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503 & 505 Terrace Street Unit N/A

Tallahassee, FL 32308

– beds
– baths
1,792 sqft
$181 per sqft
1954 build
– on site

Located on a spacious double corner lot in the heart of Old Town, this traditional duplex offers endless potential, ideally located just minutes from downtown, FSU, and TMH and only steps from Midtown. Each unit features 2 bedrooms, 1 bathroom, and approximately 896 sq ft of living space. One side has been fully renovated with new flooring, cabinets, appliances, fixtures, and a beautifully updated kitchen & bathrooms. Enjoy the fresh screened porch and a rare detached two-car garage. Currently owner-occupied on one side with a tenant on the other, making this an ideal investment property or house-hack opportunity. Whether you're looking for short-term rental income, long-term tenants, or dual occupancy, this versatile property delivers. Prime location in one of Tallahassee’s most desirable neighborhoods — don't miss out on this unique‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ offering!

Listing courtesy of CATRS / Armor Realty, Inc

Last checked: Checking… • Last updated Apr 14, 2025 •

MLS# 384445 —

The Building

Year Built:

1954
Architectural Style:

OneStory
# of Units Total:

2
Stories:

1
Exterior Features:

Fence
Patio And Porch Features:

Patio,Porch,Screened
Construction Materials:

WoodSiding
Building Area Total:

1792.0
Building Area Source:

Assessor

Interior

Flooring:

Clay,CeramicTile,Vinyl,Wood
Fireplace:

false
Furnished:

Partially

Financial & Terms

Possession:

CloseOfEscrow
Lease Considered:

false
Lease Term:

TwelveMonths
Rent Includes:

AllUtilities

Location

Directions:

From Monroe, E on Tennessee, L on Terrace, Home on R, NE corner of roundabout
Latitude:

30.447154
Longitude:

-84.269562

The Property

Property Type:

Residential
Property Subtype:

MultiFamily
Lot Size Dimensions:

133 x 100 x 133 x 100
Parcel Number:

12073-11-31-86-002-013-0
Fencing:

Partial

Listing Agent

Contact info:

Taxes

Tax Lot:

13
Tax Annual Amount:

4179.0

The Listing

Home Warranty:

false
Virtual Tour URL Unbranded:

https://www.zillow.com/view-imx/d38a1242-376e-492f-a299-24d30f0316c5?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Heating & Cooling

Heating:

Central,Electric
Heating:

true
Cooling:

CentralAir,CeilingFans,Electric
Cooling:

true

Appliances

Appliances:

Dryer,Microwave,Range,Refrigerator,RefrigeratorWithIceMaker,Washer

Schools

Elementary School:

Kate Sullivan Elementary
Middle Or Junior School:

COBB
High School:

LEON

The Community

Subdivision Name:

TALAFLO TERRACE
Pool Private:

false

Parking

Parking Features:

Common,Garage,OnStreet,VariesByUnit

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/11/25 Apr 11, 2025	Listed / Active	CATRS	$325,000

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This multifamily located in Capital Cascade, Tallahassee, FL 32308 is currently for sale for $325,000. 503 & 505 Terrace Street Unit N/A is a 1,792 square foot multifamily with – beds and – baths that has been on Estately for 3 days. 503 & 505 Terrace Street Unit N/A is in the Capital Cascade neighborhood of Tallahassee and has a WalkScore® of 55, making it somewhat walkable. This multifamily is in the attendance area of Elizabeth Cobb Middle School, Leon High School, and Sullivan Elementary School.

Listing Courtesy of: CATRS and Armor Realty, Inc.

The information provided is exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.