Active

118 W 8th Avenue #1-7

Tallahassee, FL 32303

$1,225,000 $5,164/Mo

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Overview

Bed

Bath

Description

Sold as a package- under one parcel. This extraordinary, completely renovated, and turn-key investment opportunity in the Levy Park area of Midtown in Tallahassee features two income-producing triplexes and a detached single-family home situated less than three miles from Florida State University and the Florida State Capitol. Perfectly positioned for investors seeking strong cash flow and immediate rental potential, this property represents a rare chance to secure a high-performing asset in one of Tallahassee’s most desirable neighborhoods. The gross rent roll of the detached home sits at approximately $30,000/year and the long-term triplex leases sit at approximately $7,000 monthly. The detached single-family home, which makes for an ideal short-term or Airbnb rental, features two bedroo ms, two full bathrooms, and a thoughtfully designed interior boasting original wood floors, great lighting throughout, and a faux fireplace situated between the living room and bedroom. The eat-in kitchen includes bar stool seating and a coffee nook, while one bathroom offers a wood-grain double vanity, intricate mosaic floor tiling, and a glass-enclosed walk-in shower with a gold rain shower head. Outside, the home features a carefully planned back deck area perfect for grilling and enjoying the outdoors. The triplexes are equally impressive, featuring dramatic vaulted ceilings with both natural wood and white-painted exposed beams, an open main floor concept, durable light-toned wood-plank flooring throughout, in-unit laundry, individual back decks, and unassigned parking spaces. Property maintenance has been expertly handled, including newer AC units and professional tree mitigation to keep branches away from the roofs. This asset is well-positioned to deliver solid returns. Immediate cash flow with 100% occupancy across all triplex units and a consistently booked, high-demand Airbnb in the detached home. All furniture and other items in the detached single-family home are negotiable with the sale.

Property Details

Property Type : Residential

Price : $1,225,000

AD Id : 77851633

MLS Id : 399338

Beds : 8

Year Built : 1979

County : Leon

Subdivision: Lakeview Addition

Map

What's Nearby

Nearby Areas

Features

Interior Features

TrayCeilings, VaultedCeilings, WindowTreatments

Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, RefrigeratorWithIceMaker, Washer
Heating & Cooling

Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: AtticFan, CentralAir, CeilingFans, Electric

Building Information

Year Built: 1979

Building Area Total: 4966

Construction Materials: WoodSiding

Stories: 1

Patio And Porch Features: Deck, Patio

Private Pool: No
Exterior Features

Exterior Features: Deck

Lot Information

Lot Dimensions: 170x288x70x133x20x179

Property Information

Subdivision: Lakeview Addition Source Property Type: Residential Property SubType: Multi Family Property Age: 47

Listing Price Information

Listing Price: $1225000

Cash, Conventional

Tax Information

Parcel Number: 12073-21-25-43- F-007-0 Tax Lot: 7-9 Tax Block: F Annual Tax: $9709

Virtual Tour

Virtual Tour (External Link)

Parking Information

OnStreet, Unassigned

School Information

Elementary School: RUEDIGER Junior High School: RAA Senior High School: LEON
Location Information

Direction: North on Monroe St, L on W 8th Ave, Property is on the Right Security Features: SecuritySystem

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1561 Spruce Avenue, Tallahassee, FL, 32303	$295,000	3	1	1,217	1,217 SqFt
1561 Spruce, Tallahassee, FL, 32303	$350,000	3	1	1,217	1,217 SqFt
1485 Spruce Avenue, Tallahassee, FL, 32303	$425,000	3	2	1,773	1,773 SqFt
1481 Spruce Avenue, Tallahassee, FL, 32303	$560,000	3	2	1,685	1,685 SqFt
1481 Spruce Avenue, Tallahassee, FL, 32303	$600,000	3	2	1,685	1,685 SqFt
1445 Spruce Avenue, Tallahassee, FL, 32303	$640,000	3	2	2,354	2,354 SqFt
1445 Spruce Avenue, Tallahassee, FL, 32303	$640,000	3	2	2,354	2,354 SqFt
1310 E 7th Avenue, Tallahassee, FL, 32303	$365,000	2	2	1,227	1,227 SqFt
1545 Lee Avenue, Tallahassee, FL, 32303	$1,095,000	5	4	4,154	4,154 SqFt
1538 Lee Avenue, Tallahassee, FL, 32303	$399,000	3	2	1,807	1,807 SqFt

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ByOwner last updated this listing 06/16/2026 @ 05:31

MLS: 399338 LISTED BY: Velinda Hittinger, Armor Realty, Inc 850-850-8932 SOURCE: TBRMLS