2306 Delgado Dr, Tallahassee, FL, 32304
About This Home
Discover a rare investment opportunity in the highly sought-after San Luis Ridge neighborhood. Situated on a spacious 0.37-acre parcel, this expansive property offers approximately 3,756± square feet with seven bedrooms and three bathrooms, providing exceptional flexibility for investors, student housing operators, or buyers seeking strong rental income potential. Currently generating approximately $4,250 per month in rental income with a lease secured through May 2027, the property offers immediate cash flow and long-term stability. Its prime location near major universities, employment centers, shopping, dining, and recreation helps maintain consistent tenant demand year after year. Originally constructed in 1960, the home features spacious common areas, generously sized bedrooms, and a functional floor plan designed to accommodate multiple occupants comfortably. The property's large lot, ample parking, and proximity to San Luis Park further enhance its appeal to both tenants and future owner-occupants. Whether you're expanding an existing portfolio, executing a 1031 exchange, or seeking a turnkey rental asset in one of Tallahassee's most established rental corridors, 2306 Delgado Drive presents an outstanding opportunity to acquire a proven income-producing property with strong upside potential.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1960
Materials
- Foundation: Footing
- Roof: Shake / Shingle
Type & Style
- Home type: SingleFamily
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer
Basement
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Concrete,Hardwood,Laminate
Heating & Cooling
- Heating features: Heat pump,Electric
- Cooling features: Central
Interior Area
- Total interior livable area: 3,756 sqft
Property
Details
- Parcel number: 212745E0030
Features
- Exterior features: Brick
Lot
- Lot size: 0.37 Acres
Parking
- Total spaces: 2
- Parking features: Carport
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Tornado
- Hurricane
- Heat Wave
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Leon County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,300 | $27,600 |
| Home Insurance * | $469 | $5,628 |
| Property Taxes | $735 | $8,820 |
| Electricity | $377 | $4,535 |
| Total | $3,881 | $46,572 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-27 | Price change | $455,000 |
| 2026-06-06 | Listed for sale | $465,000 |
| 2026-04-29 | Listing removed | $465,000 |
| 2026-01-08 | Price change | $465,000 |
| 2025-11-03 | Listed for sale | $475,000 |
| 2024-04-30 | Sold | $425,000 |
| 2024-03-01 | Contingent | $430,000 |
| 2024-02-16 | Price change | $430,000 |
| 2024-02-02 | Listed for sale | $450,000 |
| 2017-02-24 | Sold | $157,500 |
| 2017-02-02 | Pending sale | $159,900 |
| 2016-12-30 | Price change | $159,900 |
| 2016-12-01 | Price change | $164,900 |
| 2016-11-04 | Price change | $169,900 |
| 2016-09-30 | Listed for sale | $179,900 |
| 2016-08-19 | Sold | $266,900 |
| 2015-06-18 | Listing removed | $149,000 |
| 2015-01-18 | Price change | $149,000 |
| 2014-12-14 | Price change | $155,000 |
| 2014-10-23 | Listed for sale | $159,000 |
| 2014-01-01 | Listing removed | $169,999 |
| 2013-11-23 | Listed for sale | $169,999 |
| 2013-09-07 | Pending sale | $169,999 |
| 2013-08-30 | Price change | $169,999 |
| 2013-07-26 | Price change | $185,000 |
| 2013-07-08 | Listed for sale | $195,000 |
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