$9,441 Closing Credit¹
#382486, Listing Office: Roberts & Co. Real Estate Svcs
$325,000 List price
503 Terrace St Tallahassee, FL 32308
$3,859
Closing credit¹
Multi-Family
Property details
About 503 Terrace St
Located on a spacious double corner lot in the heart of Old Town, this traditional duplex offers endless potential, ideally located just minutes from downtown, FSU, and TMH and only steps from Midtown. Each unit features 2 bedrooms, 1 bathroom, and approximately 896 sq ft of living space. One side has been fully renovated with new flooring, cabinets, appliances, fixtures, and a beautifully updated kitchen & bathrooms. Enjoy the fresh screened porch and a rare detached two-car garage. Currently owner-occupied on one side with a tenant on the other, making this an ideal investment property or house-hack opportunity. Whether you're looking for short-term rental income, long-term tenants, or dual occupancy, this versatile property delivers. Prime location in one of Tallahassee’s most desirable neighborhoods — don't miss out on this unique offering!
Highlights
Home typeMulti Family
HeatingCentral, Electric
StatusAccepting Backup Offers
(Contingent)
(Contingent)
CoolingCentral Air, Ceiling Fan(s), Electric
Year built1954
MLS #384445
Summary
- MLS Number: 384445
- MLS Name: Tallahassee
- Office Name: Armor Realty, Inc
- Office Phone: (850) 893-2525
- Office Email: mark@armorrealty.com
© 2025 Tallahassee Board of REALTORS®, Inc. All rights reserved.
The data relating to real estate on this web site comes in part from the IDX Program of the Tallahassee Board of REALTORS®, Inc. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm information before relying on it for a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/23/2025, 2:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$325,000
503 Terrace St
$3,859
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 24, 2019 | Home Sold | $204,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $288,869 | $4,057 |
| 2022 | $245,276 | $3,804 |
| 2021 | $220,368 | $3,804 |
| 2020 | $173,794 | $3,417 |
| 2019 | $181,477 | $3,468 |
| 2018 | $176,307 | $3,401 |
| 2017 | $174,618 | $3,409 |
History based on county public records data.
Nearby schools
6
Kate Sullivan Elementary School
Public District PK-5
0.5 mi
•927 Miccosukee Rd
3
Hartsfield Elementary School
Public District PK-5
1.3 mi
•1414 Chowkeebin Nene
3
Ruediger Elementary School
Public District PK-5
1.6 mi
•526 W 10th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,423. The majority of Tallahassee, FL residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
37%
<35k
49%
35k-100k
8%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
9%
Single, with Kids
22%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
29%
18-34 yrs old
41%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Yoga/pilates
Hiking/backpacking
Where do the neighbors shop?
Chico's
H&M
Nordstrom Rack
Where do the neighbors go to eat?
Boston Market
Dominos Pizza
Chipotle
What do the neighbors drive?
Volvo
Audi
Mazda
What do the neighbors listen to?
Talk/Personality
Alternative
Rock
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 503 Terrace St in Tallahassee, FL and zip code 32308 in the Old Town neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 11, 2025 and is currently priced at $325,000.
In March 2025, from all listings sold in Tallahassee, FL there were more than 62 sold above asking price, over 104 sold below and more than 70 were sold right at the asked price. The inventory of homes for sale in Tallahassee, FL between February and March 2025 increased by 23.8%. In March 2025, listings were on the market for 62 days. During the same period, the median list price in this real estate market was $306,852.
From Rocket Homes Real Estate and based on county public records data.