property Size1,025 SF
Price / SF$195.02
Days on Market8
Property Features for 1322 California Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Listing Agency:
Realty One Group Next Gen
(850) 391-7337
Listed By:
Danielle Andrews · License FL #3367252
(727) 433-2402
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 406691
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,025-square-foot duplex in Tallahassee contains two one-bedroom, one-bathroom units and was built in 1975. The property is occupied by tenants. Reported improvements include a roof, windows, water heater, stainless steel appliances and vinyl plank flooring. Construction is block and concrete, and parking is assigned.
The property is located minutes from Florida State University and Florida A&M University. Each unit includes a range and refrigerator.
The property is located minutes from Florida State University and Florida A&M University. Each unit includes a range and refrigerator.
Key Highlights
- Two one‑bedroom, one‑bathroom units
- 1,025 square feet in total
- Tenant‑occupied duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,740
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,800
$214.8K
Cap Rate 7%
$153,429
$153.4K
Cap Rate 9%
$119,333
$119.3K
Market Conditions
NOI Build-Up for 1,025 SF
Gross rent
$16.6K $16.20/SF
− Vacancy
−$1.3K −$1.23/SF
EGI
$15.3K $14.97/SF
− OpEx
−$4.6K −$4.49/SF
NOI
$10.7K $10.48/SF
Area
Tallahassee, FL
Vacancy
7.60%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,800
Cap Rate 7%
$153,429
Cap Rate 9%
$119,333
Alternative Uses
Best Use
Multifamily LT 5
$153.4K
$134.3K – $179.0K
NOI $10,740 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$133.4K
$116.7K – $155.6K
NOI $9,336 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$251.3K
$219.9K – $293.2K
NOI $17,590 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 32304, FL
50,007
Population
23,296
Households
2.1
Avg Household Size
25
Median Age
36%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
3,290
Density / Sq Mi
$30,823
Median Household Income
$14,475
Median Earnings
$1,132
Median Rent
$147,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Tallahassee, FL
Properties on Market for Duplexes in Tallahassee
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied one-bedroom units offer rental income near Florida State University and Florida A&M University.
Where is this duplex located?
The property is located at 1322 California Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units; 1,025 square feet in total; Tenant‑occupied duplex
