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Triplex Residential Income Property
For Sale
$450,000

602 Gunter Street, Tallahassee, FL 32308

MULTI_FAMILY - Other - Tallahassee, FL

Property SizeContact for details
Days on Market77

Property Features for 602 Gunter Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Appliances Dishwasher, Range, Refrigerator
Subdivision Melrose Park
Elementary school Kate Sullivan Elementary
Middle school COBB
High school LEON
Directions Mahan (90) to Hillcrest, L on Georgia to corner of Georgia and Gunter.
Standard status Active

Utilities

Heating system Central, Electric (Heating)
Cooling system Central Air, Electric

Building Details

Year built 1940
Floors in Building 2
Number of units 3
Flooring type Carpet, Wood
Building materials WoodSiding
Architectural style Other
Listing Agency: Serpico Realty, Inc.
Listed By: Joe Serpico · License #0120817
Added: Jun 15 Changed: Aug 2 Last Checked: Aug 30 at 8:06AM
MLS# 402214

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.

Investment Insights

Based on property information with market context.

This triplex residential income property at 602 Gunter Street is described as being in Old Towne and was built in 1940. The home features wood siding construction and interior flooring of carpet and wood. Heating is provided by central electric heat, and cooling is central air with electric service.

The unit layout includes multiple bedrooms and bathrooms across the property, with a total of seven bedrooms and three bathrooms listed for the home. Appliances included are a dishwasher, range, and refrigerator.

Please note that the property requires tenant coordination for showings, with directions to not disturb tenants.

Key Highlights

  • Triplex described in Old Towne at 602 Gunter Street
  • Built in 1940 with wood siding exterior
  • Central electric heating plus central air conditioning

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Carpet & Flooring Store HVAC Service (Bike/Boat/Book/etc) Store Tanning Salon Restaurant Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,758
Businesses Nearby

Demographics for 32308, FL

23,355
Population
11,838
Households
2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
1,478
Density / Sq Mi
$73,125
Median Household Income
$46,786
Median Earnings
$1,327
Median Rent
$291,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex in Old Towne built in 1940 with central electric heating and central air conditioning.
Where is this triplex located?
The property is located at 602 Gunter Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Triplex described in Old Towne at 602 Gunter Street; Built in 1940 with wood siding exterior; Central electric heating plus central air conditioning
More about this property
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