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About This Home

This 8-bedroom, 8-bathroom residential multi family at 118 W 8th Avenue in Tallahassee, FL is listed for $1,225,000. Built in 1979, on a N/A lot.

Agent Description

Sold as a package- under one parcel. This extraordinary, completely renovated, and turn-key investment opportunity in the Levy Park area of Midtown in Tallahassee features two income-producing triplexes and 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. Immediate cash flow with 100% occupancy across all triplex units and a consistently booked, high-demand Airbnb in the detached home. All furniture and other items in the detached single-family home are negotiable with the sale.

Key Features

  • Built in 1979

Property Details

1 story
8 full
#1-7
1979

Amenities

A/C

Monthly Cost Estimate

$6,552/mo

20% down · 6.5% · 30 years

Principal$886
Interest$5,308
Insurance$357

Estimates only. Actual payments may vary.

Location

118 W 8th Avenue

Tallahassee, FL 32303

Lakeview Addition

Features & Amenities

Interior Features

TrayCeilingsVaultedCeilingsWindowTreatments

Exterior Features

Deck

Property Details

Flooring

WoodVinyl

Construction

WoodSiding

Pool Features

PatioDeck

Parking

On StreetAssigned

Heating

CentralElectric (Heating)

Cooling

Central AirElectricCeiling Fan(s)Attic Fan

Appliances

DryerDishwasherDisposalMicrowaveRefrigeratorRefrigeratorWithIceMakerWasher

Questions & Answers

This 8-bedroom, 8-bathroom residential multi family at 118 W 8th Avenue is listed at $1,225,000. The estimated monthly payment is $5,308 based on 20% down at 6.5% interest.

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

This property is listed by Velinda Hittinger and can be reached at 8505457219 or velinda@armorrealty.com.

VH

Velinda Hittinger

Agent at Armor Realty, Inc

(850) 545-7219

Listed by Armor Realty, Inc · View on Broker Site

MLS# 399338· Source: listhub· Updated 32 days ago

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, Tallahassee, FL 32303

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