2630-2670 W Pensacola St, Tallahassee, FL 32304
Twenty-two of the 24 units have been updated, with a mix of one- and two-bedroom floorplans.
- Added:
- Jun 13, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 9:30 am
Property Features for 2630-2670 W Pensacola St
General Information
- Standard status
- Active
- Size
- 15,576 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agent George Harrison License #FL BK655262
Listing office Harrison Commercial Properties
Listing date Jun 13, 2026
Source Crexi
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 Harrison Commercial Properties
HighLights
- 24‑unit apartment complex on W Pensacola St, built in 1970
- Unit mix includes 16 one‑bedroom, one‑bath units and 8 two‑bedroom, one‑bath units
- 22 of the 24 units have been updated
- Several units are below market rent (value‑add potential based on current rents)
- West side location convenient to FSU, TSC, and FAMU
- Nearby walkable shopping and dining include Aldi, Five Below, Planet Fitness, Starbucks, McDonald's, and Moe
Overview
The complex is located on W Pensacola St in Tallahassee, FL. The west side location is described as convenient to FSU, TSC, and FAMU. Nearby walkable shopping and dining options cited in the remarks include Aldi, Five Below, Planet Fitness, Starbucks, McDonald’s, and Moe.
For investors or owners considering a value-add strategy, the updated unit mix supports continued tenancy while allowing room to address the remaining units. The straightforward one- and two-bedroom composition can be appealing to households seeking smaller or larger layouts within the same property.
Local Financial Insights For Apartment 5plus
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 | $280.4k | $18.00 |
| − Vacancy | −$22.4k | −$1.44 |
| EGI | $257.9k | $16.56 |
| − OpEx | −$116.1k | −$7.45 |
| NOI | $141.9k | $9.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.3292364
- Latitude
- 30.4414885
