Tenant-Occupied Duplex
For Sale
$225,000
910 Wadsworth St, Tallahassee, FL 32304
Two side-by-side duplex residences with fenced outdoor space and professional management in place.
Property Size1,620 SF
Price / SF$138.89
Days on Market61
Property Features for 910 Wadsworth St
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$495,000
Multifamily Units
4
Amenities
fenced backyard
Building Details
Year Built
1951
Buildings
2
Listing Agency:
Tallahassee Real Estate Sol.
Listed By:
Peggy Dye · License #3392974
(850) 339-6995
Source:
Hopegainesrealestate
Added: Aug 10
Changed: Oct 7
Last Checked: Oct 7 at 1:39PM
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 Tallahassee Real Estate Sol.
Investment Insights
Based on property information with market context.
This tenant-occupied residential income property consists of two adjoining duplex sets at 910 and 912 Wadsworth St, together with 902 Wadsworth and 1402 Nylic. The four-unit configuration totals 1,620 square feet, includes fenced backyards, and is professionally managed by Tallahassee Real Estate Solutions. The structures were built in 1951, with a newer roof installed in April 2020.
The property is near FSU and state offices in Tallahassee. The four units are occupied, and showings are available by appointment only. The related duplex properties have separate tax IDs.
The property is near FSU and state offices in Tallahassee. The four units are occupied, and showings are available by appointment only. The related duplex properties have separate tax IDs.
Key Highlights
- Four‑unit duplex configuration across two side‑by‑side duplex sets
- 1,620 square feet across the property
- Tenant occupied and professionally managed by Tallahassee Real Estate Solutions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,975
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,500
$339.5K
Cap Rate 7%
$242,500
$242.5K
Cap Rate 9%
$188,611
$188.6K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$26.2K $16.20/SF
− Vacancy
−$2.0K −$1.23/SF
EGI
$24.2K $14.97/SF
− OpEx
−$7.3K −$4.49/SF
NOI
$17.0K $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%
$339,500
Cap Rate 7%
$242,500
Cap Rate 9%
$188,611
Alternative Uses
Best Use
Multifamily LT 5
$242.5K
$212.2K – $282.9K
NOI $16,975 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$210.8K
$184.4K – $245.9K
NOI $14,755 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$397.2K
$347.5K – $463.4K
NOI $27,801 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
772
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side duplex residences with fenced outdoor space and professional management in place.
Where is this duplex located?
The property is located at 910 Wadsworth St Tallahassee, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑unit duplex configuration across two side‑by‑side duplex sets; 1,620 square feet across the property; Tenant occupied and professionally managed by Tallahassee Real Estate Solutions
