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Wood-Sided Triplex with Central HVAC
For Sale
Under Contract
$450,000

602 Gunter Street, Tallahassee, FL 32308

Residential, Tallahassee, FL

Property SizeContact for details
Days on Market123

Property Features for 602 Gunter Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 7, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 1
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 Under Contract
APN 12073-11-31-70-005-011-0

Utilities

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

Building Details

Year built 1940
Floors in Building 2
Number of units 3
Flooring type Wood, Carpet
Building materials WoodSiding
Architectural style Other
Listing Agency: Serpico Realty, Inc.
Listed By: Joe Serpico · License #0120817
Added: Jun 15 Changed: Oct 8 Last Checked: Oct 15 at 12:06AM
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 three-unit residential property was built in 1940 and features wood siding, wood and carpet flooring, and central heating and cooling. The building includes three bathrooms and seven bedrooms, with each unit supported by a range, refrigerator, and dishwasher. Heating is electric, while the cooling system is also electric-powered.

Located at 602 Gunter Street in Tallahassee’s Old Towne area, the property offers a defined multifamily configuration within Leon County. The combination of unit count, bedroom and bathroom inventory, durable exterior siding, and existing household appliances provides a clear physical profile for residential income use.

Key Highlights

  • Triplex configuration with 3 bathrooms and 7 bedrooms
  • Built in 1940 with wood siding construction
  • Central heating and central air conditioning

Property Analytics

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Current Use

Triplexes

Suggested Use

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

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

3
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Triplex - Three-unit residential income property with wood and carpet flooring, central heating and cooling, and appliance packages.
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 configuration with 3 bathrooms and 7 bedrooms; Built in 1940 with wood siding construction; Central heating and central air conditioning
More about this property
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