Duplex with Rental
2243 S Meridian St Tallahassee, FL 32301
For Sale
Contact for pricing
Two-unit duplex offered for sale, providing flexibility to occupy one side and rent the other.
Property Size2,030 SF
Price / SF$184.73
Days on Market121
Property Features for 2243 S Meridian St
General Information
- Standard status
- Active
- Size
- 2,030 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2008
Listing Agency:
Keller Williams Town & Country
Listed By:
Karina Robinson · License #SL 3580620
Source:
Crexi
Added: Mar 26
Changed: Jul 21
Last Checked: Jul 24 at 6:25PM
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 Keller Williams Town & Country
Investment Insights
Based on property information with market context.
This property is a duplex offered for sale, designed as a two-unit residential income setup. The listing highlights an opportunity for an owner to live in one side while renting the other.
No additional building details, unit configuration, or condition information are provided in the available materials.
The asset is presented as an investor and/or student-oriented opportunity in the remarks, with a focus on dual-occupancy options through the duplex format.
No additional building details, unit configuration, or condition information are provided in the available materials.
The asset is presented as an investor and/or student-oriented opportunity in the remarks, with a focus on dual-occupancy options through the duplex format.
Key Highlights
- Two‑unit duplex for sale (duplex/2‑unit property)
- Year built: 2008
- Opportunity to live in one unit and rent the other
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $16.20 |
| − Vacancy | −$2.5k | −$1.23 |
| EGI | $30.4k | $14.97 |
| − OpEx | −$9.1k | −$4.49 |
| NOI | $21.3k | $10.48 |
2,030 SF · lease $16.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$303.9K
$265.9K – $354.5K
NOI $21,271 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$264.1K
$231.1K – $308.2K
NOI $18,489 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$497.7K
$435.5K – $580.6K
NOI $34,837 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex offered for sale, providing flexibility to occupy one side and rent the other.
Where is this duplex located?
The property is located at 2243 S Meridian St Tallahassee, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex for sale (duplex/2‑unit property); Year built: 2008; Opportunity to live in one unit and rent the other
