2407 Miranda Ave, Tallahassee, FL, 32304
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.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1963
Materials
- Foundation: Footing
- Roof: Shake / Shingle
Type & Style
- Home type: SingleFamily
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Range / Oven,Refrigerator,Washer
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Tile,Linoleum / Vinyl
Heating & Cooling
- Heating features: Forced air,Electric
- Cooling features: Central
Interior Area
- Total interior livable area: 2,154 sqft
Property
Details
- Parcel number: 212745H0130
Features
- Exterior features: Wood,Brick
Lot
- Lot size: 0.25 Acres
Parking
- Total spaces: 1
- Parking features: None,Garage
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 | $1,830 | $21,960 |
| Home Insurance * | $373 | $4,476 |
| Property Taxes | $588 | $7,056 |
| Electricity | $216 | $2,601 |
| Total | $3,007 | $36,084 |
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 | $362,000 |
| 2026-06-06 | Listed for sale | $372,000 |
| 2026-04-29 | Listing removed | $372,500 |
| 2026-01-08 | Price change | $372,500 |
| 2025-11-01 | Listed for sale | $382,500 |
| 2023-09-12 | Sold | $310,000 |
| 2023-07-20 | Contingent | $335,000 |
| 2022-12-02 | Listed for sale | $335,000 |
| 2020-08-01 | Listing removed | $2,300 |
| 2020-06-19 | Price change | $2,300 |
| 2020-04-30 | Listed for rent | $2,600 |
| 2018-04-07 | Listing removed | $2,175 |
| 2018-03-20 | Price change | $2,175 |
| 2018-03-07 | Listed for rent | $2,250 |
| 2011-11-18 | Listing removed | $175,000 |
| 2011-09-03 | Listed for sale | $175,000 |
| 2011-07-27 | Sold | $150,000 |
| 2011-07-05 | Price change | $165,000 |
| 2011-02-25 | Listed for sale | $175,000 |
| 2008-04-10 | Sold | $240,000 |
| 2006-11-07 | Sold | $208,000 |
| 2002-08-28 | Sold | $150,000 |
| 2001-07-26 | Sold | $25,000 |
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