Two-Unit
New
For Sale
$250,000
804 W Brevard St, Tallahassee, FL 32304
Each side offers one bedroom and one bathroom, with different heating and cooling setups.
Property Size912 SF
Lot Size1.15 Acres
Price / SF$274.12
Days on Market3
Property Features for 804 W Brevard St
General Information
Standard status
Active
Size
912 SF
Lot size
1.15 Acres
Property subtype
Multi-Family
Zoning
CU-18
Additional Details
Asking Price
$1,600,500
Building Details
Year Built
1980
Listing Agency:
Hinson Realty
Listed By:
Terence Hinson · License #3330598
(850) 528-7653
Source:
Hopegainesrealestate
Added: Oct 7
Last Checked: Oct 7 at 2:05PM
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 Hinson Realty
Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bathroom units. One side has central heating and air conditioning; the other is equipped with a window unit. Parking is available behind the building. The property was built in 1980.
Key Highlights
- Two units, each with one bedroom and one bathroom
- Central heating and air conditioning in one unit; window unit in the other
- Rear parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,556
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,120
$191.1K
Cap Rate 7%
$136,514
$136.5K
Cap Rate 9%
$106,178
$106.2K
Market Conditions
NOI Build-Up for 912 SF
Gross rent
$14.8K $16.20/SF
− Vacancy
−$1.1K −$1.23/SF
EGI
$13.7K $14.97/SF
− OpEx
−$4.1K −$4.49/SF
NOI
$9.6K $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%
$191,120
Cap Rate 7%
$136,514
Cap Rate 9%
$106,178
Alternative Uses
Best Use
Multifamily LT 5
$136.5K
$119.5K – $159.3K
NOI $9,556 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$118.7K
$103.8K – $138.4K
NOI $8,306 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$223.6K
$195.6K – $260.9K
NOI $15,651 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,596
Businesses Nearby
Explore this area
Business Placement
Demographics for 32304, FL
50,007
Population
23,296
Households
2.1
Avg Household Size
25
Median Age
36%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
3,290
Density / Sq Mi
$30,823
Median Household Income
$14,475
Median Earnings
$1,132
Median Rent
$147,000
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each side offers one bedroom and one bathroom, with different heating and cooling setups.
Where is this duplex located?
The property is located at 804 W Brevard St Tallahassee, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two units, each with one bedroom and one bathroom; Central heating and air conditioning in one unit; window unit in the other; Rear parking available
