Four-Unit Efficiency
908 Buena Vista Drive, Tallahassee, FL 32304
For Sale
$295,000
Residential, Tallahassee, FL
Property Size1,560 SF
Price / SF$189.10
Days on Market190
Property Features for 908 Buena Vista Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Amenities
common kitchen
common dining
common laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
The Naumann Group Real Estate
(850) 325-1681
Listed By:
Cole Davis · License FL #3357739
(850) 545-2111
Added: May 5
Changed: Oct 27
Last Checked: Nov 10 at 2:06AM
MLS# 399526
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 2004, this 1,560-square-foot quadplex contains four efficiency units, each configured with one bedroom and one bathroom. The units offer separate exterior entrances along with interior access to a shared common area featuring a kitchen, dining space, and laundry. Block and concrete construction, tile flooring, central heating, and central air conditioning support the property’s functional layout. Assigned parking is provided, and a refrigerator is included in each unit.
All four units are currently rented. The property is located in Tallahassee near Florida State University and Tallahassee Community College, with access from Buena Vista Drive. The configuration provides four individual living spaces within one compact multifamily asset, supported by shared interior amenities and private exterior access for each unit.
All four units are currently rented. The property is located in Tallahassee near Florida State University and Tallahassee Community College, with access from Buena Vista Drive. The configuration provides four individual living spaces within one compact multifamily asset, supported by shared interior amenities and private exterior access for each unit.
Key Highlights
- Four‑unit quadplex with 1,560 square feet
- Each unit includes 1 bedroom and 1 bathroom
- Shared kitchen, dining area, and laundry space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,346
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,920
$326.9K
Cap Rate 7%
$233,514
$233.5K
Cap Rate 9%
$181,622
$181.6K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$25.3K $16.20/SF
− Vacancy
−$1.9K −$1.23/SF
EGI
$23.4K $14.97/SF
− OpEx
−$7.0K −$4.49/SF
NOI
$16.3K $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%
$326,920
Cap Rate 7%
$233,514
Cap Rate 9%
$181,622
Alternative Uses
Best Use
Multifamily LT 5
$233.5K
$204.3K – $272.4K
NOI $16,346 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$203.0K
$177.6K – $236.8K
NOI $14,208 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$382.4K
$334.6K – $446.2K
NOI $26,771 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
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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
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Market
Properties on Market for Quadplexes in Tallahassee
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom efficiencies share a common kitchen, dining, and laundry area.
Where is this quadplex located?
The property is located at 908 Buena Vista Drive Tallahassee, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Four‑unit quadplex with 1,560 square feet; Each unit includes 1 bedroom and 1 bathroom; Shared kitchen, dining area, and laundry space
