$1,250,000

Estimated payment $8,048/month

Total Views 2,225
-- Bed
-- Bath
6,400 Sq Ft
$195 Price per Sq Ft

Highlights

  • Cooling Available
  • Central Heating
  • 1-Story Property
  • Leon High School Rated A
  • Vinyl Flooring

About This Home

Updated Multifamily Near FAMU – 542 Osceola St Fully renovated and ready for lease-up, 542 Osceola St is a plug-and-play multifamily opportunity just steps from FAMU and the FAMU Softball Field. All units have been completely updated, offering modern finishes and move-in-ready condition for new tenants. The property is currently 57% occupied and bringing in $6,695 in monthly revenue, with strong potential for increased income as remaining units are leased. Showings can be scheduled via ShowingTime, with access to the model unit (Unit 9) for easy viewing. Whether you're an investor looking to finish the lease-up or expand your portfolio near a major university, this is a rare chance to acquire a turnkey asset in a high-demand rental market.

Listing Agent

Thomas Holland

Pentwell License #3461211 Listed on: 08/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Parking

  • Unassigned Parking

Interior Spaces

  • 1-Story Property
  • Vinyl Flooring
  • Fire and Smoke Detector
  • Range

Schools

  • Bond Elementary School
  • NIMS Middle School
  • Leon High School

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • 16 Units
  • Normal School Subdivision

Listing and Financial Details

  • Rent includes gardener, trash collection
  • Legal Lot and Block 14 / D

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Year Built: 1960
  • Directions: South on Adams St and turn right on to W Osceola St.
  • Elementary School: BOND
  • High School: LEON
  • PropertySubType: Multi Family
  • PropertyType: Residential
  • Appliances: Range, Refrigerator
  • Subdivision Name: NORMAL SCHOOL SUBDIVISION
  • Architectural Style: One Story
  • ResoBuildingAreaSource: Assessor
  • Fireplace: No
  • Reso Parking Features: Unassigned
  • Building Stories: 1
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Owner Pays: Insurance, Janitorial Service, Management, Repairs

Exterior Features

  • Pool Private: No
  • Home Warranty: No
  • Construction Materials: Block, Concrete

Utilities

  • Heating: Electric
  • Cooling: Wall/Window Unit(s)
  • Security: Dead Bolt(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Trash Collection

Schools

  • Middle Or Junior School: NIMS

Multi Family

  • Number Of Units Total: 16

Tax Info

  • Tax Block: D
  • Tax Lot: 14

Map

Range of Values:

Collateral Analytics

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ICE

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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 Change Sq Ft Price
08/01/2025 08/01/25 For Sale $1,250,000 -- $195 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

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

MLS Number: 389374

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

APN: 41-01-56-00D-014.0