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755 W 4Th Avenue, Tallahassee, FL 32304

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For Sale

$160,000

4 beds • 2 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 392581

Courtesy Of Pro Players Realty USA

(850) 942-7653

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Floor Covering
    Vinyl, Concrete

Map and Directions

Directions to 755 W 4Th Avenue, Tallahassee, FL 32304

Home seller CENTURY 21 Integra

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CENTURY 21 Integra

(407) 878-7343
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Copyright © 2025 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.