Brick
For Sale
$215,000
2430 & 2432 Atlas Road Unit 2, Tallahassee, FL 32303
The 1972 property includes an attached carport on one side and has separate occupancy on each side.
Property Size1,832 SF
Price / SF$117.36
Days on Market22
Property Features for 2430 & 2432 Atlas Road Unit 2
General Information
Standard status
Active
Size
1,832 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
fixed up
Additional Details
Highway Access
Yes
Multifamily Units
2
Tenant in Place
Yes
Amenities
attached carport
Building Details
Building Size
1,832 SF
Year Built
1972
Construction
all-brick
Tenancy
Single
Listing Agency:
Coldwell Banker Hartung
Listed By:
Cindy Cooper · License #590591
(850) 545-8076
Source:
Tngrealty
Added: Oct 12
Changed: Nov 1
Last Checked: Nov 1 at 3:22PM
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 Coldwell Banker Hartung
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,832-square-foot duplex was built in 1972 and has brick construction. An attached carport serves one side of the property. The left unit is vacant, while the right unit has a long-term tenant.
Astoria Elementary School is directly across from the property, and interstate access is available nearby. The address is in Tallahassee, Florida.
Astoria Elementary School is directly across from the property, and interstate access is available nearby. The address is in Tallahassee, Florida.
Key Highlights
- 1,832‑square‑foot duplex
- Built in 1972 with brick construction
- Attached carport on one side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,196
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,920
$383.9K
Cap Rate 7%
$274,229
$274.2K
Cap Rate 9%
$213,289
$213.3K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$29.7K $16.20/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$27.4K $14.97/SF
− OpEx
−$8.2K −$4.49/SF
NOI
$19.2K $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%
$383,920
Cap Rate 7%
$274,229
Cap Rate 9%
$213,289
Alternative Uses
Best Use
Multifamily LT 5
$274.2K
$240.0K – $319.9K
NOI $19,196 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$238.4K
$208.6K – $278.1K
NOI $16,686 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$449.1K
$393.0K – $524.0K
NOI $31,439 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
112
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 - The 1972 property includes an attached carport on one side and has separate occupancy on each side.
Where is this duplex located?
The property is located at 2430 & 2432 Atlas Road Unit 2 Tallahassee, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,832‑square‑foot duplex; Built in 1972 with brick construction; Attached carport on one side
