Two-Unit Townhome
229-231 Wilson Green Boulevard, Tallahassee, FL 32305
For Sale
New
$480,000
Residential, Tallahassee, FL
Property Size2,228 SF
Price / SF$215.44
Days on Market7
Property Features for 229-231 Wilson Green Boulevard
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Taxes and HOA fees
HOA Fee
Utilities
Heating system
Cooling system
Amenities
gated community
open-concept kitchen
oversized eat-in island
stainless steel appliances
walk-in closet
dual vanities
granite countertops
tub/shower combinations
nine-foot ceilings
tray ceilings
upgraded electrical package
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Listing Agency:
Word & Company Realty
Listed By:
Lasheriny Word · License FL #3169120
(850) 210-5884
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 406762
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.
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Investment Insights
Based on property information with market context.
This offering comprises two side-by-side, newly built townhomes at 229 and 231 Wilson Green Boulevard. Each residence contains 1,114 square feet, with three bedrooms, two full bathrooms, and an open kitchen, dining, and living area. Kitchen equipment includes stainless steel Whirlpool appliances, including a refrigerator with an ice maker, microwave, and dishwasher. The primary suite features a walk-in closet and dual vanities. Nine-foot ceilings and tray ceilings in the living room and primary bedroom add interior detail.
The homes are within the gated Wilson Green community in Tallahassee, approximately 10 minutes from area universities and 15 minutes from downtown. Each home has a separate parcel ID, so either may be purchased individually or both acquired together.
The homes are within the gated Wilson Green community in Tallahassee, approximately 10 minutes from area universities and 15 minutes from downtown. Each home has a separate parcel ID, so either may be purchased individually or both acquired together.
Key Highlights
- Two side‑by‑side residences totaling 2,228 square feet
- Each townhome offers 1,114 square feet, 3 bedrooms, and 2 full baths
- Separate street addresses and parcel IDs allow individual or combined purchase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,345
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,900
$466.9K
Cap Rate 7%
$333,500
$333.5K
Cap Rate 9%
$259,389
$259.4K
Market Conditions
NOI Build-Up for 2,228 SF
Gross rent
$36.1K $16.20/SF
− Vacancy
−$2.7K −$1.23/SF
EGI
$33.4K $14.97/SF
− OpEx
−$10.0K −$4.49/SF
NOI
$23.3K $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%
$466,900
Cap Rate 7%
$333,500
Cap Rate 9%
$259,389
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.1K
NOI $23,345 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$289.9K
$253.7K – $338.2K
NOI $20,293 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$546.2K
$477.9K – $637.3K
NOI $38,235 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
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Business Placement
Demographics for 32305, FL
19,199
Population
8,517
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
83%
High-School Grad
96.0 sq mi
ZIP Area
200
Density / Sq Mi
$47,694
Median Household Income
$32,166
Median Earnings
$923
Median Rent
$154,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Tallahassee, FL
Properties on Market for Duplexes in Tallahassee
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own street address and parcel, allowing individual or combined acquisition.
Where is this duplex located?
The property is located at 229-231 Wilson Green Boulevard Tallahassee, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two side‑by‑side residences totaling 2,228 square feet; Each townhome offers 1,114 square feet, 3 bedrooms, and 2 full baths; Separate street addresses and parcel IDs allow individual or combined purchase
