Duplex with Fenced
3422 Orlando Drive, Tallahassee, FL 32311
For Sale
$350,000
Residential, Tallahassee, FL
Property Size2,700 SF
Price / SF$129.63
Days on Market251
Property Features for 3422 Orlando Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Fencing
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Utilities
Heating system
Cooling system
Amenities
covered porch
fenced backyard
Building Details
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
Keller Williams Town & Country
(850) 201-4663
Listed By:
Kenley Stringer · License FL #3094163
(850) 228-1486
Added: Mar 5
Changed: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 396924
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 2,700-square-foot duplex contains two units: one with 2 bedrooms and 1 bathroom, and another with 3 bedrooms and 2 bathrooms. The two-bedroom side has an open living plan, spacious bedrooms, ample closet space, and a covered rear porch. The larger unit features an updated kitchen and bathrooms, LVP flooring in its living areas and one bedroom, plus a covered porch. Each side has a fenced backyard.
The property is on Orlando Drive in Tallahassee, near Apalachee Parkway and beyond Capital Circle. The building has frame construction with vinyl siding, central electric heating and cooling, and assigned parking.
The property is on Orlando Drive in Tallahassee, near Apalachee Parkway and beyond Capital Circle. The building has frame construction with vinyl siding, central electric heating and cooling, and assigned parking.
Key Highlights
- 2,700‑square‑foot duplex with two separate units
- Unit mix includes a 2‑bedroom, 1‑bathroom side and a 3‑bedroom, 2‑bathroom side
- Both units have covered porch areas and fenced backyards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,291
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,820
$565.8K
Cap Rate 7%
$404,157
$404.2K
Cap Rate 9%
$314,344
$314.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$43.7K $16.20/SF
− Vacancy
−$3.3K −$1.23/SF
EGI
$40.4K $14.97/SF
− OpEx
−$12.1K −$4.49/SF
NOI
$28.3K $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%
$565,820
Cap Rate 7%
$404,157
Cap Rate 9%
$314,344
Alternative Uses
Best Use
Multifamily LT 5
$404.2K
$353.6K – $471.5K
NOI $28,291 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$351.3K
$307.4K – $409.9K
NOI $24,592 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$661.9K
$579.2K – $772.3K
NOI $46,335 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
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Business Placement
Demographics for 32311, FL
21,218
Population
10,166
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
56.5 sq mi
ZIP Area
376
Density / Sq Mi
$80,250
Median Household Income
$46,466
Median Earnings
$1,497
Median Rent
$288,900
Median Home Value
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Market
Average Price Trend$/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 - Two distinct apartment layouts include covered outdoor areas and fenced yards for each side.
Where is this duplex located?
The property is located at 3422 Orlando Drive Tallahassee, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,700‑square‑foot duplex with two separate units; Unit mix includes a 2‑bedroom, 1‑bathroom side and a 3‑bedroom, 2‑bathroom side; Both units have covered porch areas and fenced backyards
