$1,850,000

Estimated payment $10,835/month

-- Bed
-- Bath
11,760 Sq Ft
$157 Price per Sq Ft

Highlights

  • Deck
  • Patio
  • Partially Fenced Property
  • Lincoln High School Rated A
  • Central Heating and Cooling System
  • Wood Siding

About This Home

Exceptional multi-family investment opportunity in southeast Tallahassee featuring two buildings totaling 16 units—each with four 2-story townhome units and four studio units. This well-maintained property offers strong rental demand with units that stay consistently occupied, providing reliable income and solid cash flow. Recent improvements include newer roofs, updated decks and staircases, and fresh exterior paint, enhancing long-term durability and curb appeal. With a balanced mix of townhomes and studios, this turnkey asset appeals to a wide range of tenants and positions investors for immediate returns and future growth in one of Tallahassee’s steadily performing rental markets. Buyer to verify all measurements. Units vary.

Listing Agent

Omar Hajjar

The Naumann Group Real Estate License #3615554 Listed on: 12/10/2025

The Naumann Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,578

Year Built

  • Built in 1979

Parking

  • Unassigned Parking

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Schools

  • Apalachee Elementary School
  • Fairview Middle School
  • Lincoln High School

Additional Features

  • Partially Fenced Property
  • Central Heating and Cooling System

Listing and Financial Details

  • Rent includes gardener, pest control, trash collection
  • Legal Lot and Block 11 / B
  • Assessor Parcel Number 12073-31-03-61- B-011-0

Community Details

Overview

  • 16 Units
  • Rockbrook East Subdivision

Building Details

  • Vacancy Allowance $12
  • Gross Income $158,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,578

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Year Built: 1979
  • Directions: Apalachee Pkwy, Left on Sutor Rd, Right on Rockbrook Dr.
  • Elementary School: APALACHEE
  • High School: LINCOLN
  • PropertySubType: Multi Family
  • PropertyType: Residential
  • Land Info Fencing: Partial
  • Appliances: Dishwasher, Range, Refrigerator
  • Subdivision Name: ROCKBROOK EAST
  • Owner Name: Of Record
  • Architectural Style: Two Story
  • ResoBuildingAreaSource: Assessor
  • Fireplace: No
  • Reso Parking Features: Unassigned
  • Reso Patio And Porch Features: Deck, Patio
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Clay, Ceramic Tile, Vinyl
  • Owner Pays: Association Fees, Common Area Maintenance, Insurance, Janitorial Service, Management, Pest Control, Repairs, Taxes, Trash Collection

Exterior Features

  • Pool Private: No
  • Home Warranty: No
  • Construction Materials: Frame, Wood Siding
  • Exterior Features: Deck, Fence

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Pest Control, Trash Collection

Schools

  • Middle Or Junior School: FAIRVIEW

Lot Info

  • Parcel Number: 12073-31-03-61- B-011-0

Rental Info

  • Lease Term: 12 Months

Multi Family

  • Gross Income: 158400.0
  • Number Of Units Total: 16
  • Vacancy Allowance Rate: 12.0

Tax Info

  • Tax Annual Amount: 13578.0
  • Tax Block: B
  • Tax Lot: 11

Map

Range of Values:

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Value Increase
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Percent Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2025 12/10/25 For Sale $1,850,000 -- $157 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

MLS Number: 394012

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)