Good Deal Based on an estimated value, which may not reflect the home's current market value.

2012 Sheridan RdTallahassee, FL 32303

$349,900

Est. $353,000

  • 2,092 sqft
  • 4 beds
  • 3 baths

About this home

  • Multiple bedrooms and bathrooms
  • Spacious floor plan

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.

Property history

  • Listed for sale

    Jun 5, 2026

    $349,900

    Down 4.0%$167/sqft
  • Listing removed

    Apr 29, 2026

    $365,000

    $174/sqft
  • Price change

    Jan 8, 2026

    $365,000

    Down 3.0%$174/sqft

Monthly payment estimate

$2,562/mo

Principal & interest
$1,938
Property tax
$519
Home insurance
$105

Down payment · $69,980

Estimate only, using local tax and insurance figures. Your actual payment depends on your lender. Starting rate: Freddie Mac's 30-year fixed average, week of Oct 15.

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Map showing 2012 Sheridan Rd Tallahassee, FL 32303

Home values in 32303

in 2025
+3.6%
over 5 years
+47.6%

FHFA House Price Index for the ZIP code through 2025: past prices across the area, not a value for this home or a forecast.

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