Two-Unit Duplex with Fenced
For Sale
$350,000
3422 Orlando Drive Unit 3 & 4, Tallahassee, FL 32311
Separate two- and three-bedroom residences include covered outdoor areas and private fenced yards.
Property Size2,700 SF
Price / SF$129.63
Days on Market243
Property Features for 3422 Orlando Drive Unit 3 & 4
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
covered back porch
fenced backyard
Building Details
Building Size
2,700 SF
Buildings
1
Listing Agency:
Keller Williams Town & Country
Listed By:
Kenley Stringer · License #3094163
(850) 228-1486
Source:
Tngrealty
Added: Mar 5
Changed: Nov 1
Last Checked: Nov 1 at 3:38PM
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 Keller Williams Town & Country
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 2,700-square-foot duplex contains two residences: one with 2 bedrooms and 1 bathroom, and another with 3 bedrooms and 2 bathrooms. Both units have covered porches and fenced backyards. The larger residence features an updated kitchen and bathrooms, plus LVP flooring in the living areas and one bedroom. The other unit has an open floor plan, spacious bedrooms, and ample closet space.
Key Highlights
- 2,700‑square‑foot duplex with two separate residences
- One unit has 2 bedrooms and 1 bathroom; the other has 3 bedrooms and 2 bathrooms
- Both residences include a covered porch and fenced backyard
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate two- and three-bedroom residences include covered outdoor areas and private fenced yards.
Where is this duplex located?
The property is located at 3422 Orlando Drive Unit 3 & 4 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 residences; One unit has 2 bedrooms and 1 bathroom; the other has 3 bedrooms and 2 bathrooms; Both residences include a covered porch and fenced backyard
