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Sold for $290,000
  • $290,000

    5138 Back 40 Rd #0, Tallahassee, FL 32303

    4beds
    2baths
    1,808sqft
    Multi Family
    Built in 1993
    -- sqft lot
    $291,000 Zestimate®
    $160/sqft
    $1,437 Estimated rent

    Home value

    $291,000

    $276,000 - $306,000

    $1,437/mo

    Zestimate® history
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    $2,017/mo

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    $2,017/mo

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    What's special

    Newer appliancesUpdated finishesPeaceful wooded setting
    Built in 1993, this move-in ready duplex sits on a private 1.18-acre wooded lot in a prime NW Tallahassee location just off Capital Circle NW with quick access to I-10. Conveniently located near the future Buc-ee’s projected for mid-2027, this property offers outstanding long-term potential. Each unit features 908 sq ft with one upstairs and one downstairs, making it ideal for investors or owner-occupants. The property has undergone major interior renovations in recent years including updated finishes and newer appliances, along with important exterior improvements such as a metal roof (2020) and septic drain field (2020). Currently vacant, the duplex has an estimated gross rental potential of approximately $2,800 per month. Live in one unit while the rental income from the second unit helps cover a major portion of your payment, or lease both for strong income potential. Peaceful wooded setting, major updates already completed, and a rapidly growing location make this a rare opportunity.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeffrey S Ragan 850-273-2520,

    Friendly Real Estate Group LLC

    Bought with:

    Leirit Ramirez, 3536662

    Realty Property Group

    Realty Property Group

    Source: TBR,MLS#: 399726MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Rooms
    • Room types: Primary Bedroom, Office, Utility Room
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Dishwasher, Microwave, Range, Refrigerator, Refrigerator with Ice Maker, Washer/Dryer
    Features
    • Flooring: Laminate
    • Has fireplace: No
    Interior area
    • Total structure area: 1,808
    • Total interior livable area: 1,808 sqft

    Property

    Parking
    • Parking features: Assigned, Parking Space(s)
    Features
    • Patio & porch: Deck
    • Exterior features: Deck
    Lot
    • Size: 0.38 Acres
    • Dimensions: 220 x 200 x 175
    Details
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story
    • Property subtype: Multi Family
    Materials
    • Frame, Vinyl Siding
    Condition
    • Year built: 1993

    Community & HOA

    Community
    • Subdivision: Unplatted Land
    Location
    • Region: Tallahassee

    Financial & listing details

    • Price per square foot: $160/sqft
    • Annual tax amount: $2,517
    • Date on market: 5/10/2026
    • Cumulative days on market: 46 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Lease term: None

    Price history

    DateEventPrice
    6/25/2026Sold$290,000+0%$160/sqft
    Source: TBR #399726 Report a problem
    5/22/2026Contingent$289,989$160/sqft
    Source: TBR #399726 Report a problem
    5/10/2026Listed for sale$289,989$160/sqft
    Source: TBR #399726 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 32303

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: SPRINGWOOD
    • Middle: GRIFFIN
    • High: GODBY

    Source: TBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $291,000
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    +$5,820
    With Zillow Showcase(estimated)
    $296,820