USAFLTallahasseeLakeview Addition1-7-118 W 8Th Ave

1-7-118 W 8Th Ave, Tallahassee, FL

House

For Sale

Listed price in listed location currency (USD).

$1,225,000

000

MLS® 399338

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential

Size -

Garage

Taxes $9,709

Days Active 14

Lot Size

Approx. Age 1979

MLS® Number 399338

Property Address: 1-7-118 W 8th Ave, TALLAHASSEE, FL, 32303-5503

Average square foot calculated using Size range provided by listing agent.

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 bedrooms, 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.

MLS® Number399338

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1979

Basement

DrivewayOn Street, Unassigned

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 30, 2026List Date

$1,225,000List Price

Commute

Commute

Starting Address

Destination Address

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