About This Home

This 6-bedroom, 8-bathroom residential multi family at 3554 &3586 Austin Davis Avenue in Tallahassee, FL is listed for $5,750,000. Built in 2020, on a N/A lot.

Key Features

  • Built in 2020
  • 2 stories

Property Details

2 stories
6 full, 2 half
2020

Amenities

A/C
Listing Description

An exceptional mixed-use and development opportunity on Austin Davis Ave, offering both stabilized income and future growth potential. 3554 Austin Davis Ave is a mixed-use apartment building featuring a combination of residential units and ground-floor commercial space.

The property benefits from an urban-style layout designed to support walkable, community-oriented living and retail activation, creating diversified income streams in a single asset. 3586 Austin Davis Ave is a fully entitled development parcel, including approved plans and permits for a new residential complex.

This provides a rare, shovel-ready opportunity for immediate construction, reducing time, risk, and entitlement costs for the next phase of development. Together, the properties offer a compelling blend of current cash flow and future expansion potential in a growing corridor; ideal for investors or developers looking to scale within a cohesive urban project.

Monthly Cost Estimate

$41,582/mo

20% down · 6.5% · 30 years

Principal$4,158
Interest$24,917
Insurance$1,677
HOA$10,830

Estimates only. Actual payments may vary.

Location

3554 &3586 Austin Davis Avenue

Tallahassee, FL 32308

Unplatted Land

Property Details

Flooring

LaminateCarpet

Construction

VinylSiding

Parking

Assigned

Heating

CentralElectric (Heating)

Cooling

Central AirElectric

Appliances

DryerDishwasherMicrowaveRangeRefrigeratorRefrigeratorWithIceMakerWasher

Questions & Answers

This 6-bedroom, 8-bathroom residential multi family at 3554 &3586 Austin Davis Avenue is listed at $5,750,000. The estimated monthly payment is $41,582 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $10830/month.

Key features include: Built in 2020, 2 stories.

This property is listed by Liz Harrison.

LH

Liz Harrison

License 3257240

Agent at Kent Strauss Mgt & Real Estate

Listed by Kent Strauss Mgt & Real Estate · Broker phone: 850 8772284 · View on Broker Site

MLS# 401301· Source: Tallahassee Board of Realtors· 136 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.

3554 &3586 Austin Davis Avenue, Tallahassee, FL 32308

Open this listing in: