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Apartment Building With Development Parcel
For Sale
$5,750,000

3554 &3586 Austin Davis Avenue, Tallahassee, FL 32308

Residential, Tallahassee, FL

Property SizeContact for details
Days on Market95

Property Features for 3554 &3586 Austin Davis Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 8
Full bathrooms 6
Half bathrooms 2
Rooms Bathroom 2, Bedroom 5, Bedroom 4, Bathroom 6, Bedroom 3, Bathroom 3, Bathroom 8, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 7, Bedroom 2, Bathroom 5
Parking features Assigned
Appliances Dryer, Dishwasher, Microwave, Range, Refrigerator, RefrigeratorWithIceMaker, Washer
Subdivision Unplatted Land
Elementary school Kate Sullivan Elementary
Middle school COBB
High school LEON
Directions E. Mahan Dr., L-Capital Cir, L Evening Rose Community, Right side
Standard status Active

Taxes and HOA fees

Tax Annual Amount 56530
HOA Fee $10,830 Annually

Utilities

Heating system Central, Electric (Heating)
Cooling system Electric, Central Air

Building Details

Year built 2020
Floors in Building 2
Number of units 24
Flooring type Laminate, Carpet
Building materials VinylSiding
Architectural style Other
Listing Agency: Kent Strauss Mgt & Real Estate
Listed By: Liz Harrison · License #3257240
Added: Jun 16 Changed: Sep 13 Last Checked: Sep 18 at 12:06PM
MLS# 401301

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.

Investment Insights

Based on property information with market context.

The offering includes 3554 Austin Davis Avenue, a mixed-use apartment building with residential units and commercial space at street level. The 2020 property has vinyl siding, carpet and laminate flooring, central electric heating, central air conditioning, and assigned parking. Listed appliances include refrigerators, a refrigerator with ice maker, range, microwave, dishwasher, washer, and dryer.

At 3586 Austin Davis Avenue, the property includes a fully entitled development parcel with approved plans and permits for a new residential complex. Together, the two parcels present an existing apartment asset alongside a permitted residential development component on Austin Davis Avenue in Tallahassee, Florida.

Key Highlights

  • Mixed‑use apartment building with residential units and ground‑floor commercial space
  • Separate development parcel at 3586 Austin Davis Avenue
  • Approved plans and permits for a new residential complex

Property Analytics

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Current Use

Commercial land

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,774
Businesses Nearby

Demographics for 32308, FL

23,355
Population
11,838
Households
2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
1,478
Density / Sq Mi
$73,125
Median Household Income
$46,786
Median Earnings
$1,327
Median Rent
$291,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two Austin Davis Avenue parcels combine an apartment building, ground-floor commercial space, and approved residential development plans.
Where is this apartment building located?
The property is located at 3554 &3586 Austin Davis Avenue Tallahassee, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Mixed‑use apartment building with residential units and ground‑floor commercial space; Separate development parcel at 3586 Austin Davis Avenue; Approved plans and permits for a new residential complex
More about this property
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