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1272 Ocala Road unit: A, B, C A, B, C, Tallahassee, FL 32304

For Sale

$550,000

12 beds • 9 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • Newly Listed
    Time on Century 21

  • 21-30 Years Old
    Age

Explore this Property

Triplex Listed at $550,000 | $50,400 Gross Annual Income This is the kind of property investors search for but rarely find, a fully leased triplex generating $4,200/month ($50,400 annually) with minimal expenses and a potential 7.49% cap rate. The roof was replaced in 2016, and the property has been consistently maintained, resulting in low tenant turnover and steady income through Section 8 lease agreements. Located near TCC, FSU, FAMU, shopping, and major bus routes, the property remains highly desirable to both students and workforce tenants. With Tallahassee rents historically trending upward 2-3% annually, there is room to increase rents and boost returns even further. This could be the cash-flowing asset you have been searching for! CAP rate may vary depending on multiple factors and should be verified by buyers in alignment with their investment strategy. Drive-by only, do not disturb tenants. Showings may be scheduled with proof of funds.
MLS# 391201

Courtesy Of ROI Realty LLC

(303) 905-4195

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Dryer, Dishwasher, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Floor Covering
    Tile, Carpet

Map and Directions

Directions to 1272 Ocala Road unit: A, B, C A, B, C, Tallahassee, FL 32304

Home seller CENTURY 21 First Story Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 First Story Real Estate

(850) 727-0066
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Monthly Payment Breakdown

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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.