Tallahassee Block Rental Near FAMU

This Tallahassee block home has 3 bedrooms, 1 bathroom, 1,106 sq. ft., an 8,276 sq. ft. lot, and an asking price of $65,000. It sits near FAMU, FSU, downtown, and the Providence/Bond rental pocket. The roof has no reported leaks, central A/C works, and seller reports electrical and plumbing are good. The house is dated and needs a cosmetic turn, but the block construction, working majors, and low entry price make it a clean rental or resale play.

Repairs Needed

• Interior paint and cleanup
• Flooring/carpet replacement
• Kitchen
• Bathroom
• Ceiling/wall stain repairs where needed
• Fixtures, fans, trim, and door updates
• Exterior cleanup and curb appeal
• Confirm roof, HVAC, electrical, and plumbing life span remaining

Comparable Sales

1. 1820 Keith St, Tallahassee, FL 32310 | 3/1 | 975 SF | Closed May 12, 2026 | $140,000 | $144/SF | 0.53 mi – Closest clean 3/1 size comp from the CMA. Smaller than the subject, but useful support for a finished resale in the immediate area.
2. 2034 Hillsborough St, Tallahassee, FL 32310 | 3/1 | 888 SF | Closed Mar 2, 2026 | $140,000 | $158/SF | 0.06 mi – Very close updated 3/1 with new kitchen cabinets/counters, appliances, flooring, and interior/exterior paint. Strong finished-condition support, though smaller than the subject.
3. 2014 Keith St, Tallahassee, FL 32310 | 2/1 | 706 SF | Closed Dec 30, 2025 | $137,500 | $195/SF | 0.47 mi – Smaller 2/1, but the high price per foot supports demand for renovated small homes nearby. Not a perfect comp because the subject is larger and has 3 bedrooms.
4. 2031 Holmes St, Tallahassee, FL 32310 | 2/1 | 737 SF | Closed Oct 10, 2025 | $107,500 | $146/SF | 0.11 mi – Same-street support and useful lower comp. Smaller and only 2 bedrooms, so it should not cap the subject after a clean renovation.
5. 1222 Hutchinson St, Tallahassee, FL 32310 | 3/1 | 864 SF | Closed Oct 1, 2025 | $92,000 | $106/SF | 0.05 mi – Very close 3/1 investor-special sale. Lower condition support and useful as a floor, not the finished ARV target.
6. 1631 McCaskill Ave, Tallahassee, FL 32310 | 2/1 | 946 SF | Closed Jan 7, 2026 | $95,368 | $101/SF | 0.42 mi – Lower-end 2/1 comp from the CMA. Larger than some of the other 2-bedroom sales, but inferior to the subject because of bedroom count and lower resale profile.

ARV & Rental Analysis

Realistic ARV range should be $150,000 to $160,000 +/-

Estimated rent: $1,150 to $1,300/month +/-