ALTURA Student Living — Sale in Tallahassee, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Tallahassee, FL 32301

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Description

Marcus & Millichap invites qualified investors to review ALTURA Student Living, a 320-bed student housing asset located in Tallahassee, FL, catering to Florida A&M University. With major redevelopments completed in 2023 and seven roof replacements in 2025, an investor has the ability to focus on rental increases and operations instead of renovations. Investment Highlights: • In-place rents are ~26% below the comparable average, creating clear mark-to-market upside while maintaining an attainable position within the market. • Comprehensively redeveloped in 2023 with seven roofs replaced in 2025, ALTURA Student Living offers a modern physical product with limited near-term capital needs. • ALTURA Student Living combines 320 beds, fully upgraded interiors and a market-leading amenity package, creating a differentiated institutional-scale housing option for FAMU students • ALTURA benefits from Tallahassee's 55,000+ student population across FAMU and FSU, providing a deep, diversified renter base that supports long-term student housing demand

Market Context

This multifamily in Tallahassee, FL is listed for sale. Compare it against other multifamily listings for sale in Tallahassee, FL — view the full market.

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