Investor Alert or A Spacious Townhome for Everyday Living! Townhouse is currently a Turnkey Airbnb near Tallahassee’s Major Universities! Welcome to 1400 Ocala Road, Apt. 5. This property is a fully furnished 4 bedroom, 2.5 bath townhome. It’s perfectly positioned just minutes from Florida State University, Tallahassee State College, and Florida A & M University. This income producing property is an investor’s dream, offering immediate cash flow potential with existing Airbnb reservations already secured throughout football season and beyond. Whether you’re looking to expand your short-term rental portfolio, secure housing for students, or everyday living this turnkey opportunity checks every box. The spacious layout features four bedrooms, two and a half bathrooms, and all furnishings included. This townhouse makes for a seamless transition from closing day to hosting. Its prime location provides easy access to campus events, downtown Tallahassee, restaurants, shopping, and major roadways, making it a highly desirable destination year round.
TownhomeProperty Type
1973Year Built
4,356 sq ftLot Size
$146Price/Sq.Ft.
1 spaceParking
Listed by Alicia Murphy• Keller Williams Town & Country
Bought with Non Member• Tallahassee Board of REALTORS®
Est. $1,682 per month, based on comparable rentals
Sale and tax history for 1140 Ocala Rd #5
Sale History
Tax History
Date
Event
Price
Public Records
Jul 31, 2026
Sold
$240,000
$140/sq ft
CATRS #401494
Jul 29, 2026
Sold
$249,000
$146/sq ft
Jul 2, 2026
Contingent
—
Jun 20, 2026
Listed
$240,000
$140/sq ft
CATRS #372771
Sep 23, 2024
Listing Removed
—
Jul 27, 2024
Price Changed
$240,000
$140/sq ft
Jun 17, 2024
Price Changed
$248,000
$145/sq ft
May 29, 2024
Listed
$252,000
$147/sq ft
Public Records
Jan 25, 2021
Sold
$128,000
$75/sq ft
Public Records
May 12, 2005
Sold
$138,500
$81/sq ft
Public Records
May 11, 1999
Sold
$72,200
$42/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,207 (+10.4%)
2024
$2,906 (+9.5%)
2023
$2,653 (+15.7%)
2022
$2,294 (+17.2%)
$10,000 + $112,111
$122,111
2021
$1,957 (+8.2%)
$10,000 + $91,941
$101,941
2020
$1,809 (+8.3%)
$10,000 + $85,679
$95,679
2019
$1,670 (+4.3%)
$10,000 + $77,373
$87,373
2018
$1,602 (+2.4%)
$10,000 + $77,373
$87,373
2017
$1,564 (+4.6%)
$10,000 + $70,123
$80,123
2016
$1,495 (−2.6%)
$10,000 + $70,123
$80,123
2015
$1,535 (+3.0%)
$10,000 + $65,836
$75,836
2014
$1,490
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
4,356 Sq. Ft.
Year renovated
1973
Sq. Ft.
1,710
Year built
1973
Style
Townhouse
County
Leon County
APN
2127150000050
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 18, 2026.
MR-1
Medium Density Residential District
The MR-1 district is intended to be located in areas designated urban residential 2 or suburban on the future land use map of the comprehensive plan, in close proximity to more intensive non-residential uses, including commercial and office uses; and to residentially compatible public facilities such as schools, parks, and transit facilities. The MR-1 district is intended to achieve densities consistent with urban development, use of public transit, and efficient use of public infrastructure. Off-street parking facilities in the MR-1 district shall be located and designed to promote convenient access to pedestrian and mass transit facilities. The MR-1 district shall provide for a wide range of residential housing types. The maximum gross density allowed for new residential development in the MR-1 district is 20 dwelling units per acre, while the minimum gross density allowed is eight dwelling units per acre, unless constraints of concurrency or preservation and/or conservation features preclude the attainment of the minimum densities. Certain community and recreational facilities related to residential uses and day care centers are also permitted.