Duplex with Updated
1328 Nylic Street, Tallahassee, FL 32304
For Sale
$220,000
Residential, Tallahassee, FL
Property Size2,050 SF
Price / SF$107.32
Days on Market47
Property Features for 1328 Nylic 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
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
Keller Williams Town & Country
(850) 201-4663
Listed By:
Ashley Hall · License FL #3591314
(850) 556-0749
Added: Sep 25
Changed: Nov 9
Last Checked: Nov 10 at 9:06PM
MLS# 405337
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 single-story duplex contains two apartments, each arranged with two bedrooms and two bathrooms. The 2,050-square-foot property was built in 1950 and has vinyl siding. Recent property updates include a roof installed in 2022, newer water heaters and HVAC systems, and several replaced appliances. The listing includes a washer, dryer, dishwasher, range, and refrigerator. Heating and cooling are central and electric, and parking is assigned.
The property is within walking distance of Florida State University's campus in Tallahassee.
The property is within walking distance of Florida State University's campus in Tallahassee.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 2,050 square feet across a single‑story duplex
- Roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,671
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,420
$373.4K
Cap Rate 7%
$266,729
$266.7K
Cap Rate 9%
$207,456
$207.5K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$36.9K $18.00/SF
− Vacancy
−$3.0K −$1.44/SF
EGI
$33.9K $16.56/SF
− OpEx
−$15.3K −$7.45/SF
NOI
$18.7K $9.11/SF
Area
Tallahassee, FL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,420
Cap Rate 7%
$266,729
Cap Rate 9%
$207,456
Alternative Uses
Best Use
Multifamily LT 5
$306.9K
$268.5K – $358.0K
NOI $21,480 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$266.7K
$233.4K – $311.2K
NOI $18,671 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$502.6K
$439.8K – $586.3K
NOI $35,180 @ 7.0% cap · market cap 15.99%
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
858
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 matching apartments each provide a two-bedroom, two-bathroom layout in a single-story building.
Where is this duplex located?
The property is located at 1328 Nylic Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; 2,050 square feet across a single‑story duplex; Roof replaced in 2022
