Duplex with Separate Ownership
For Sale
$779,900
226 E Bradford Road #A & B, Tallahassee, FL 32303
Two residences offer granite finishes, spray-foam insulation, and features designed to support possible condominium conversion.
Property Size3,400 SF
Price / SF$229.38
Days on Market66
Property Features for 226 E Bradford Road #A & B
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multi Family Home
Lease Term
12 Months
Amenities
Entrance Foyer
Pantry
Walk-In Closet(s)
Building Details
Building Size
3,400 SF
Year Built
2025
Stories
2
Units
2
Listing Agency:
Verve Residential
Listed By:
Jay Long · License #3179299
(850) 491-2272
Source:
Bertpope
Added: Sep 1
Changed: Nov 5
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 Verve Residential
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Investment Insights
Based on property information with market context.
Built in 2025, this duplex contains two residences totaling 3,400 square feet. Each side offers approximately 1,700 square feet, with three bedrooms, two-and-a-half baths, 10-foot ceilings, 8-foot doors, granite surfaces, walk-in pantries, and spray-foam insulation. Enhanced fire separation between the units was incorporated into the construction. The property’s design is intended to accommodate potential condominium conversion and separate ownership, subject to required documents, approvals, and recording.
Located at 226 E Bradford Road in Tallahassee, the property is offered as a single duplex. Each residence currently commands $2,500 per month in rent. Potential arrangements described for the property include leasing both units or occupying one residence while renting the other.
Located at 226 E Bradford Road in Tallahassee, the property is offered as a single duplex. Each residence currently commands $2,500 per month in rent. Potential arrangements described for the property include leasing both units or occupying one residence while renting the other.
Key Highlights
- Two residences totaling 3,400 square feet; approximately 1,700 square feet each
- Each unit has 3 bedrooms and 2.5 baths
- Built in 2025 with 10‑foot ceilings and 8‑foot doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,626
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,520
$712.5K
Cap Rate 7%
$508,943
$508.9K
Cap Rate 9%
$395,844
$395.8K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$55.1K $16.20/SF
− Vacancy
−$4.2K −$1.23/SF
EGI
$50.9K $14.97/SF
− OpEx
−$15.3K −$4.49/SF
NOI
$35.6K $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%
$712,520
Cap Rate 7%
$508,943
Cap Rate 9%
$395,844
Alternative Uses
Best Use
Multifamily LT 5
$508.9K
$445.3K – $593.8K
NOI $35,626 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$442.4K
$387.1K – $516.1K
NOI $30,967 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$833.5K
$729.3K – $972.5K
NOI $58,347 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer granite finishes, spray-foam insulation, and features designed to support possible condominium conversion.
Where is this duplex located?
The property is located at 226 E Bradford Road #A & B Tallahassee, FL.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: Two residences totaling 3,400 square feet; approximately 1,700 square feet each; Each unit has 3 bedrooms and 2.5 baths; Built in 2025 with 10‑foot ceilings and 8‑foot doors
