755 W 4th Ave

Tallahassee, FL 32304

$140,000
Last Sold Price
—
Beds
—
Baths
1,235 Sq. Ft.
$113 / Sq. Ft.
1,235
Sq. Ft.
$113
per Sq. Ft.
Closed 11/17/25
Closed 11/17/25

Description

Duplex with cash flow & value-add opportunity! Spacious 2BR/1BA Duplex in Prime Tallahassee Rental Market 755 W 4th Ave & 759 W 4th Ave, Tallahassee, FL PROPERTY OVERVIEW: An exceptional investment opportunity to acquire a well-maintained duplex featuring two (2) spacious 2-Bedroom, 1-Bathroom units. The highly sought-after 2/1 layout appeals to a wider tenant pool—including students sharing a unit and small families—driving high rental demand. This property is perfectly positioned for both immediate...Duplex with cash flow & value-add opportunity! Spacious 2BR/1BA Duplex in Prime Tallahassee Rental Market 755 W 4th Ave & 759 W 4th Ave, Tallahassee, FL PROPERTY OVERVIEW: An exceptional investment opportunity to acquire a well-maintained duplex featuring two (2) spacious 2-Bedroom, 1-Bathroom units. The highly sought-after 2/1 layout appeals to a wider tenant pool—including students sharing a unit and small families—driving high rental demand. This property is perfectly positioned for both immediate cash flow and substantial long-term value appreciation. INVESTMENT HIGHLIGHTS: Superior Unit Mix: The two 2-Bedroom, 1-Bathroom units are a significant advantage in the local market, commanding higher rents and attracting a more stable tenant base than 1-bedroom units. Exceptional Core Structure: The exterior and foundation of this duplex are in very good structural condition (Concrete Block construction, built in 1966), offering an investor peace of mind and significantly reduced immediate capital expenditure on major systems. Massive Value-Add Potential: The interiors are currently in decent, rentable condition, but are poised for a significant income boost. Light cosmetic updates (flooring, paint, kitchen/bath refresh) will allow the new owner to substantially raise rental rates and dramatically increase the property's overall cash-on-cash return and equity position. Strong Location Drivers: Situated near major employment and student hubs, the property benefits from consistent rental demand driven by Florida State University (FSU), Florida A&M University (FAMU), and the proximity to Downtown Tallahassee and the State Capitol complex. PROPERTY DETAILS: Units: Two (2) separate units: 755 W 4th Ave & 759 W 4th Ave Unit Mix: 2 Bed / 1 Bath per unit (Total: 4 Beds / 2 Baths) Construction: Durable Concrete Block Condition: Excellent exterior structure, decent interior condition with proven rental history. Upside: Opportunity to perform a staggered unit renovation (as leases expire) to immediately capture higher market rents. Whether you are a seasoned investor looking to add a stable, high-yield asset to your portfolio or a new investor seeking a prime opportunity to jump into the robust Tallahassee rental market, this duplex is a must-see. Do not miss the chance to secure a solid structure with significant income potential in a continuously growing Florida city.

Property Details for 755 West 4th Avenue

Architectural Style
OneStory
Parking Features
Unassigned
Subdivision Name
HARLEM
LISTING UPDATED: 12/03/2025 12:51 PM

Property Details for 755 West 4th Avenue

StatusClosed
MLS #392581
Days on Market23
Taxes$1,538 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi Family
Year Built1966
Lot Size-
CountyLeon County

Location

Add your commute

Building Information for 755 West 4th Avenue

Stories1Residences2Year Built1966Building Size-Lot Size-

Payment Calculator

$820 per month

30 year fixed, 6.28% Interest

Principal and Interest

$692

Property Taxes

$128

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 755 West 4th Avenue

Summary
Location and General Information
  • City: Tallahassee
  • County Or Parish: Leon
  • Directions: W TENNESSEE RIGHT ON OLD BAINBRIDGE LEFT ON W 4TH AVE
  • Postal Code: 32304
  • Latitude: 30.453366
  • Longitude: -84.295805
  • State Or Province: FL
Taxes and HOA Information
  • Parcel Number: 12073-21-25-34- D-001-0
  • Association Fee: $.00
  • Tax Annual Amount: $1,538.00
  • Tax Block: D
  • Tax Lot: 1
School Information
  • Elementary School: RILEY
  • High School: LEON
  • Middle Or Junior School: GRIFFIN
Property
Lot Information
  • Building Area Source: Assessor
  • Building Area Total: 1235.0
  • Lot Size Dimensions: 130X60X130X60
Property and Assessments
  • Property Type: Residential
  • Property Sub Type: MultiFamily
  • Property SubType Additional: MultiFamily
  • Year Built: 1966
  • Documents Available: Disclosures, SellersPropertyDisclosure
  • Human Modified: No
Interior and Exterior Features
Exterior Features
  • Pool Private: No
  • Construction Materials: Block, Concrete
Interior Features
  • Stories: 1
  • Flooring: Concrete, Vinyl
  • Cooling: Yes
  • Cooling: WallWindowUnits
  • Heating: Yes
  • Heating: Electric
  • Appliances: Range, Refrigerator
  • Fireplace: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Gross Income: $10,800
Rental
Rental Information
  • Rent Includes: None
  • Lease Considered: No
  • Lease Term: MonthToMonth

Property History for 755 West 4th Avenue

DateEvent & SourcePriceAppreciation
Nov 17, 2025

Sold (Public Record)

Public Record #1921720373

$140,000

+2.2% / yr

Nov 17, 2025

Sold

CATRS #392581

$140,000—
Nov 7, 2025

Pending

CATRS #392581

—
Oct 25, 2025

Listed (Active)

CATRS #392581

$160,000—
May 6, 2005

Sold (Public Record)

Public Record #157066251

$90,000—
DateEvent & SourcePrice
11/17/2025

Sold (Public Record)

Public Record #1921720373

$140,000

+2.2% / yr

11/17/2025

Sold

CATRS #392581

$140,000
11/07/2025

Pending

CATRS #392581

—
10/25/2025

Listed (Active)

CATRS #392581

$160,000
05/06/2005

Sold (Public Record)

Public Record #157066251

$90,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 755 West 4th Avenue

Taxable ValueLand$30,000Additions$60,703Total$90,703
Tax Record2024$1,538 ($128 / month)
Home Facts
Beds4Total Finished SqFt1,235 SqFtAbove Grade Finished SqFt1,235 SqFtStories1Lot Size7,841 SqFtStyleSingle Family ResidenceYear Built1966CountyLEONAPN21-25-34- D-001-0

Schools near 755 West 4th Avenue

This home is within Leon.
Rating
School
Type
Grades
Distance
John G Riley Elementary School
Public - PK to 5
Griffin Middle School
Public - 6 to 8
Leon High School
Public - 9 to 12
School Of Arts & Science Center
Charter - K to 8
Rating
School
Distance
John G Riley Elementary School
PublicPK to 5

Griffin Middle School
Public6 to 8

Leon High School
Public9 to 12

School Of Arts & Science Center
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.