2510 Fred Smith Road, Tallahassee, FL 32303

Tallahassee
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
2510 Fred Smith Road,Tallahassee, FL 32303
$450,000
  • - Beds
  • - Baths
  • 3,207 sq. ft.
  • Multi-family
  • Active
Listed by: danielle andrews
Office: realty one group next gen
MLS#:405685
Source:FL_TBR

Price summary

  • Price:$450,000
  • Price per sq. ft.:$140.32

About this home

Turnkey quadplex investment opportunity offering strong in-place income and major recent improvements! This well-maintained and updated property generates $58,440 in annual gross rental income, with all four units currently leased through February 2027, providing immediate cash flow from day one. Recent capital improvements include updated HVAC systems and electrical improvements completed in 2024, per City of Tallahassee permits, plus the added durability of a metal roof. Ideally situated between Monroe Street and Old Bainbridge Road, the property offers convenient access to I-10, Downtown Tallahassee, Midtown, restaurants, shopping, entertainment, movie theaters, and other everyday amenities, making it an attractive and convenient rental location. With established tenants, strong existing income, updated major systems, and no immediate lease-up required, this is an excellent opportunity to add a stabilized, income-producing multifamily asset to your portfolio.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Subdivision & Development:Lake Jackson Farms
  • Listing ID #:405685
  • Added:1 day(s) ago
  • Updated:October 07, 2026 at 04:04 PM

Rooms and interior

  • Flooring:Vinyl
  • Kitchen Description:Dishwasher, Range, Refrigerator
  • Living area:3,207 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Building area:3,207 sq. ft.
  • Construction Materials:Block, Concrete, Stucco
  • Levels:1 Story

Schools

  • High school:LEON
  • Middle school:GRIFFIN
  • Elementary school:RUEDIGER

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$140.32

Parking

  • Parking description:Unassigned

New listings near 2510 Fred Smith Road