Two-Story
For Sale
$350,000
1352 Ocala Road #A/B, Tallahassee, FL 32304
Both residences feature open living areas, laminate flooring, and low-maintenance vinyl siding.
Property Size2,560 SF
Price / SF$136.72
Days on Market42
Property Features for 1352 Ocala Road #A/B
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 4BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,442
Amenities
laminate flooring
open-concept living spaces
Deck
Fence
Building Details
Building Size
2,560 SF
Year Built
1995
Buildings
1
Stories
2
Units
2
Construction
vinyl siding
Listing Agency:
The Naumann Group Real Estate
Listed By:
Tammy Lee · License #3618898
(850) 325-1681
Source:
Bertpope
Added: Sep 25
Changed: Nov 4
Last Checked: Nov 5 at 4:48AM
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 The Naumann Group Real Estate
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Investment Insights
Based on property information with market context.
Built in 1995, this duplex contains two two-story residences, each with four bedrooms and three bathrooms. Open-concept living areas and laminate flooring are featured inside, while vinyl siding covers the exterior. The roof was replaced in 2020.
The property is located near TCC and FSU.
The property is located near TCC and FSU.
Key Highlights
- Two residences, each with 4 bedrooms and 3 bathrooms
- Two‑story layout in each residence
- Roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,824
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,480
$536.5K
Cap Rate 7%
$383,200
$383.2K
Cap Rate 9%
$298,044
$298.0K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$41.5K $16.20/SF
− Vacancy
−$3.2K −$1.23/SF
EGI
$38.3K $14.97/SF
− OpEx
−$11.5K −$4.49/SF
NOI
$26.8K $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%
$536,480
Cap Rate 7%
$383,200
Cap Rate 9%
$298,044
Alternative Uses
Best Use
Multifamily LT 5
$383.2K
$335.3K – $447.1K
NOI $26,824 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$333.1K
$291.5K – $388.6K
NOI $23,316 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$627.6K
$549.2K – $732.2K
NOI $43,932 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature open living areas, laminate flooring, and low-maintenance vinyl siding.
Where is this duplex located?
The property is located at 1352 Ocala Road #A/B Tallahassee, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 3 bathrooms; Two‑story layout in each residence; Roof replaced in 2020
