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/sqftListing removed
Apr 29, 2026
$372,500
$173/sqftPrice 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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