$525,000

Estimated payment $3,209/month

Total Views 921
-- Bed
-- Bath
3,108 Sq Ft
$169 Price per Sq Ft

Highlights

  • Popular Property
  • Deck
  • Outdoor Storage
  • Lincoln High School Rated A-
  • Patio
  • Central Heating and Cooling System

About This Home

Located in Tallahassee, Florida, this brick quad offers all the benefits of a thriving state capital market with strong rental demand and a prime southeast location. 1981 brick construction situated on 0.21 acres, just steps from A-rated Lincoln High School. Three of four units are currently occupied and generating income, with one unit recently vacated and ready for immediate move-in. Owner is keeping it vacant during the marketing period. All four units are identical layouts, each 2 bedroom/1 bathroom at 777 SF. In-place rents range from $950–$1,000/month with all units on month-to-month leases, offering a new owner flexibility to renew, raise rents, or reposition. Market rents in the area are $1,100+/month. Unit features include private covered patio/deck areas with outside washer/dryer utility rooms, spacious living room/kitchen areas, ample cabinet space. Tenants pay all utilities, City water and sewer. The roof was replaced in 2011, and the building's brick construction provides long-term durability. Total building is 3,108 SF across a single 2-story structure. Centrally located with easy access to Governor's Square, downtown Tallahassee, Florida State University, and FAMU, this asset sits in a high-demand rental corridor with a built-in tenant base.

Listing Agent

Joseph Klenck

The Multifamily Advisors License #3555950 Listed on: 04/02/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,572

Year Built

  • Built in 1981

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Utility Room
  • Washer
  • Fire and Smoke Detector
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage

Schools

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

Additional Features

  • Partially Fenced Property
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Rockbrook East Subdivision

Listing and Financial Details

  • Rent includes gardener, pest control
  • Legal Lot and Block 2 / A
  • Assessor Parcel Number 12073-31-03-61- A-002-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,572

Year Built

Built in 1981

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 1981
  • Directions: From the major intersection of Apalachee Parkway and Sutor Road in southeast Tallahassee, head north
  • Elementary School: APALACHEE
  • High School: LINCOLN
  • PropertySubType: Multi Family
  • PropertyType: Residential
  • Land Info Fencing: Partial
  • Appliances: Dryer, Dishwasher, Refrigerator, Washer
  • Subdivision Name: ROCKBROOK EAST
  • Owner Name: 5 South Flagler Avenue Ll
  • Architectural Style: Two Story
  • ResoBuildingAreaSource: Assessor
  • Fireplace: No
  • Reso Interior Features: Pantry
  • Reso Parking Features: Assigned, Parking Space(s)
  • Reso Patio And Porch Features: Deck, Patio
  • Reso Room Type: Pantry, Utility Room
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Clay, Ceramic Tile, Partially Carpeted, Varies, Vinyl
  • Owner Pays: Insurance, Repairs, Taxes

Exterior Features

  • Pool Private: No
  • Home Warranty: No
  • Construction Materials: Brick
  • Exterior Features: Deck, Fence, Storage

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Pest Control

Schools

  • Middle Or Junior School: FAIRVIEW

Lot Info

  • Parcel Number: 12073-31-03-61- A-002-0

Rental Info

  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4572.0
  • Tax Block: A
  • Tax Lot: 2

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,572 $261,206 $60,000 $201,206
2024 $4,193 $243,032 $60,000 $183,032
2023 $3,817 $189,299 $0 $0
2022 $3,292 $183,036 $50,000 $133,036
2021 $3,003 $156,445 $40,000 $116,445
2020 $2,988 $158,021 $40,000 $118,021
2019 $2,943 $153,964 $40,000 $113,964
2018 $2,875 $149,008 $40,000 $109,008
2017 $2,905 $148,793 $0 $0
2016 $2,697 $136,210 $0 $0
2015 $2,636 $133,495 $0 $0
2014 $2,636 $132,215 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2026 04/02/26 For Sale $525,000 -- $169 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $220,000 North Florida Title Company
Warranty Deed $224,000 Attorney
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $228,816 Commercial
Source: Public Records

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

MLS Number: 398088

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

APN: 31-03-61-00A-002.0

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