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1320 Terrace Street, Tallahassee, FL 32303

Tallahassee
Local realty services provided by:CENTURY 21 First Story Real Estate
1320 Terrace Street,Tallahassee, FL 32303
$795,000
  • 5 Beds
  • 3 Baths
  • 2,522 sq. ft.
  • Single family
  • Active
Listed by: zon reed
Office: zon realty, inc.
MLS#:406035
Source:FL_TBR

Price summary

  • Price:$795,000
  • Price per sq. ft.:$315.23

About this home

RARE MIDTOWN/LAFAYETTE PARK INVESTMENT OPPORTUNITY! TWO RESIDENCES • PROVEN RENTAL HISTORY • FULLY FURNISHED & TURNKEY! Exceptional opportunity to own TWO residences on one beautifully landscaped, both fully fenced parcel in desirable Midtown/Lafayette Park! Featuring THREE YEARS OF CONSISTENT RENTAL RATES totaling $5,350 monthly ($64,200 annualized), representing an attractive 8.1% GROSS RENTAL YIELD at the $795,000 asking price, before expenses. Ideal for investors, FSU parents purchasing housing for their college students, medical professionals, executive housing, or multigenerational living. PRIME LOCATION — JUST FIVE BLOCKS FROM TALLAHASSEE MEMORIAL HOSPITAL! A straight walk along East 7th Avenue to TMH, the clinical anchor of the expanding FSU Health academic medical system. An outstanding location for furnished rentals catering to physicians, traveling nurses, medical residents, visiting faculty and other healthcare professionals. Convenient to Midtown restaurants and...

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Home facts

  • Year built:1937
  • Subdivision & Development:Lafayette Park
  • Listing ID #:406035
  • Added:1 day(s) ago
  • Updated:October 16, 2026 at 04:45 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Hardwood, Tile
  • Kitchen Description:Dishwasher, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Stove
  • Bedroom Description:Split Bedrooms
  • Living area:2,522 sq. ft.

Heating and cooling

  • Cooling:Attic Fan, Ceiling Fans, Central Air
  • Heating:Electric, Fireplaces, Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1937
  • Building area:2,522 sq. ft.
  • Lot area:0.32 Acres
  • Architectural Style:Colonial, Cottage, Farmhouse, Traditional
  • Construction Materials:Wood Siding
  • Exterior Features:Covered, Deck, Fully Fenced, Patio, Porch
  • Foundation Description:Crawlspace
  • Levels:1 Story

Schools

  • High school:LEON
  • Middle school:COBB
  • Elementary school:Kate Sullivan Elementary

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$795,000
  • Price per sq. ft.:$315.23

Features and amenities

  • Laundry features:Dryer, Washer
  • Amenities:High Ceilings

Parking

  • Parking description:2 Carport Space(s), Carport, Two Spaces
  • Carport spaces:2

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