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    Tallahassee, FL Residential Income Properties for Sale

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    Updated 24-Unit Apartment Complex
    Updated: Jun 13
    Updated 24-Unit Apartment Complex

    2630-2670 W Pensacola St, Tallahassee, FL 32304

    $2,100,000
    15,576 sqft
    24‑unit apartment complex on W Pensacola St, built in 1970
    Unit mix includes 16 one‑bedroom, one‑bath units and 8 two‑bedroom, one‑bath units
    22 of the 24 units have been updated
    Several units are below market rent (value‑add potential based on current rents)
    West side location convenient to FSU, TSC, and FAMU
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    This listing looks promising.

    Here's a quick look at some key insights for

    2630-2670 W Pensacola St, Tallahassee, FL 32304

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    • Est. Cap Rate

      6.8%
      Above avg (5.9%)

    • Est. NOI

      $142K
      Annual

    • Price @ 7% Cap

      $2.03M
      Suggested
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    Student Housing Investment Opportunity
    Updated: Mar 13
    Student Housing Investment Opportunity

    1533 S Bronough Street, Tallahassee, FL 32301

    $1,900,000
    750 sqft 0.30 AC lot
    Prime location near Florida A&M University (FAMU), Downtown Tallahassee, and Governor's Square Mall, highly desirable for student renters.
    Turnkey investment opportunity with 12 of 13 units currently leased, providing immediate income.
    13‑unit apartment complex consisting of two renovated buildings being sold together.
    Unit mix includes twelve 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit.
    Onsite laundry facilities.
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    Student Housing Apartment Complex
    Student Housing Apartment Complex

    1533 S Bronough Street, Tallahassee, FL 32301

    $1,900,000
    750 sqft 0.15 AC lot

    13-unit apartment complex near Florida A&M University.

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    Turnkey Student Quad Near FSU
    Turnkey Student Quad Near FSU

    908 Buena Vista Drive, Tallahassee, FL 32304

    $295,000
    1,560 sqft

    Four efficiency units near FSU, generating immediate rental income.

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    Tallahassee Boutique Multifamily Asset
    Tallahassee Boutique Multifamily Asset

    643 Kissimmee Street, Unit 18, Tallahassee, FL 32310

    $1,998,000
    5,800 sqft

    Fully renovated 8-unit multifamily property near universities.

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    Fully Renovated 8-Unit Multifamily
    Fully Renovated 8-Unit Multifamily

    643 Kissimmee Street, Tallahassee, FL 32310

    $1,890,000
    0.37 AC lot

    Eight renovated 2-bed, 1-bath furnished units each feature in-unit washer/dryer and individually metered utilities.

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    Fully Renovated Triplex
    Fully Renovated Triplex

    302 Vantage Point Lane, Tallahassee, FL 32301

    $575,000

    Turnkey triplex with fully renovated units, private decks, and an attached utility room with washer/dryer.

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    Four-Unit Turnkey Detached Rental Homes
    Four-Unit Turnkey Detached Rental Homes

    8034-8040 N Baby Farm Dr, Tallahassee, FL 32310

    $724,900

    Four newly renovated, detached houses on a shared parcel with dedicated parking and low-maintenance, long-term rental appeal.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    2501 South Meridian Street, Tallahassee, FL 32301

    $2,350,000
    14,400 sqft

    For sale multifamily apartment building with assumable 3.73% financing and 14,400 square feet.

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    Two-Mobile-Home Residential Income
    Two-Mobile-Home Residential Income

    6010 La France Road, Tallahassee, FL 32305

    $190,000

    Property with two livable mobile homes, a storage building, and a three-bay carport set among mature oak trees.

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    Quadplex with Golf Course Views
    Quadplex with Golf Course Views

    1519 WILLOW BEND Way, Tallahassee, FL 32301

    $549,990

    Quadplex featuring 2-bedroom, 1-bath units with vinyl siding and a roof installed in 2007.

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    Renovated Triplex and Detached Home
    Renovated Triplex and Detached Home

    118 W 8th Avenue, Tallahassee, FL 32303

    $1,150,000

    Renovated property with two triplexes and a detached single-family home, including in-unit laundry and separate outdoor decks.

