Two-Bedroom
6309 & 6311 Placid Place, Tallahassee, FL 32303
For Sale
New
$239,000
Residential, Tallahassee, FL
Property Size1,664 SF
Price / SF$143.63
Days on Market6
Property Features for 6309 & 6311 Placid Place
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Fencing
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Listing Agency:
Coldwell Banker Hartung
(850) 386-6160
Listed By:
Chris Cicatello · License FL #3045637
(850) 519-2624
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 406776
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.
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Investment Insights
Based on property information with market context.
Built in 1990, this duplex contains two 832-square-foot residences, each with two bedrooms and two bathrooms. The living and dining space connects to a galley kitchen equipped with a refrigerator, range, microwave, and dishwasher. Vinyl flooring runs throughout, and the exterior is vinyl siding. The property also has a fenced yard and patio. Recent upkeep includes a newer roof, paint, and flooring.
One residence is occupied by a tenant, while the other is vacant. The property is in northwest Tallahassee, minutes from I-10.
One residence is occupied by a tenant, while the other is vacant. The property is in northwest Tallahassee, minutes from I-10.
Key Highlights
- Two residences, each with 2 bedrooms, 2 bathrooms, and 832 SF
- 1,664‑square‑foot duplex built in 1990
- One unit tenant‑occupied; the second is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,436
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,720
$348.7K
Cap Rate 7%
$249,086
$249.1K
Cap Rate 9%
$193,733
$193.7K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$27.0K $16.20/SF
− Vacancy
−$2.0K −$1.23/SF
EGI
$24.9K $14.97/SF
− OpEx
−$7.5K −$4.49/SF
NOI
$17.4K $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%
$348,720
Cap Rate 7%
$249,086
Cap Rate 9%
$193,733
Alternative Uses
Best Use
Multifamily LT 5
$249.1K
$218.0K – $290.6K
NOI $17,436 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$216.5K
$189.5K – $252.6K
NOI $15,156 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$407.9K
$357.0K – $475.9K
NOI $28,556 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
356
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
$204,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Tallahassee, FL
Properties on Market for Duplexes in Tallahassee
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private bathrooms, supplied kitchen appliances, and vinyl flooring.
Where is this duplex located?
The property is located at 6309 & 6311 Placid Place Tallahassee, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 2 bathrooms, and 832 SF; 1,664‑square‑foot duplex built in 1990; One unit tenant‑occupied; the second is vacant
