Can you Replace an In Home Stereo System?

My House Was Built in Early 2000. Who Ever Built It had an In Home Radio/Tape Stereo System Put in, With Multiple Speakers in The Master Bedroom, Living Room, and Kitchen. (The Brand is Falcon? It has a Service Number but no website) The Tape Deck was broken when I moved in, but the radio Works Fine. My Question is, Can I replace it with a newer Model, If so Where Can I Find a Reasonably Priced one And What should I Buy?
 
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