NOT LISTED FOR SALE

503 & 505 Terrace St Unit N/A Tallahassee, FL 32308

Old Town Neighborhood
-- Bed
-- Bath
1,792 Sq Ft
1954 Built

Sale Details

Date Sold: May 21, 2025

Last sale price $320,000 $179 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • Screened Porch
  • Central Heating and Cooling System
  • Leon High School Rated A
  • Screened Patio
  • Garage

About This Home

As of May 2025

Located on a spacious double corner lot in the heart of Old Town, this traditional duplex offers endless potential, ideally located just minutes from downtown, FSU, and TMH and only steps from Midtown. Each unit features 2 bedrooms, 1 bathroom, and approximately 896 sq ft of living space. One side has been fully renovated with new flooring, cabinets, appliances, fixtures, and a beautifully updated kitchen & bathrooms. Enjoy the fresh screened porch and a rare detached two-car garage. Currently owner-occupied on one side with a tenant on the other, making this an ideal investment property or house-hack opportunity. Whether you're looking for short-term rental income, long-term tenants, or dual occupancy, this versatile property delivers. Prime location in one of Tallahassee’s most desirable neighborhoods — don't miss out on this unique offering!

Last Buyer's Agent

Donald Acosta

Weichert Realtors Anchor License #3129016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,179

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 133 x 100 x 133 x 100
  • Partially Fenced Property

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Partially Furnished
  • Screened Porch
  • Washer

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Parking

  • Garage
  • Varies By Unit
  • Common or Shared Parking

Schools

  • Kate Sullivan Elementary School
  • Cobb Middle School
  • Leon High School

Additional Features

  • Screened Patio
  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Talaflo Terrace Subdivision

Listing and Financial Details

  • The owner pays for all utilities, repairs, trash collection
  • Rent includes all utilities
  • Legal Lot and Block 13 / 2
  • Assessor Parcel Number 12073-11-31-86-002-013-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,179

Year Built

Built in 1954

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 1954
  • Directions: From Monroe, E on Tennessee, L on Terrace, Home on R, NE corner of roundabout
  • Elementary School: Kate Sullivan Elementary
  • High School: LEON
  • PropertySubType: Multi Family
  • PropertyType: Residential
  • Land Info Fencing: Partial
  • Furnished: Partially
  • Lot Size: 133 x 100 x 133 x 100
  • Appliances: Dryer, Microwave, Range, Refrigerator, Refrigerator with Ice Maker, Washer
  • Subdivision Name: TALAFLO TERRACE
  • Owner Name: Howe
  • Architectural Style: One Story
  • ResoBuildingAreaSource: Assessor
  • Fireplace: No
  • Reso Parking Features: Common, Garage, On Street, Varies by Unit
  • Reso Patio And Porch Features: Patio, Porch, Screened
  • Reso Room Type: Garage, Screened Porch
  • Building Stories: 1
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • PropertySubTypeAdditional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Clay, Ceramic Tile, Vinyl, Wood
  • Owner Pays: All Utilities, Repairs, Trash Collection

Exterior Features

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

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: All Utilities

Schools

  • Middle Or Junior School: COBB

Lot Info

  • Parcel Number: 12073-11-31-86-002-013-0

Rental Info

  • Lease Term: 12 Months

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4179.0
  • Tax Block: 2
  • Tax Lot: 13
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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
05/21/2025 05/21/25 Sold $320,000 -1.5% $179 / Sq Ft
04/26/2025 04/26/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $325,000 -- $181 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Agents Affiliated with this Home

  • D

    Buyer's Agent in 2025

    Donald Acosta

    Weichert Realtors Anchor

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Map

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

MLS Number: 384445

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)
Florida Leon County Tallahassee 32308 Old Town

503 & 505 Terrace St Unit N/A, Tallahassee, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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