Two-Story Multifamily
735 E 7th Avenue A-D, Tallahassee, FL 32303
For Sale
New
$1,495,000
Central air and a kitchen appliance package serve the residential units.
Property Size8,160 SF
Days on Market2
Property Features for 735 E 7th Avenue A-D
General Information
Standard status
Size
Property subtype
Amenities
Central Air, Ceiling Fan(s), Electric
Central, Electric
Dishwasher, Disposal, Range, Refrigerator
TwoStory
Building Details
Building Size
Year Built
Listing Agency:
Darden Real Estate Company
Listed By:
Patrick Darden · License FL #3488427
(850) 906-0800
Source:
Evrealestate
Added: Nov 12
Last Checked: Nov 12 at 2:24PM
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 Darden Real Estate Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story multifamily property was built in 1979 and includes central air conditioning, ceiling fans, and electric service. Kitchen equipment includes a dishwasher, disposal, range, and refrigerator.
The property is located at 735 E 7th Avenue in Tallahassee, Florida.
The property is located at 735 E 7th Avenue in Tallahassee, Florida.
Key Highlights
- Two‑story multifamily property
- Built in 1979
- Central air conditioning and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,321
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,486,420
$1.5M
Cap Rate 7%
$1,061,729
$1.1M
Cap Rate 9%
$825,789
$825.8K
Market Conditions
NOI Build-Up for 8,160 SF
Gross rent
$146.9K $18.00/SF
− Vacancy
−$11.8K −$1.44/SF
EGI
$135.1K $16.56/SF
− OpEx
−$60.8K −$7.45/SF
NOI
$74.3K $9.11/SF
Area
Tallahassee, FL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,486,420
Cap Rate 7%
$1,061,729
Cap Rate 9%
$825,789
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$929.0K – $1.24M
NOI $74,321 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,033 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,004
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
$204,900
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Tallahassee, FL
Properties on Market for Multifamily properties in Tallahassee
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Central air and a kitchen appliance package serve the residential units.
Where is this multifamily property located?
The property is located at 735 E 7th Avenue A-D Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two‑story multifamily property; Built in 1979; Central air conditioning and ceiling fans
