1320 Terrace Street #House and Cottage, Tallahassee, FL 32303

Tallahassee
Local realty services provided by:Hamilton Realty Advisors ERA Powered
1320 Terrace Street #House and Cottage,Tallahassee, FL 32303
$795,000
  • - Beds
  • - Baths
  • 2,522 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, Nov 21
    10:00 am - 04:00 pm
  • Sun, Nov 22
    12:00 am - 04:00 pm
Listed by: zon reed
Office: zon realty, inc.
MLS#:407108
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 shopping,...

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Home facts

  • Year built:1937
  • Subdivision & Development:ELIZABETH TERRACE
  • Listing ID #:407108
  • Added:1 day(s) ago
  • Updated:November 15, 2026 at 04:40 PM

Rooms and interior

  • Flooring:Ceramic Tile, Clay, Wood
  • Kitchen Description:Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Living area:2,522 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:1937
  • Building area:2,522 sq. ft.
  • Construction Materials:Aluminum Siding, Frame
  • Levels:1 Story

Schools

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

Finances and disclosures

  • Price:$795,000
  • Price per sq. ft.:$315.23
  • Tax amount:$6,712

Features and amenities

  • Laundry features:Dryer, Washer
  • Amenities:DeadBolts, Smoke Detectors

Parking

  • Parking description:Carport, Covered, On Street

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