$125,000
Tallahassee, FL 32304
MLS# 2146886
3 beds | 2 baths

1 / 28
Property Description
Duplex Investment Opportunity - Strong 16% ROI This income-producing duplex features a 2/1 unit on one side and a 1/1 unit on the other. • Unit 1: Currently rented at $850/month • Unit 2: Projected rent $750/month, or an excellent owner-occupant option if desired With a combined rental potential of $1,600-$1,700/month, this property delivers an impressive 16% gross ROI at a $125,000 price point. The property has been completely renovated, including a new roof, and is located just 5 minutes from FSU and FAMU. The yard is partially fenced, offering added privacy and functionality. Situated in a high-growth corridor, this property qualifies for multiple economic incentive programs, including: • Opportunity Zone • Urban Job Tax Credit Area • HUBZone (Historically Underutilized Business Zone) • Southside CRA District Please do not disturb tenants.
Details
Contract Information
Current Price: $125,000
Property Sub Type: Single Family Residence
Property Attached YN: No
Status: Active
List Price: $125,000
Listing Contract Date: 2026-05-23
Location Tax and Legal
Street Number: 717
Street Name: DOVER
Street Suffix: Street
County: Leon
State: FL
Postal Code: 32304
MLS Area Major: 992-Out Of Area-West
Subdivision Name: **verifying Subd**
General Property Information
Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1182
Living Area Source: Assessor
Year Built: 1968
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 1
Senior Community YN: No
Directions: 1Head south on S Monroe St (US-27)
Go straight out of downtown on S Monroe, passing the Capitol on your right if you're just leaving that area.Turn right onto FAMU Way
Watch for the signs for FAMU Way on your right after you've gone a short distance south of downtown.
Continue on FAMU Way
Stay on FAMU Way as it curves and continues west.Turn left onto Wahnish Way
Right on Dover
Public Remarks: Duplex Investment Opportunity - Strong 16% ROI
This income-producing duplex features a 2/1 unit on one side and a 1/1 unit on the other.
• Unit 1: Currently rented at $850/month
• Unit 2: Projected rent $750/month, or an excellent owner-occupant option if desired
With a combined rental potential of $1,600-$1,700/month, this property delivers an impressive 16% gross ROI at a $125,000 price point.
The property has been completely renovated, including a new roof, and is located just 5 minutes from FSU and FAMU. The yard is partially fenced, offering added privacy and functionality.
Situated in a high-growth corridor, this property qualifies for multiple economic incentive programs, including:
• Opportunity Zone
• Urban Job Tax Credit Area
• HUBZone (Historically Underutilized Business Zone)
• Southside CRA District
Please do not disturb tenants.
List Price/SqFt: 105.75
Status Change Information
Major Change Timestamp: 2026-05-24T01:32:09Z
Major Change Type: New Listing
DPR Eligible
DPR Eligible: Yes
Property Features
Appliances: Electric Oven; Electric Range; Refrigerator
Utilities: Cable Connected; Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available
Cooling: Central Air
Heating: Central; Hot Water; Separate Meters
Water Source: Public
Parking Features: On Street; Other
Current Use: Investment; Residential; Single Family
Possession: Close Of Escrow; Subject To Tenant Rights
Listing Terms: Cash; Conventional; Private Financing Available
Room Types: Bathroom 1
Room Information
| Room Name |
| Bathroom 1 |
Listing Office: KELLER WILLIAMS FIRST COAST REALTY
Last Updated: May - 24 - 2026
Information deemed reliable but not guaranteed.