Duplex With Private
For Sale
$250,000
2914 Greenon Lane Unit 2, Tallahassee, FL 32304
Both residences are leased and include eat-in kitchens.
Property Size1,664 SF
Price / SF$150.24
Days on Market195
Property Features for 2914 Greenon Lane Unit 2
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,664 SF
Year Built
1979
Listing Agency:
Lauer Real Estate Group LLC
Listed By:
Brittany Lauer · License #3163318
(850) 294-2832
Source:
Tngrealty
Added: Apr 22
Changed: Nov 1
Last Checked: Nov 1 at 3:56PM
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 Lauer Real Estate Group LLC
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 1,664-square-foot duplex, built in 1979, contains two residences, each with two bedrooms, one bathroom, an eat-in kitchen, and laminate flooring. Each unit also has its own driveway. Both residences are currently leased.
Key Highlights
- Two‑unit duplex with 1,664 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Separate driveway for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,436
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,720
$348.7K
Cap Rate 7%
$249,086
$249.1K
Cap Rate 9%
$193,733
$193.7K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$27.0K $16.20/SF
− Vacancy
−$2.0K −$1.23/SF
EGI
$24.9K $14.97/SF
− OpEx
−$7.5K −$4.49/SF
NOI
$17.4K $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%
$348,720
Cap Rate 7%
$249,086
Cap Rate 9%
$193,733
Alternative Uses
Best Use
Multifamily LT 5
$249.1K
$218.0K – $290.6K
NOI $17,436 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$216.5K
$189.5K – $252.6K
NOI $15,156 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$407.9K
$357.0K – $475.9K
NOI $28,556 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 32304, FL
50,007
Population
23,296
Households
2.1
Avg Household Size
25
Median Age
36%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
3,290
Density / Sq Mi
$30,823
Median Household Income
$14,475
Median Earnings
$1,132
Median Rent
$147,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include eat-in kitchens.
Where is this duplex located?
The property is located at 2914 Greenon Lane Unit 2 Tallahassee, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,664 square feet; Each unit has 2 bedrooms and 1 bathroom; Separate driveway for each residence
