Duplex with Recent Unit
For Sale
$375,000
5863 Nightingale Loop Unit A-B, Tallahassee, FL 32311
Each residence has its own kitchen, living area, laundry space, and three-bedroom, two-bath layout.
Property Size2,448 SF
Lot Size0.50 Acres
Price / SF$153.19
Days on Market47
Property Features for 5863 Nightingale Loop Unit A-B
General Information
Standard status
Active
Size
2,448 SF
Lot size
0.50 Acres
Property subtype
Multi Family
Site & Location
Neighborhood
Neighborhood
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,702
Building Details
Building Size
2,448 SF
Year Built
2006
Buildings
1
Listing Agency:
Superior Realty Group LLC
Listed By:
Clint Bailey · License #3536984
(850) 879-2529
Source:
Tngrealty
Added: Sep 17
Changed: Nov 1
Last Checked: Nov 1 at 3:08PM
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 Superior Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 2006, this duplex contains two separate residences, each with three bedrooms, two bathrooms, a kitchen, living area, and laundry space. The property spans approximately half an acre. Unit A is occupied under a month-to-month tenancy and has a brand-new HVAC system and a newer water heater. Unit B is vacant and has recently installed flooring, new appliances, a new water heater, and a newer HVAC system. The seller is in the process of installing a new roof.
The property is in Southeast Tallahassee off Williams Road, with access to the Apalachee Parkway and Capital Circle corridors. The two units provide a combined six bedrooms and four bathrooms.
The property is in Southeast Tallahassee off Williams Road, with access to the Apalachee Parkway and Capital Circle corridors. The two units provide a combined six bedrooms and four bathrooms.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Approximately half an acre in Southeast Tallahassee
- Unit A has a month‑to‑month tenant, brand‑new HVAC system, and newer water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,651
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,020
$513.0K
Cap Rate 7%
$366,443
$366.4K
Cap Rate 9%
$285,011
$285.0K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$39.7K $16.20/SF
− Vacancy
−$3.0K −$1.23/SF
EGI
$36.6K $14.97/SF
− OpEx
−$11.0K −$4.49/SF
NOI
$25.7K $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%
$513,020
Cap Rate 7%
$366,443
Cap Rate 9%
$285,011
Alternative Uses
Best Use
Multifamily LT 5
$366.4K
$320.6K – $427.5K
NOI $25,651 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$318.5K
$278.7K – $371.6K
NOI $22,296 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$600.1K
$525.1K – $700.2K
NOI $42,010 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 32311, FL
21,218
Population
10,166
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
56.5 sq mi
ZIP Area
376
Density / Sq Mi
$80,250
Median Household Income
$46,466
Median Earnings
$1,497
Median Rent
$288,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own kitchen, living area, laundry space, and three-bedroom, two-bath layout.
Where is this duplex located?
The property is located at 5863 Nightingale Loop Unit A-B Tallahassee, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Approximately half an acre in Southeast Tallahassee; Unit A has a month‑to‑month tenant, brand‑new HVAC system, and newer water heater
