Renovated 15-Unit Apartment
For Sale
Contact for pricing
505 Shephard St, Tallahassee, FL 32303
Updated one-bedroom residences feature private baths, compact washer-dryer combinations, modern kitchens, and living areas.
Property SizeContact for details
Days on Market143
Property Features for 505 Shephard St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$112,560
Units
Unit Mix
15 x 1BR/1BA
Multifamily Units
15
Building Details
Year Renovated
2023
Listing Agency:
NAI TALCOR - Tallahassee
(850) 224-2300
Listed By:
E. Slaton Murray · License #FL 3372705
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 6:29AM
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 NAI TALCOR - Tallahassee
Investment Insights
Based on property information with market context.
Shephard House is a 15-unit apartment property at 505 Shephard St in Tallahassee. Each residence measures approximately 540 square feet and follows a one-bedroom, one-bathroom layout with a compact washer-dryer combination, modern kitchen, and living space. Renovation work completed in 2023 included a new roof, refurbished interiors, and updated HVAC systems, with each unit’s HVAC dating from 2018 or newer.
The property is in the Levy Park neighborhood of Midtown Tallahassee, within walking distance of restaurants, bars, shops, and parks. Occupancy is reported at 100%, providing an established operating profile for the apartment asset.
The property is in the Levy Park neighborhood of Midtown Tallahassee, within walking distance of restaurants, bars, shops, and parks. Occupancy is reported at 100%, providing an established operating profile for the apartment asset.
Key Highlights
- 15 units, each measuring +/- 540 square feet
- All units offer a 1 bedroom / 1 bathroom floorplan
- Compact washer/dryer combo systems in each unit
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,430
Businesses Nearby
Explore this area
Business Placement
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated one-bedroom residences feature private baths, compact washer-dryer combinations, modern kitchens, and living areas.
Where is this apartment building located?
The property is located at 505 Shephard St Tallahassee, FL.
What are key features of this property?
This property features: 15 units, each measuring +/- 540 square feet; All units offer a 1 bedroom / 1 bathroom floorplan; Compact washer/dryer combo systems in each unit
