About This Home

This 8-bedroom, 8-bathroom residential multi family at 118 W 8th Avenue #1-7 in Tallahassee, FL is listed for $1,150,000. Built in 1979, on a N/A lot.

Key Features

  • Built in 1979

Property Details

1 story
8 full
#1-7
1979

Amenities

A/C
Listing Description

One or more photos have been virtually enhanced. Immediate cash flow with 100% occupancy across all triplex units and a consistently booked, high-demand Airbnb in the detached home. This extraordinary, completely renovated, and turn-key investment opportunity in the Levy Park area of Midtown in Tallahassee features two income-producing triplexes an

d 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. All furniture and other items in the detached single-family home are negotiable with the sale.

Monthly Cost Estimate

$6,150/mo

20% down · 6.5% · 30 years

Principal$832
Interest$4,983
Insurance$335

Estimates only. Actual payments may vary.

Location

118 W 8th Avenue #1-7

Tallahassee, FL 32303

Lakeview Addition

Features & Amenities

Interior Features

TrayCeilingsVaultedCeilingsWindowTreatments

Exterior Features

Deck

Property Details

Flooring

WoodVinyl

Construction

WoodSiding

Outdoor Features

DeckPatio

Parking

AssignedOn Street

Heating

CentralElectric (Heating)

Cooling

Ceiling Fan(s)Attic FanCentral AirElectric

Appliances

DryerDishwasherDisposalMicrowaveRefrigeratorRefrigeratorWithIceMakerWasher

Questions & Answers

This 8-bedroom, 8-bathroom residential multi family at 118 W 8th Avenue is listed at $1,150,000. The estimated monthly payment is $6,150 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1979. Interior Features: TrayCeilings, VaultedCeilings, WindowTreatments. Exterior Features: Deck.

This property is listed by Velinda Hittinger.

VH

Velinda Hittinger

License 3473050

Agent at Armor Realty, Inc.

Listed by Armor Realty, Inc. · Broker phone: (850) 893-2525 · View on Broker Site · Broker website

MLS# 401636· Source: Tallahassee Board of Realtors· 125 days on PropertySimple

Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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

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