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410 Hayden Rd Tallahassee, FL 32304

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Multifamily property near FSU with redevelopment potential and income.

Type:Multifamily
Added:
Mar 5, 2026
Days on Market:
29
Last Refresh:
Mar 16 at 2:44 pm

Property Features for 410 Hayden Rd

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Wilson Dean

Listing agent Wilson Dean License #BK3238134

Listing office DEAN Real Estate

Listing date Mar 5, 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 DEAN Real Estate


Overview

Multifamily Redevelopment Opportunity Near FSU

This multifamily property features three buildings with a total of 11 units. The unit mix includes a duplex at 410 Hayden Rd with two 2-bedroom, 1-bathroom units and an on-site coin-operated laundry facility. A single-family home at 412 Hayden Rd offers 3 bedrooms and 2 bathrooms. The eight-unit building at 414 Hayden Rd consists of 1-bedroom, 1-bathroom units. The property is fully rented, generating a monthly rental income of $9,275. Market rent upside exists up to $11,050 if rented during peak season. Renovations and updates totaling approximately $60,000 have been completed over the past year, and around $25,000 was spent in 2024 to completely update or replace the existing water and sewer lines. The single family home at 412 Hayden Rd received a new roof in 2020. Many units feature new appliances and HVAC systems installed within the last 5 years. Zoning has been updated to University Transition, increasing the allowable lot density to 41 units. Civil engineering work has been completed, and the site is considered fully entitled by the city, with permits ready for submittal. The project utilized incentives per the MMTD to increase density, requiring a mixed-use development. The proposed ground-floor liner building is proposed to have onsite property management and/or leasing office space to meet this requirement.
Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Tallahassee
County
Leon
State
Florida
Longitude
-84.3077266
Latitude
30.4350738

FAQs

What type of property is this?
Multifamily property - Multifamily property near FSU with redevelopment potential and income.
Where is this multifamily property located?
The property is located at 410 Hayden Rd Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Zoning updated to University Transition with allowable lot density increased to 41 units, offering significant redevelopment potential.; Site is considered fully entitled from the city, with permits ready for submittal, streamlining the redevelopment process.; Current occupancy is fully rented with a monthly rental income of $9,275, with market rent upside to $11,050.
More about this property
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