Brick
4218 Julia Street, Tallahassee, FL 32305
For Sale
New
$265,000
Residential, Tallahassee, FL
Property Size1,836 SF
Lot Size0.55 Acres
Price / SF$144.34
Days on Market6
Property Features for 4218 Julia Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
tile floors
French doors
in-unit W/D hookups
central A/C
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
Superior Realty Group LLC
(850) 322-1649
Listed By:
Clint Bailey · License FL #3536984
(850) 879-2529
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 406821
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.
Built in 1974, this brick duplex contains two 2-bedroom, 1-bathroom units of approximately 918 square feet each. Tile flooring, central air conditioning, and in-unit washer and dryer hookups serve the residences. French doors open to the backyard, and each unit has a separate electric meter.
The property occupies a fenced, wooded 0.55-acre lot. Water comes from a private well, and the site is served by a septic system. One unit is vacant; the other has a Section 8 lease running through April 1, 2027.
The property occupies a fenced, wooded 0.55-acre lot. Water comes from a private well, and the site is served by a septic system. One unit is vacant; the other has a Section 8 lease running through April 1, 2027.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units, each approximately 918 square feet
- 0.55‑acre fenced, wooded parcel
- One unit vacant; the other has a Section 8 lease through April 1, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,238
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,760
$384.8K
Cap Rate 7%
$274,829
$274.8K
Cap Rate 9%
$213,756
$213.8K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$29.7K $16.20/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$27.5K $14.97/SF
− OpEx
−$8.2K −$4.49/SF
NOI
$19.2K $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%
$384,760
Cap Rate 7%
$274,829
Cap Rate 9%
$213,756
Alternative Uses
Best Use
Multifamily LT 5
$274.8K
$240.5K – $320.6K
NOI $19,238 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$238.9K
$209.0K – $278.7K
NOI $16,722 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$450.1K
$393.9K – $525.1K
NOI $31,508 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 32305, FL
19,199
Population
8,517
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
83%
High-School Grad
96.0 sq mi
ZIP Area
200
Density / Sq Mi
$47,694
Median Household Income
$32,166
Median Earnings
$923
Median Rent
$154,500
Median Home Value
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Market
Average Price Trend$/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 - One unit is vacant, while the other is leased through April 1, 2027.
Where is this duplex located?
The property is located at 4218 Julia Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units, each approximately 918 square feet; 0.55‑acre fenced, wooded parcel; One unit vacant; the other has a Section 8 lease through April 1, 2027
