Elevate on Cascades
410 West Van Buren Street, Tallahassee, FL 32301
SP Multifamily Group is pleased to present Elevate on Cascades, a 100-bed student housing asset in Tallahassee, FL, offering a compelling value-add opportunity within one of the market’s fastest-growing urban infill corridors.
Pedestrian to Florida State University and Florida A&M University, the property benefits from durable demand driven by a 55,000+ student population. Featuring bed/bath parity and covered parking, Elevate has demonstrated rent premium potential through renovations, with approximately one-third of units remaining in classic condition. In-place rents remain below nearby comparables, providing clear mark-to-market upside, while additional revenue can be captured through continued renovations and furnishing standardization. Positioned along the transforming FAMU Way corridor, Elevate offers investors a rare opportunity to acquire a scalable, path-of-growth asset with multiple layers of NOI upside.
Key features
- 55,000+ Students Within Direct Proximity of The Property Supported by Florida State University and Florida A&M University
- 66% Of Unit Interiors Have Been Renovated and Roofs Replaced in 2024
- Built in 2002, The Property Consists Entirely of 800 SF 2Bd/2Ba Units
- Direct Beneficiary of Collegetown's Outward Expansion and Rising Rent Ceiling
- Irreplaceable Location Within Tallahassee's Most Transformative Urban Infill Corridor
- Value-Add Opportunity to Increase NOI by 23% Through Continuation of Interior Renovations, Furnishing the Remaining Unfurnished Units, and Operational Shifts
Reach out to the broker for more info on lease terms and amenities
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Contacts
SP Multifamily Group, Marcus & Millichap
SP Multifamily Group, Marcus & Millichap
Building Details
- For Sale Contact for pricing
- Property Type Other
- Property Size 110,206.8 SF
- Units 50
- Date Updated Jun 22, 2026
Getting Around
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Walk Score ®
Somewhat Walkable (69) -
Transit Score ®
Some Transit (44) -
Bike Score ®
Very Bikeable (74)
Location
- City Tallahassee, FL
- Zip Code 32301
Points of Interest
Shell
0.32 miles
Clipper Creek
0.39 miles
ChargePoint
0.70 miles
Blink
0.75 miles
Tesla Supercharger
0.90 miles
Chevron
1.01 miles
Citgo
1.09 miles
Total Buy Store
1.39 miles
BP
1.47 miles
Kleman Plaza Parking Garage
0.52 miles
FSU Commuter Parking
0.75 miles
Palm Court Parking Lot
0.78 miles
Call Street Garage
0.84 miles
Lot 341
0.86 miles
West Pensacola Street Garage
0.91 miles
Traditions Way Garage
0.94 miles
South Circus
1.07 miles
Woodward Avenue Garage
1.15 miles
Enterprise
1.18 miles
Car Wash
1.29 miles
Wipe Me Down Car Wash
1.46 miles
Whistle Stop Car Wash
1.64 miles
Blue Water Car Wash
2.15 miles
Oasis Express Wash
2.71 miles
Oasis Express
3.53 miles
Water Works Car and Dog Wash
4.09 miles
Red Rapid Car Wash
4.13 miles
The Bark
0.20 miles
Kosta's Subs and Salads
0.23 miles
Hard Pop Cafe
0.23 miles
Nelson's Burger Bar
0.24 miles
Nefetari's Fine Cuisine and Spirits
0.25 miles
City Dogs Cafe
0.25 miles
Clean Eatz
0.25 miles
Smoothie Tower
0.26 miles
Madison's Scoop Parad Ice
0.26 miles
SoMo Walls
0.35 miles
Publix
0.40 miles
Piggly Wiggly
1.17 miles
Bealls
1.28 miles
Ross
1.40 miles
Community Co-op Market
1.41 miles
Winn-Dixie
1.67 miles
Marshalls
1.74 miles
JCPenney
1.88 miles
Economy Drug Store
0.93 miles
Tallahassee Central Fire Station
0.95 miles
DaVita
1.06 miles
Walgreens
1.46 miles
Care Rx Pharmacy
1.74 miles
Tallahassee Fire Station 3
1.78 miles
Patients First
1.82 miles
Stewart's Pharmacy and Wellness Store
1.83 miles
Tallahassee Police Department
1.86 miles
410 West Van Buren Street Listing Summary
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What is the asking price at Elevate on Cascades?
The asking price for Elevate on Cascades is currently available on demand. Contact the listing broker for details.
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What is the total size of Elevate on Cascades?
Elevate on Cascades has a total of 2.53 square feet.
