3554 &3586 Austin Davis Avenue # - Tallahassee, FL $ 5,750,000
3554 &3586 Austin Davis Avenue # -
$ 5,750,000
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3554 &3586 Austin Davis Avenue # -

Tallahassee, FL, 32308
$ 5,750,000
Baths0.0 Sq 18,774

Monthly Estimate*

$ 35,404

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Studio

Multi-Family Home for sale in Tallahassee, FL

for $5,750,000. This 18,774 square foot home was built in 2020.

An exceptional mixed-use and development opportunity on Austin Davis Ave, offering both stabilized income and future growth potential. 3554 Austin Davis Ave is a mixed-use apartment building featuring a combination of residential units and ground-floor commercial space. The property benefits from an urban-style layout designed to support walkable, community-oriented living and retail activation, creating diversified income streams in a single asset. 3586 Austin Davis Ave is a fully entitled development parcel, including approved plans and permits for a new residential complex. This provides a rare, shovel-ready opportunity for immediate construction, reducing time, risk, and entitlement costs for the next phase of development. Together, the properties offer a compelling blend of current cash flow and future expansion potential in a growing corridor; ideal for investors or developers looking to scale within a cohesive urban project.

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Multi-Family Active

Price

$ 5,750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 56,530

Style

Two Story

Year Built

2020

Town/City

Tallahassee

County/Region

Leon

MLS | Web ID

401301

Features
General
Heating Central Electric
Cooling CentralAir Electric
Appliances Dryer Dishwasher Microwave Range Refrigerator RefrigeratorWithIceMaker Washer
HOA Fee 10830.0
Architectural Style TwoStory
Security Features DeadBolts SmokeDetectors
Construction Materials VinylSiding
Year Built 2020
Unit Number -
Property Subtype MultiFamily
County Leon
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Unplatted Land
Garage Y/N N
Rent Includes FitnessCenter Gardener PestControl TrashCollection
Special Listing Conditions Standard
Status Active
Directions E. Mahan Dr. L-Capital Cir L Evening Rose Community Right side
High School LEON
City Tallahassee
Senior Community Y/N N
Number Of Units Total 24
MLS Area Leon
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Kate Sullivan Elementary
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 56530.0
Home Warranty Y/N N
Middle/Junior High School COBB
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot 13
Property Sub Type Additional MultiFamily
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Interior
Flooring Carpet Laminate
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
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Exterior
Parking Features Unassigned
Spa N
Building Area Total 18774.0
Private Pool N
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3554
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* Excluded Features
List By
Kent Strauss Mgt & Real Estate

Broker

Affordability Calculator

$40,115
Per Month
88%
12%
0%
Monthly Principal & Interest
$35,404
Monthly Property Taxes
$4,711
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4617303 Elementary School
3218691 Middle School
Leon High School High School
Pricing History
DatePricePrice ChangeDescription
6/16/2026$5,750,000 Listed Price

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3554 &3586 Austin Davis Avenue # -, Tallahassee, FL, 32308 is a Multi-Family Home for sale at $5,750,000 with 18,774 sqft. 3554 &3586 Austin Davis Avenue # - is a studio with 0.0 baths and was built in 2020. The property's zip code is 32308 which is in Tallahassee, FL