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

2407 Miranda AveTallahassee, FL 32304

$372,000

Est. $359,600

  • 2,154 sqft
  • 5 beds
  • 3 baths

About this home

Located in one of Tallahassee’s consistently high-demand rental corridors, 2407 Miranda Avenue presents an exceptional opportunity for investors seeking immediate income and long-term upside. The property features a spacious layout with multiple bedrooms and bathrooms, designed to accommodate strong rental demand driven by students, graduate tenants, and workforce housing needs.

The property is currently leased with tenants paying $3,250 per month through September 30, 2026, offering investors immediate cash flow and near-term lease security in a proven rental submarket.

Positioned just minutes from Florida State University, Florida A&M University, downtown Tallahassee, major employers, shopping, dining, and transit routes, the location supports consistent tenant demand and strong long-term rent growth fundamentals.

The flexible floor plan provides ample living space and functionality, making it well-suited for shared housing strategies or continued long-term rental performance. The property’s setting within an established residential area further enhances its appeal to a wide tenant base.

Whether expanding an existing portfolio, completing a 1031 exchange, or acquiring a turnkey income-producing asset, 2407 Miranda Avenue offers a compelling combination of current cash flow, lease stability, and strategic location.

Property history

  • Listed for sale

    Jun 6, 2026

    $372,000

    $173/sqft
  • Listing removed

    Apr 29, 2026

    $372,500

    $173/sqft
  • Price change

    Jan 8, 2026

    $372,500

    Down 3.0%$173/sqft

Monthly payment estimate

$2,724/mo

Principal & interest
$2,061
Property tax
$552
Home insurance
$112

Down payment · $74,400

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 2407 Miranda Ave Tallahassee, FL 32304

Home values in 32304

in 2025
+10%
over 5 years
+66.4%

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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