Townhome Duplex with Ensuite
For Sale
$468,000
542 & 544 Collinsford Rd, Tallahassee, FL 32301
Two attached residences combine bedroom privacy, guest facilities, and flexible layouts across a paired townhome configuration.
Property Size2,746 SF
Price / SF$170.43
Days on Market22
Property Features for 542 & 544 Collinsford Rd
General Information
Standard status
Active
Size
2,746 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Building Details
Year Built
2008
Listing Agency:
Akins Realty
(850) 405-2671
Listed By:
Jennifer Akins · License #3170363
Source:
Hopegainesrealestate
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 30 at 7:21PM
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 Akins Realty
Investment Insights
Based on property information with market context.
This duplex package includes Units 542 and 544 at 542 & 544 Collinsford Rd in Tallahassee, Florida. The two townhomes are being conveyed together and provide a combined 2,746 square feet of property size. Each residence contains four bedrooms, with every bedroom offering a private bathroom and walk-in closet. One bedroom is located downstairs, and each unit also includes a half bath for visitors.
Built in 2008, the paired residences offer a defined layout suited to multifamily ownership. The transaction includes tax IDs 1133170020110 and 1133170020120, corresponding to Units 542 and 544.
Built in 2008, the paired residences offer a defined layout suited to multifamily ownership. The transaction includes tax IDs 1133170020110 and 1133170020120, corresponding to Units 542 and 544.
Key Highlights
- Two townhome units sold together as one package
- Each residence includes 4 bedrooms with private bathrooms and walk‑in closets
- Downstairs bedroom included in each townhome
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,773
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,460
$575.5K
Cap Rate 7%
$411,043
$411.0K
Cap Rate 9%
$319,700
$319.7K
Market Conditions
NOI Build-Up for 2,746 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.5K $16.20/SF
− Vacancy
−$3.4K −$1.23/SF
EGI
$41.1K $14.97/SF
− OpEx
−$12.3K −$4.49/SF
NOI
$28.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,460
Cap Rate 7%
$411,043
Cap Rate 9%
$319,700
Alternative Uses
Best Use
Multifamily LT 5
$411.0K
$359.7K – $479.6K
NOI $28,773 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$357.3K
$312.6K – $416.9K
NOI $25,011 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$673.2K
$589.1K – $785.4K
NOI $47,124 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 32301, FL
29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences combine bedroom privacy, guest facilities, and flexible layouts across a paired townhome configuration.
Where is this duplex located?
The property is located at 542 & 544 Collinsford Rd Tallahassee, FL.
What is the asking price?
The asking price for this property is $468,000.
What are key features of this property?
This property features: Two townhome units sold together as one package; Each residence includes 4 bedrooms with private bathrooms and walk‑in closets; Downstairs bedroom included in each townhome
