Updated Duplex With Metal
For Sale
$335,000
2441 Wren Hollow Dr, Tallahassee, FL 32303
Two residential units feature refreshed vanities and durable hard-surface flooring throughout.
Property Size1,008 SF
Price / SF$332.34
Days on Market83
Property Features for 2441 Wren Hollow Dr
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$34,800
Multifamily Units
2
Building Details
Year Built
1989
Listing Agency:
Bevis Realty
Listed By:
Erik Seise · License #3408489
(904) 403-8938
Source:
Hopegainesrealestate
Added: Jul 25
Changed: Oct 13
Last Checked: Oct 7 at 3:54PM
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 Bevis Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, built in 1989, contains two residential units within a 1,008-square-foot property. Both sides have updated vanities and hard-surface flooring throughout, eliminating carpet from the unit interiors. A metal roof and limited landscaping requirements support straightforward exterior upkeep.
The property is located at 2441 Wren Hollow Dr in Tallahassee, Florida. Its two-unit configuration provides separate residential spaces within a single income-producing asset.
The property is located at 2441 Wren Hollow Dr in Tallahassee, Florida. Its two-unit configuration provides separate residential spaces within a single income-producing asset.
Key Highlights
- Two‑unit duplex configuration
- 1,008‑square‑foot property built in 1989
- Updated vanities in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,562
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,240
$211.2K
Cap Rate 7%
$150,886
$150.9K
Cap Rate 9%
$117,356
$117.4K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$16.3K $16.20/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$15.1K $14.97/SF
− OpEx
−$4.5K −$4.49/SF
NOI
$10.6K $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%
$211,240
Cap Rate 7%
$150,886
Cap Rate 9%
$117,356
Alternative Uses
Best Use
Multifamily LT 5
$150.9K
$132.0K – $176.0K
NOI $10,562 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$131.2K
$114.8K – $153.0K
NOI $9,181 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$247.1K
$216.2K – $288.3K
NOI $17,298 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
380
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 residential units feature refreshed vanities and durable hard-surface flooring throughout.
Where is this duplex located?
The property is located at 2441 Wren Hollow Dr Tallahassee, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,008‑square‑foot property built in 1989; Updated vanities in both units
