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118 W 8th Avenue #1-7, 
Tallahassee, FL 32303

$1,225,000


Bed


Bath


4,966

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Velinda Hittinger

Armor Realty, Inc

850-893-2525

Last updated:

May 7, 2026, 11:47 PM

MLS#

399338

Source:

FL TBR

About This Home

118 W 8th Avenue #1-7

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.

Home Facts

Multi-Family

Built in 1979

Price Summary

1,225,000

$246 per Sq. Ft.

MLS #:

399338

Last Updated:

May 7, 2026, 11:47 PM

Added:

19 day(s) ago


Rooms & Interior

Interior

Living Area:

4,966 Sq. Ft.


Structure

Structure

Building Area:

4,966 Sq. Ft.

Year Built:

1979


Finances & Disclosures

Finances

Price:

$1,225,000

Price per Sq. Ft:

$246 per Sq. Ft.

Source:FL TBR
The information being provided by Catrs/Tallahassee Board Of REALTORS® is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Catrs/Tallahassee Board Of REALTORS® All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.