118 W 8th Avenue #1-7, Tallahassee, FL 32303
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by: velinda hittinger
Office: armor realty, inc
MLS#:399338
Source:FL_TBR
Price summary
- Price:$1,225,000
- Price per sq. ft.:$246.68
About this home
Sold as a package- under one parcel. This extraordinary, completely renovated, and turn-key investment opportunity in the Levy Park area of Midtown in Tallahassee features two income-producing triplexes and a detached single-family home situated less than three miles from Florida State University and the Florida State Capitol. Perfectly positioned for investors seeking strong cash flow and immediate rental potential, this property represents a rare chance to secure a high-performing asset in one of Tallahassee’s most desirable neighborhoods. The gross rent roll of the detached home sits at approximately $30,000/year and the long-term triplex leases sit at approximately $7,000 monthly. The detached single-family home, which makes for an ideal short-term or Airbnb rental, features two bedrooms, two full bathrooms, and a thoughtfully designed interior boasting original wood floors, great lighting throughout, and a faux fireplace situated between the living room and bedroom. The eat-in kitchen includes bar stool seating and a coffee nook, while one bathroom offers a wood-grain double vanity, intricate mosaic floor tiling, and a glass-enclosed walk-in shower with a gold rain shower head. Outside, the home features a carefully planned back deck area perfect for grilling and enjoying the outdoors. The triplexes are equally impressive, featuring dramatic vaulted ceilings with both natural wood and white-painted exposed beams, an open main floor concept, durable light-toned wood-plank flooring throughout, in-unit laundry, individual back decks, and unassigned parking spaces. Property maintenance has been expertly handled, including newer AC units and professional tree mitigation to keep branches away from the roofs. This asset is well-positioned to deliver solid returns. Immediate cash flow with 100% occupancy across all triplex units and a consistently booked, high-demand Airbnb in the detached home. All furniture and other items in the detached single-family home are negotiable with the sale....
Contact an agent
Home facts
- Year built:1979
- Listing ID #:399338
- Added:54 day(s) ago
- Updated:June 24, 2026 at 04:26 PM
Rooms and interior
- Flooring:Vinyl, Wood
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Living area:4,966 sq. ft.
Heating and cooling
- Cooling:Attic Fan, Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:1979
- Building area:4,966 sq. ft.
- Construction Materials:Wood Siding
- Exterior Features:Deck, Patio
- Levels:1 Story
Schools
- High school:LEON
- Middle school:RAA
- Elementary school:RUEDIGER
Finances and disclosures
- Price:$1,225,000
- Price per sq. ft.:$246.68
- Tax amount:$9,709
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:Security System, Tray Ceilings, Vaulted Ceilings, Window Treatments
Parking
- Parking description:On Street, Unassigned
New listings near 118 W 8th Avenue #1-7
- New
$447,500Active3 beds 3 baths2,690 sq. ft.2503 Chamberlin Drive, Tallahassee, FL 32308
MLS# 401618Listed by: PENNY HERMAN REALTY - New
$875,000Active5 beds 4 baths3,389 sq. ft.6394 Belgrand Drive, Tallahassee, FL 32312
MLS# 401619Listed by: KELLER WILLIAMS TOWN & COUNTRY - New
$339,900Active3 beds 2 baths1,621 sq. ft.8381 Hunters Ridge Trail, Tallahassee, FL 32312
MLS# 401622Listed by: COLDWELL BANKER HARTUNG - Open Thu, 4 to 6pmNew
$675,000Active4 beds 3 baths2,317 sq. ft.2842 Kilkierane Drive, Tallahassee, FL 32309
MLS# 401623Listed by: THE NAUMANN GROUP REAL ESTATE - New
$199,900Active3 beds 2 baths1,025 sq. ft.428 Dupont Drive, Tallahassee, FL 32305
MLS# 401628Listed by: SUPERIOR REALTY GROUP LLC - New
$5,000Active3 beds 2 baths1,224 sq. ft.2457 Emerald Ridge Loop, Tallahassee, FL 32303
MLS# 1080841Listed by: JAIME L BOONE LLC - New
$365,000Active3 beds 2 baths1,501 sq. ft.934 Chestwood Avenue, Tallahassee, FL 32303
MLS# 401611Listed by: CAPITAL CITY REAL ESTATE GROUP - New
$335,000Active3 beds 2 baths2,064 sq. ft.1850 Cottage Grove Road, Tallahassee, FL 32303
MLS# 401595Listed by: KELLER WILLIAMS TOWN & COUNTRY - New
$265,000Active3 beds 2 baths1,253 sq. ft.6842 Donerail Trail, Tallahassee, FL 32309
MLS# 401606Listed by: THE NAUMANN GROUP REAL ESTATE - New
$350,000Active3 beds 2 baths2,218 sq. ft.3320 Dartmoor Drive, Tallahassee, FL 32312
MLS# 401609Listed by: KELLER WILLIAMS TOWN & COUNTRY