601 Pope Street #1 & 2 (605 Pope St), Tallahassee, FL 32304

Tallahassee
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
601 Pope Street #1 & 2 (605 Pope St),Tallahassee, FL 32304
$1,500,000
  • - Beds
  • - Baths
  • 8,800 sq. ft.
  • Multi-family
  • Active
Listed by: kayci carter
Office: the naumann group real estate
MLS#:404626
Source:FL_TBR

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$170.45

About this home

**INVESTOR OPPORTUNITY!** Two all-brick buildings offering significant income potential in a convenient Tallahassee location. Previously operated as student housing, each building features 8 bedrooms and 8 bathrooms, providing a combined total of 16 rentable rooms across both properties. Currently vacant, offering investors the opportunity to establish their own leasing strategy and capture future rental income. Inspections have been completed, and identified items are actively being addressed by the seller. **Seller offering a 7% cap-rate-based income incentive, structured to cover the first year of rental income, with an acceptable offer. Ideal for investors seeking a student-housing opportunity in Tallahassee. Buyer to verify all measurements, permitted use, rental potential, expenses, and investment projections.

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Home facts

  • Year built:2014
  • Subdivision & Development:Saxon
  • Listing ID #:404626
  • Added:62 day(s) ago
  • Updated:November 07, 2026 at 04:11 PM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Microwave, Pantry, Range, Refrigerator
  • Living area:8,800 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:2014
  • Building area:8,800 sq. ft.
  • Construction Materials:Brick
  • Exterior Features:Fence, Patio

Schools

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

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$170.45

Features and amenities

  • Laundry features:Dryer, Washer
  • Amenities:Smoke Detectors, Walk-In Closets

Parking

  • Parking description:Unassigned

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