2012 Sheridan Road presents an excellent opportunity to acquire a cash-flowing investment property in one of Tallahassee's most established rental markets. Featuring a spacious floor plan with multiple bedrooms and bathrooms, the property is well-positioned to serve the continued demand for student, workforce, and shared housing in the area.
The property is currently leased with tenants paying $3,250 per month through December 31, 2027, providing investors with immediate income and long-term lease security. With over 18 months of remaining term, buyers can benefit from predictable cash flow from day one of ownership.
Conveniently located near Florida State University, Florida A&M University, downtown Tallahassee, state offices, shopping, dining, and major transportation corridors, the property enjoys strong rental fundamentals driven by a diverse and growing tenant base.
Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a stable income-producing asset, 2012 Sheridan Road offers an attractive combination of current cash flow, lease security, and long-term investment potential.
For sale by owner
Price cut: $15K (8/24)
$324,900
2012 Sheridan Rd, Tallahassee, FL 32303
4beds
2,092sqft
SingleFamily
Built in 1950
0.39 Acres Lot
$-- Zestimate®
$155/sqft
$-- HOA
What's special
Multiple bedrooms and bathroomsSpacious floor plan
- 84 days
- 412
- 8
Listed by:
Property Owner (850) 491-3212
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Other
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Hardwood
- Basement: Partially finished
- Has fireplace: No
Interior area
- Total interior livable area: 2,092 sqft
Property
Parking
- Parking features: Off-street, Garage
Features
- Exterior features: Brick
Lot
- Size: 0.39 Acres
Details
- Parcel number: 212270B0200
Construction
Type & style
- Home type: SingleFamily
Materials
- Foundation: Footing
- Roof: Composition
Condition
- New construction: No
- Year built: 1950
Community & HOA
Location
- Region: Tallahassee
Financial & listing details
- Price per square foot: $155/sqft
- Tax assessed value: $242,005
- Annual tax amount: $4,252
- Date on market: 6/5/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,831/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Price change | $324,900-4.4%$155/sqft |
Source: Owner Report a problem | ||
| 7/16/2026 | Price change | $339,900-2.9%$162/sqft |
Source: Owner Report a problem | ||
| 6/5/2026 | Listed for sale | $349,900-4.1%$167/sqft |
Source: Owner Report a problem | ||
| 4/29/2026 | Listing removed | $365,000$174/sqft |
Source: | ||
| 1/8/2026 | Price change | $365,000-2.7%$174/sqft |
Source: | ||
| 12/1/2025 | Listed for sale | $375,000$179/sqft |
Source: | ||
| 11/3/2025 | Listing removed | $375,000$179/sqft |
Source: | ||
| 11/1/2025 | Listed for sale | $375,000+134.4%$179/sqft |
Source: | ||
| 9/12/2019 | Sold | $160,000-8.6%$76/sqft |
Source: | ||
| 7/24/2019 | Pending sale | $175,000$84/sqft |
Source: The Naumann Group Real Estate #307452 Report a problem | ||
| 6/11/2019 | Listed for sale | $175,000+44.6%$84/sqft |
Source: The Naumann Group Real Estate #307452 Report a problem | ||
| 6/4/2019 | Listing removed | $1,600$1/sqft |
Source: Owner Report a problem | ||
| 3/17/2019 | Listed for rent | $1,600$1/sqft |
Source: Owner Report a problem | ||
| 4/19/2016 | Listing removed | $1,600$1/sqft |
Source: Owner Report a problem | ||
| 2/22/2016 | Listed for rent | $1,600$1/sqft |
Source: Owner Report a problem | ||
| 8/2/2015 | Listing removed | $1,600$1/sqft |
Source: Owner Report a problem | ||
| 4/11/2015 | Price change | $1,600-1.5%$1/sqft |
Source: Owner Report a problem | ||
| 2/28/2015 | Listed for rent | $1,625$1/sqft |
Source: Owner Report a problem | ||
| 5/5/2004 | Sold | $121,000+42.4%$58/sqft |
Source: Public Record Report a problem | ||
| 6/28/2001 | Sold | $85,000$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,252 +8% | $213,410 +10% |
| 2024 | $3,938 +8.7% | $194,009 +10% |
| 2023 | $3,622 +13.1% | $176,372 +10% |
| 2022 | $3,203 +10% | $160,338 +10% |
| 2021 | $2,912 +9.6% | $145,762 +3.8% |
| 2020 | $2,656 +3.1% | $140,491 +4.2% |
| 2019 | $2,577 | $134,819 +4.2% |
| 2018 | $2,577 +3.2% | $129,412 +6.9% |
| 2017 | $2,497 +8.1% | $121,068 +1.5% |
| 2016 | $2,309 | $119,276 +4.1% |
| 2015 | $2,309 | $114,615 -1% |
| 2014 | $2,309 | $115,824 +3.8% |
| 2013 | -- | $111,567 +12.5% |
| 2012 | -- | $99,139 -11.7% |
| 2011 | -- | $112,252 -3.4% |
| 2010 | -- | $116,194 +0.2% |
| 2009 | -- | $116,005 |
| 2008 | -- | -- |
| 2007 | -- | $124,680 +2.7% |
| 2006 | -- | $121,389 +24.7% |
| 2005 | -- | $97,379 |
| 2004 | -- | $97,379 +11.1% |
| 2003 | -- | $87,622 +15.2% |
| 2002 | -- | $76,068 +3.1% |
| 2001 | -- | $73,804 0% |
| 2000 | $950 | $73,805 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32303
Nearby schools
Schools provided by the listing agent
- Elementary: ASTORIA PARK
- Middle: GRIFFIN
- High: GODBY
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




