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Claire Cason

Engel & Völkers

claire.cason@engelvoelkers.com +1(850) 807-4473

$ 160,000

Est. payment -/mo

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755 W 4Th Avenue #- Tallahassee, FL 32304

4 Beds

2 Baths

1,235 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,235 sqft

Price per Sqft $129

Subdivision Harlem

MLS Listing ID 392581

Bedrooms 4

Full Baths 2

Construction Status Concrete Block

Year Built 1966

Lot Dimensions 130X60X130X60

Property Sub-Type Multi-Family

Property Description

DUPLEX WITH CASH FLOW & VALUE-ADD OPPORTUNITY! Spacious 2BR/1BA Duplex in Prime Tallahassee Rental Market 755 W 4th Ave & 759 W 4th Ave, Tallahassee, FL PROPERTY OVERVIEW: An exceptional investment opportunity to acquire a well-maintained duplex featuring two (2) spacious 2-Bedroom, 1-Bathroom units. The highly sought-after 2/1 layout appeals to a wider tenant pool—including students sharing a unit and small families—driving high rental demand. This property is perfectly positioned for both immediate cash flow and substantial long-term value appreciation. INVESTMENT HIGHLIGHTS: Superior Unit Mix: The two 2-Bedroom, 1-Bathroom units are a significant advantage in the local market, commanding higher rents and attracting a more stable tenant base than 1-bedroom units. Exceptional Core Structure: The exterior and foundation of this duplex are in very good structural condition (Concrete Block construction, built in 1966), offering an investor peace of mind and significantly reduced immediate capital expenditure on major systems. Massive Value-Add Potential: The interiors are currently in decent, rentable condition, but are poised for a significant income boost. Light cosmetic updates (flooring, paint, kitchen/bath refresh) will allow the new owner to substantially raise rental rates and dramatically increase the property's overall cash-on-cash return and equity position. Strong Location Drivers: Situated near major employment and student hubs, the property benefits from consistent rental demand driven by Florida State University (FSU), Florida A&M University (FAMU), and the proximity to Downtown Tallahassee and the State Capitol complex. PROPERTY DETAILS: Units: Two (2) separate units: 755 W 4th Ave & 759 W 4th Ave Unit Mix: 2 Bed / 1 Bath per unit (Total: 4 Beds / 2 Baths) Construction: Durable Concrete Block Condition: Excellent exterior structure, decent interior condition with proven rental history. Upside: Opportunity to perform a staggered unit renovation (as leases expire) to immediately capture higher market rents. Whether you are a seasoned investor looking to add a stable, high-yield asset to your portfolio or a new investor seeking a prime opportunity to jump into the robust Tallahassee rental market, this duplex is a must-see. Do not miss the chance to secure a solid structure with significant income potential in a continuously growing Florida city.

Location

State FL

County Leon

Area Ne-01

Interior

Heating Electric, Units Vary

Cooling Window/Wall

Flooring Slab, Vinyl Tile

Equipment Range, Refrigerator, Units Vary

Exterior

Parking Features Area - Unassigned

Private Pool No

Building

Lot Description Family Room/Dining Room, Kitchen - Eat In

Story Story - One

Level or Stories Story - One

Construction Status Concrete Block

Schools

Elementary Schools Riley

Middle Schools Griffin

High Schools Leon

Others

Ownership Brittany Oneil & John M O

SqFt Source Tax

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Listed by Pro Players Realty USA

Claire Cason

Advisor

+1(850) 807-4473

Claire Cason

755 W 4Th Avenue #- Tallahassee, FL 32304

Key Details

Location

Interior

Exterior

Building

Schools

Others

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755 W 4Th Avenue #-