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2731 S Blair Stone Rd
Tallahassee, FL 32301 Hilaman Park

$29,900,000 USD

Apartments For Sale • 123,758 SF

Property Details

Property Type Apartments
Total Building Size 123,758 SF
Lot Size 12.88 AC
Building Class C
Year Built 1972
Cap Rate 7.55 %
Zoning MR-1

30 Transit Score

40 Walk Score

                
                    Highlights
                
                                200 unit community with on-site office and extensive amenities!
                            
                                Strong market fundamentals - steady, sustainable population and rent growth in past 18 months
                            
                                Extensive capex performed in last 18 months, including all new roofs, railings, parking, and interior renovations throughout
                            
                                Less than 4 miles to Florida State University, 3 miles to State Capitol, 3.5 miles to Florida A&M University
                            
                                Tallahassee is known as a regional center of Science, At, and Education

Property Flyers

Arion Apartments Tallahassee REV-12

Financial Summary (Actual)

Net Operating Income: $2,256,800 USD (2025)

Cap Rate:

7.55 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Bullock Holdings Llc
Capital Solutions Business Llc
Cmc & Associates
Kinah, Inc
Nineteen 80 Apparel Llc
Residences at Whispering Pines

Amenities

Air Conditioning
Balcony
Clubhouse
Dishwasher
Disposal
Fitness Center
Picnic Area
Playground
Pool
Property Manager on Site
Tennis Court
Washer/Dryer
Basketball Court
Tile Floors

Public Transportation

Airport	Drive	Walk	Distance
Tallahassee International	18 min	-	8.2 mi

Russell Goldstein 561-503-3648 The Goldstein Group (MRG Associates, LLC)

2731 S Blair Stone Rd Tallahassee, FL 32301 Hilaman Park