USAFLTallahasseeLafayette Park1320 Terrace St
1320 Terrace St | Image 1
New
1320 Terrace St | Image 2
1320 Terrace St | Image 3
1320 Terrace St | Image 4
1320 Terrace St | Image 5
1320 Terrace St | Image 6
1320 Terrace St | Image 7

$795,000

For Sale

13 hours ago

1320 Terrace St, Tallahassee, FL

House

MLS® 406035

5 Bed

3 Bath

2522 sqft

--

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2522 sqft
Garage 
Taxes 
Days Active 1
Lot Size 0.32 Acres
Approx. Age 1937
Avg. Price Per Sqft $315
MLS® Number 406035

Property Address: 1320 Terrace St, Tallahassee, FL, 32303-5738

Average square foot calculated using Size range provided by listing agent.

Description

RARE MIDTOWN/LAFAYETTE PARK INVESTMENT OPPORTUNITY! TWO RESIDENCES • PROVEN RENTAL HISTORY • FULLY FURNISHED & TURNKEY! Exceptional opportunity to own TWO residences on one beautifully landscaped, both fully fenced parcel in desirable Midtown/Lafayette Park! Featuring THREE YEARS OF CONSISTENT RENTAL RATES totaling $5, 350 monthly ($64, 200 annualized), representing an attractive 8.1% GROSS RENTAL YIELD at the $795, 000 asking price, before expenses. Ideal for investors, FSU parents purchasing housing for their college students, medical professionals, executive housing, or multigenerational living. PRIME LOCATION — JUST FIVE BLOCKS FROM TALLAHASSEE MEMORIAL HOSPITAL! A straight walk along East 7th Avenue to TMH, the clinical anchor of the expanding FSU Health academic medical system. An outstanding location for furnished rentals catering to physicians, traveling nurses, medical residents, visiting faculty and other healthcare professionals. Convenient to Midtown restaurants and shopping, downtown, the State Capitol, Leon High School, FSU and FAMU. The beautifully updated main residence at 1320 Terrace Street offers 4 bedrooms and 2 baths, or 3 bedrooms plus an office. Features include refinished hardwood floors, recessed LED lighting, a gas fireplace and an impressive chef's kitchen with granite countertops, marble subway-tile backsplash, a 48-inch professional gas range with dual ovens and a 184-bottle Marvel wine cooler. Extensive improvements include a NEW ROOF, new refrigerator, updated electrical wiring and panel, and a Rinnai tankless gas water heater. The charming detached 1-bedroom, 1-bath cottage at 731 E. 7th Avenue features its own street address, separate electric meter, open living area, hardwood and tile floors, generous closets, built-in storage and NEW HVAC. French doors open to a private brick patio and tropical backyard. A detached laundry and storage building includes a washer and dryer. SOLD FULLY FURNISHED & TURNKEY! Both residences include furnishings, appliances, televisions, microwaves, washers and dryers, offering an exceptional opportunity for investors seeking furnished or traditional rental properties without the expense of furnishing two separate homes. TWO ADDRESSES • TWO RESIDENCES • THREE YEARS OF CONSISTENT RENTAL RATES • WALKING DISTANCE TO TMH • ONE EXCEPTIONAL INVESTMENT OPPORTUNITY!
MLS® Number406035
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
Garage
Approx. Age1937
Basement
DrivewayCarport, Two Spaces
Garage Spaces
HeatElectric, Fireplaces, Natural Gas
A/CAttic Fan, Central Air, Ceiling Fans, Gas

Extras

Rooms

Change to metres

Bedroom 1:15 × 13 ft
Bedroom 5:12 × 17 ft
Dining Room:16 × 13 ft
Bedroom 2:12 × 13 ft
Family Room:15 × 15 ft
Bedroom 4:16 × 13 ft
Bedroom 3:10 × 13 ft
Kitchen:13 × 18 ft
Living Room:16 × 18 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 16, 2026List Date
$795,000List Price
-End Date
Not Sold YetSold Price

For Rent

Mar 5, 2026List Date
$3,650List Price
  • Commute

Commute

Starting Address
Destination Address
1320 Terrace St, Tallahassee, FL

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties

Explore eXpFind an AgentJoin eXpInvestor RelationsCompany CareersHome Guides
eXp LifeZoocasaSUCCESS®SUCCESS® LendingeXp RevenoseXp CommercialeXp LuxuryeXp Land and RanchAccessibility
Terms and ConditionsPrivacy Rights RequestPrivacy PolicyCookie PolicyBrand GuidelinesSitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker

© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved