2510 Fred Smith Road, Tallahassee, FL 32303

Tallahassee
Local realty services provided by:Hamilton Realty Advisors ERA Powered
2510 Fred Smith Road,Tallahassee, FL 32303
$450,000
  • - Beds
  • - Baths
  • 3,207 sq. ft.
  • Multi-family
  • Active
Listed by: danielle andrews
Office: realty one group next gen
MLS#:405685
Source:FL_TBR

Price summary

  • Price:$450,000
  • Price per sq. ft.:$140.32

About this home

Turnkey quadplex investment opportunity offering strong in-place income and major recent improvements! This well-maintained and updated property generates $58,440 in annual gross rental income, with all four units currently leased through February 2027, providing immediate cash flow from day one. Recent capital improvements include updated HVAC systems and electrical improvements completed in 2024, per City of Tallahassee permits, plus the added durability of a metal roof. Ideally situated between Monroe Street and Old Bainbridge Road, the property offers convenient access to I-10, Downtown Tallahassee, Midtown, restaurants, shopping, entertainment, movie theaters, and other everyday amenities, making it an attractive and convenient rental location. With established tenants, strong existing income, updated major systems, and no immediate lease-up required, this is an excellent opportunity to add a stabilized, income-producing multifamily asset to your portfolio.

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Home facts

  • Subdivision & Development:Lake Jackson Farms
  • Listing ID #:405685
  • Added:4 day(s) ago
  • Updated:October 10, 2026 at 02:54 PM

Rooms and interior

  • Flooring:Vinyl
  • Kitchen Description:Dishwasher, Range, Refrigerator
  • Living area:3,207 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Building area:3,207 sq. ft.
  • Construction Materials:Block, Concrete, Stucco
  • Levels:1 Story

Schools

  • High school:LEON
  • Middle school:GRIFFIN
  • Elementary school:RUEDIGER

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$140.32

Parking

  • Parking description:Unassigned

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