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13-Unit Renovated Apartment Complex
For Sale
$1,900,000

1533 S Bronough Street, Tallahassee, FL 32301

CommercialSale, Tallahassee, FL

Property SizeContact for details
Lot Size0.15 Acres
Days on Market194

Property Features for 1533 S Bronough Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Morrill Heights
Standard status Active
APN 12073-41-01-54-000-005-0
Lot size 0.15 Acres

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Amenities

onsite laundry facilities

Building Details

Number of units 6
Building materials Block, Concrete
Roof type Built-Up
Listing Agency: Thomas Lynne Realty Group, LLC
Listed By: Patrick Hancock · License #3413786
Added: Mar 13 Changed: Sep 8 Last Checked: Sep 22 at 9:06PM
MLS# 397277

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.

Investment Insights

Based on property information with market context.

This offering includes 13 apartments arranged across two renovated, two-story buildings. One building contains seven units and the other contains six. The mix comprises twelve approximately 750-square-foot two-bedroom, one-bath apartments plus one approximately 600-square-foot one-bedroom, one-bath apartment. Onsite laundry serves the property, while central heating and central air provide building systems. Block and concrete construction, a built-up roof, and public water are also present.

The property occupies 0.15 acres at 1533 S Bronough Street in Tallahassee. Florida A&M University, Downtown Tallahassee, and Governor’s Square Mall are identified as nearby destinations. Twelve units are leased, with one two-bedroom apartment available for lease.

Key Highlights

  • 13‑unit apartment complex across two buildings: one with 7 units and one with 6
  • Twelve 2‑bedroom/1‑bath units, approximately 750 sq. ft. each
  • One 1‑bedroom/1‑bath unit with approximately 600 sq. ft.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Nursing Home

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

13
Residential units

Location Intelligence

Trade Area within ½ mile

1,341
Businesses Nearby

Demographics for 32301, FL

29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
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

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

What type of property is this?
Apartment building - Two renovated two-story buildings include onsite laundry and central HVAC.
Where is this apartment building located?
The property is located at 1533 S Bronough Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 13‑unit apartment complex across two buildings: one with 7 units and one with 6; Twelve 2‑bedroom/1‑bath units, approximately 750 sq. ft. each; One 1‑bedroom/1‑bath unit with approximately 600 sq. ft.
More about this property
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