Skip main navigation
Under contract
  • PropertyExplore 3D tour
    • $289,989

    5138 Back 40 Rd #0, Tallahassee, FL 32303

    4beds
    2baths
    1,808sqft
    : 
    Loading
    Get pre-qualified
    Multi Family
    Built in 1993
    -- sqft lot
    $-- Zestimate®
    $160/sqft
    $-- HOA

    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.
    45 days
    |
    81
    |
    1
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeffrey S Ragan 850-273-2520,

    Friendly Real Estate Group LLC

    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
      Video & virtual tour

      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
      • Parcel number: 120732107204130000
      • 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

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        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.

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.
          Get pre-qualified

          Climate risks

          Neighborhood: 32303

          Getting around

          1 / 100
          Car-Dependent
          0 / 100
          No Nearby Transit
          27 / 100
          Somewhat Bikeable

          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.

          Skip to the end of the carouselSkip to the beginning of the carousel

          A local agent can set up tours, give advice and negotiate with sellers.

          A local lender can help you make sure your offer is ready when you are.

          Browse local experts

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Tallahassee Topics

                Search
                Updates
                Favorites
                Plan
                Inbox