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    Historic Home with Income Potential
    Historic Home with Income Potential

    1408 Pullen Road, Tallahassee, FL 32303

    $650,000
    1.00 AC lot

    Restored home with apartments, large lot, and modern amenities.

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    Brick Quadruplex with Patios
    Brick Quadruplex with Patios

    997 Sutor Rd, Tallahassee, FL 32311

    $525,000
    3,108 sqft 0.21 AC lot

    Brick quadruplex with four identical 2-bedroom units, private covered patios/decks, and on-site washer/dryer areas in each unit.

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    Duplex Near Florida State University
    Duplex Near Florida State University

    803 W Georgia Street, Tallahassee, FL 32304

    $695,000

    Well-maintained duplex near FSU with leases in place.

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    Fully Leased Triplex Investment
    Fully Leased Triplex Investment

    1208 Springsax Road, Tallahassee, FL 32305

    $355,000

    Triplex with all three units leased, with newer roof and HVAC systems supporting manageable ownership.

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    Mobile Home Park with 15 Sites
    Mobile Home Park with 15 Sites

    1802 Shadow Run Loop, Tallahassee, FL 32305

    $850,000
    5.00 AC lot

    Well-maintained park with 15 mobile home sites; 12 currently occupied generating monthly rental income.

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    Duplex with Powered Outbuildings
    Duplex with Powered Outbuildings

    2607 Hartsfield Road, Tallahassee, FL 32303

    $299,900

    Two separate 2-bedroom, 1-bath units on one parcel, plus two outbuildings with power.

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    Three-Unit Tenant-Occupied Triplex
    Three-Unit Tenant-Occupied Triplex

    1208 Springsax Road, Tallahassee, FL 32305

    $355,000
    2,160 sqft

    Three tenant-occupied units are offered with long-term occupancy in a triplex format.

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    Duplex with Studio Unit and Yard
    Duplex with Studio Unit and Yard

    1366 - 1368 Hollow Pine Lane, Tallahassee, FL 32310

    $200,000

    Duplex with updated interiors, a studio side unit, washer/dryer hookups, and a large private yard.

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    Midtown Mixed-Use Residential Building
    Midtown Mixed-Use Residential Building

    259 East 7th Avenue, Tallahassee, FL 32303

    $950,000
    7,061 sqft 0.46 AC lot

    Two-building property on a 0.46-acre lot with 24 parking spaces and recent roof and window upgrades.

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    Triplex Residential Income Property
    Triplex Residential Income Property

    602 Gunter Street, Tallahassee, FL 32308

    $450,000

    Triplex for sale with existing tenants, offering an easy residential income structure in Tallahassee.

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    Tallahassee Multifamily Investment Opportunity
    Tallahassee Multifamily Investment Opportunity

    2731 S Blair Stone Rd, Tallahassee, FL 32301

    $29,900,000
    200,600 sqft

    200-unit renovated apartment community in Tallahassee, Florida.

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    Duplex with Large Yard
    Duplex with Large Yard

    1354 - 1356 Hollow Pine Lane, Tallahassee, FL 32310

    $200,000

    Duplex offering two 2BR/1BA units, open kitchen layouts, and washer/dryer hookups with extensive yard space.

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    Tallahassee, FL Residential Income Properties Market Trends and Statistics

    Explore 91 residential income properties for sale in Tallahassee, FL, showcased through 91 active listings on our real estate platform. These investment opportunities span a total of 301,670 square feet of properties for sale, with an estimated market value of $96,726,640.

    Sale prices for residential income properties in Tallahassee, FL start at $125,000, averaging $1,124,728, and reaching up to $29,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 86
    Duplexes 36
    Apartment buildings 20
    Quadplexes 17
    Triplexes 8

    Demographics Overview

    Population 295K
    Population Growth (5Y) +0.9%
    Median Household Income $70,585
    College Educated 33.2%

    High-Yield Neighborhoods for Investment

    Identify Tallahassee submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32305 $279K
    32312 $328.5K
    32303 $758K
    32310 $1.1M
    32304 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.79%
    Property Tax per SF $27.32 per SF
    Tax Rate vs County Average 0.07 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Leon County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Tallahassee fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Tallahassee, FL

    • 32304
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    • 32303
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