755 W 4th Avenue, Tallahassee, FL 32304
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
755 W 4th Avenue,Tallahassee, FL 32304
$160,000
- - Beds
- - Baths
- 1,235 sq. ft.
- Multi-family
- Active
Listed by:john stehmeyer
Office:pro players realty usa
MLS#:392581
Source:FL_TBR
Price summary
- Price:$160,000
- Price per sq. ft.:$129.55
About this home
DUPLEX WITH CASH FLOW & VALUE-ADD OPPORTUNITY! Spacious 2BR/1BA Duplex in Prime Tallahassee Rental Market 755 W 4th Ave & 759 W 4th Ave, Tallahassee, FL PROPERTY OVERVIEW: An exceptional investment opportunity to acquire a well-maintained duplex featuring two (2) spacious 2-Bedroom, 1-Bathroom units. The highly sought-after 2/1 layout appeals to a wider tenant pool—including students sharing a unit and small families—driving high rental demand. This property is perfectly positioned for both immediate cash flow and substantial long-term value appreciation. INVESTMENT HIGHLIGHTS: Superior Unit Mix: The two 2-Bedroom, 1-Bathroom units are a significant advantage in the local market, commanding higher rents and attracting a more stable tenant base than 1-bedroom units. Exceptional Core Structure: The exterior and foundation of this duplex are in very good structural condition (Concrete Block construction, built in 1966), offering an investor peace of mind and significantly reduced immediate capital expenditure on major systems. Massive Value-Add Potential: The interiors are currently in decent, rentable condition, but are poised for a significant income boost. Light cosmetic updates (flooring, paint, kitchen/bath refresh) will allow the new owner to substantially raise rental rates and dramatically increase the property's overall cash-on-cash return and equity position. Strong Location Drivers: Situated near major employment and student hubs, the property benefits from consistent rental demand driven by Florida State University (FSU), Florida A&M University (FAMU), and the proximity to Downtown Tallahassee and the State Capitol complex. PROPERTY DETAILS: Units: Two (2) separate units: 755 W 4th Ave & 759 W 4th Ave Unit Mix: 2 Bed / 1 Bath per unit (Total: 4 Beds / 2 Baths) Construction: Durable Concrete Block Condition: Excellent exterior structure, decent interior condition with proven rental history. Upside: Opportunity to perform a staggered unit renovation (as leases expire) to immediately capture higher market rents. Whether you are a seasoned investor looking to add a stable, high-yield asset to your portfolio or a new investor seeking a prime opportunity to jump into the robust Tallahassee rental market, this duplex is a must-see. Do not miss the chance to secure a solid structure with significant income potential in a continuously growing Florida city.
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Home facts
- Year built:1966
- Listing ID #:392581
- Added:1 day(s) ago
- Updated:October 26, 2025 at 10:15 AM
Rooms and interior
- Living area:1,235 sq. ft.
Heating and cooling
- Cooling:Wall/Window Units
- Heating:Electric
Structure and exterior
- Year built:1966
- Building area:1,235 sq. ft.
Schools
- High school:LEON
- Middle school:GRIFFIN
- Elementary school:RILEY
Finances and disclosures
- Price:$160,000
- Price per sq. ft.:$129.55
- Tax amount:$1,538
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