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Rare opportunity to own a distinctive income-producing property in the heart of Midtown! Offering multiple living arrangements and two existing rental income streams, 1501 Grape Street provides exceptional flexibility for investors or owner-occupants seeking supplemental income. The main residence features inviting living areas, a kitchen, two primary suites (one downstairs and one upstairs), and an office. A separately accessed guest suite with its own bathroom is currently used for short-term rentals, while an independent upstairs 2-bedroom, 2-bathroom apartment offers its own kitchen, living area, private entrance, and porch and is currently used as a long-term rental. Originally built in 1942 and rebuilt in the 1990s while retaining the original foundation, fireplace, and two walls, this property offers architectural character rarely found in traditional investment properties. Beautiful wood floors, abundant natural light, creative design elements, and exceptionally clever storage throughout add to its unique appeal. A welcoming front screened porch, three screened porches in total, and a lush, beautifully landscaped yard provide attractive outdoor living spaces. Within walking distance of Whole Foods, 9th & Terrace Park, and Midtown's popular restaurants and shops, the location is equally appealing for homeowners and tenants. Live in the main residence while generating rental income or explore the property's many possibilities for extended family and investment use! Square footage is not correct on LCPA website - Square Footage is from recent appraiser's measurement. 1988 SF in Main Building. 752 SF in Second Floor 2/2 Rental.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1942
  • 9 days on Market

  • Year Built
    1942
  • Architectural Style
    Two Story
  • Construction Materials
    Fiber Cement
  • Interior Features
    Walk-In Closet(s)
  • Appliances
    Dryer, Microwave, Refrigerator, Washer, Range, Disposal
  • Flooring
    Tile, Carpet, Ceramic Tile, Wood, Clay
  • Exterior Features
    Storage
  • Patio And Porch
    Porch, Screened
  • Cooling
    Ceiling Fan(s), Gas
  • Heating
    Natural Gas, Wood


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Frequently Asked Questions

How do I schedule a tour of 1501 Grape St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1501 Grape St.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1501 Grape St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $655,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Tallahassee, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1501 Grape St?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 1501 Grape St at around $3,805. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1501 Grape St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Leon County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1501 Grape St?

In most cases, yes. Whether 1501 Grape St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Tallahassee's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1501 Grape St?

We can handle that for you. Our preferred local agent specializes in residential incomes in Tallahassee and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $655,000 with 2,740 sqft of space—that comes out to approximately $239 per square foot.

How long has this property been on the market?

1501 Grape St was listed on October 27, 2026, which means it's been on the market for 9 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1942, making it approximately 84 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Kate Sullivan Elementary
  • Middle: COBB
  • High: LEON

Want to see how these schools compare? Check out our Leon County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 1501 Grape St?

The most recent public record shows annual property taxes for 1501 Grape St were approximately $3,040. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 1501 Grape St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from a cooperative data exchange program of the Tallahassee Board of REALTORS®. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc are marked with the listing broker's logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Use of search facilities of data on the site, other than by a consumer looking to buy, sell or lease real estate, is prohibited. Copyright ©2026 Tallahassee Board of REALTORS®. All Rights Reserved.