About This Home

This 16-bedroom, 16-bathroom residential multi family at 601 Pope Street #1 & 2 (605 Pope St) in Tallahassee, FL is listed for $1,500,000. Built in 2014, on a N/A lot.

Key Features

  • Built in 2014
  • 2 stories

Property Details

2 stories
16 full
#1 & 2 (605 Pope St)
2014

Amenities

A/C
Listing Description

**INVESTOR OPPORTUNITY!** Two all-brick buildings offering significant income potential in a convenient Tallahassee location. Previously operated as student housing, each building features 8 bedrooms and 8 bathrooms, providing a combined total of 16 rentable rooms across both properties.

Currently vacant, offering investors the opportunity to establish their own leasing strategy and capture future rental income. Inspections have been completed, and identified items are actively being addressed by the seller. **Seller offering a 7% cap-rate-based income incentive, structured to cover the first year of rental income, with an acceptable offer.

Ideal for investors seeking a student-housing opportunity in Tallahassee. Buyer to verify all measurements, permitted use, rental potential, expenses, and investment projections.

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

601 Pope Street #1 & 2 (605 Pope St)

Tallahassee, FL 32304

Saxon

Features & Amenities

Interior Features

PantryWalkInClosets

Exterior Features

Fence

Property Details

Flooring

Laminate

Construction

Brick

Outdoor Features

Patio

Parking

Assigned

Heating

Central

Cooling

Central Air

Appliances

DryerDishwasherMicrowaveRangeRefrigeratorRefrigeratorWithIceMakerWasher

Questions & Answers

This 16-bedroom, 16-bathroom residential multi family at 601 Pope Street is listed at $1,500,000. The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2014, 2 stories. Interior Features: Pantry, WalkInClosets. Exterior Features: Fence.

This property is listed by Kayci Carter.

KC

Kayci Carter

License 3643008

Agent at The Naumann Group Real Estate, Inc.

Listed by The Naumann Group Real Estate, Inc. · Broker phone: (850) 933-0328 · View on Broker Site · Broker website

MLS# 404626· Source: Tallahassee Board of Realtors· 57 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.

601 Pope Street #1 & 2 (605 Pope St), Tallahassee, FL 32304

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