This two unit (and possibly 3) investment opportunity is located in desirable Cloverdale/Idlewild. Built as a duplex in the 1930's, the two main units have updated kitchens and baths, new kitchen appliances, including gas range, built in microwave, dishwasher and refrigerator, and some new plumbing. New roof in 2024. Unit 1 has an enclosed front porch for additional living space, and unit 2 has a sunroom which could swing as a child's room/3rd bedroom if needed. Detached 2 car garage has efficiency studio apartment above for additional rental income that needs a little tlc.
Charming 1940's duplex on the corner of Girard and Magnolia. The large lot is located in the lovely walking neighborhood of Cloverdale, just 2 blocks from the Old Cloverdale Community Garden. Part of the Cloverdale Historic District. Hardwood floors and high ceilings throughout each unit. Not to mention each unit has new central heating and air, new kitchen appliances including refrigerators, built in microwaves, gas ranges and washer/dryers. ! New windows in one unit and newly refurbished windows in the other unit. Tenants are responsible for all utilities. This is a fantastic rental property, don't miss your chance to own this duplex.
This is quite an opportunity to own a unique property in a fabulous location! Directly across from Montgomery Country Club, this large triplex enjoys views of the golf course and lake. Each unit is large with at least 2,100 SF and 3 or 4 bedrooms, with a total building size of approximately 6,900 SF. There are 2 nice balconies, ample parking and the units could be bought mostly furnished. The rental possibilities are endless! Purchaser to verify school zones and square footage.
Great property for investors. This gem is located in the Normandale area in Montgomery, Alabama. Updated features. It will make a wonderful place for a small family. It features 2 Bedrooms 2 bathrooms located on the second floor plus a half-bath for guests on the first floor. Don't forget the enclosed patio convenient for outdoor activities and family gatherings .The Current tenant has leased for two years, making this a turnkey investment. Appointment only. Call your favorite Realtor to schedule your private tour!
Great investment opportunity! Both units are two-bedroom, two-full-bath units and are approximately 1190 sq ft each. One unit is rented, and the other was just completely renovated. The updated unit has new floors and fresh paint, so it's ready for the next tenant. Plus, the roof is new, installed a few years ago, so there are no worries about that for a while.
Discover a rare investment opportunity in Montgomery’s historic Garden District. Built in 1900 and fully renovated from top to bottom, this impressive 3-unit multifamily property pairs historic charm with modern performance. The sale also includes the adjacent vacant lot, already zoned for multifamily development, allowing for immediate expansion or future value-add growth. The property is being sold fully furnished, including all appliances, washers and dryers, and complete furniture packages in every unit, making this a turnkey, income-producing asset from day one. The building is currently cash flowing over $5,500 per month with stable traveling-nurse tenants in place, offering reliable occupancy and strong rental demand. Major system upgrades completed in 2023 include: -New plumbing drains, pipes, lines & water heaters -New electrical wiring and boxes -New HVAC systems -50-year metal roof -Custom countertops, tile work throughout -Stainless steel appliances in every unit -Fresh sheetrock and paint on every wall. The two upper units feature impressive 11-foot ceilings, abundant natural light, and spacious layouts. All kitchens have been modernized with butcher block countertops and updated appliances. Bathrooms were fully remodeled with custom showers and luxury fixtures. Each unit offers streaming-enabled TVs, dedicated work areas with high-speed internet, and in-unit washers and dryers. Additional features include: -Off-street parking behind the building -Private decks or enclosed porches in select units -Outdoor dining and relaxation spaces -A Murphy bed for flexible sleeping arrangements in one unit -Thoughtful bedroom placement for privacy among cohabiting guests Located minutes from Downtown Montgomery, Maxwell AFB, EJI, the Legacy Museum, MPAC, and major highways (I-65 & I-85), 229 Noble Avenue sits in a walkable, tree-lined neighborhood just steps from a beautiful public park.
Rare 4 Unit Investment Property in Historic Downtown Montgomery on Madison Ave! Proven AirBnb Performer, Currently leased at $12,000 per month! Opportunities like this don't come around often - located in the heart of historic downtown Montgomery, this fully renovated 4 Unit Apartment Building features (2) 1 BR/1BA units & (2) Efficiency units - convenient for Airbnb travelers, corporate stays, military students, extended guests or long term tenants! Updated kitchens, baths, flooring, mechanical systems and exterior! On site parking, security camera system, and secure coded entry for guests! Walking distance to downtown restaurants and attractions. Cash Flow from Day 1 - temporarily leased to a private party for $12k per month, and proven Airbnb income track record when lease ends. Turn-key investment and rental opportunity for someone looking for a multi-family property near the city attractions and major employers!
Opportunity knocks with this Multi Family Unit! While it does need great TLC and repairs, it's a fantastic investment opportunity. Located in a growing area, this property has great potential for equity growth. Perfect for investors who are ready to bring their vision to life. There is potential for rentals for students of Alabama State University or Huntingdon College. Property is being sold AS IS, WHERE IS.
INVESTORS DREAM!!! Great 22-unit apartment building with huge upside potential. 17 of 22 units have been fully renovated and have tenants in them. There remains five units to be remodeled. This is a great investment. All 1 Bedroom units are 900+ square feet and the 2 Bedroom apartments are 1000+ Sq/Ft with large patio/balconies. There is an incredible courtyard out back offering residents a place to rest and relax among nature. Two of the members of the company who owns the property are licensed Alabama and Georgia real estate agents There are three 1 bedroom 1 bath units, all have been renovated. There are fifteen 2 bedroom 1 bath units, all but three have been renovated. There are four 2 bedroom 2 bath units, all but two have been renovated. Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights. *** 2025 fire damaged 2 units not yet renovated & roof of one building*** ***Asbestos discovered in drywall / sheetrock joint compound in burned building*** ***Abatement estimates available upon receipt of POF*** ***VALUE ADD OPPORTUNITY*** -Due to the large unit sizes 900 & 1,000 square ft, an additional bedroom could be added. -5 units are left to be renovated -Below market rent based on the Montgomery Housing Authority last updates -1 Br up to $932 -2 Br up to $1108 -3 Br up to 1432 -Laundry facility & vending machine additions. -Add new roof. -Located in Opportunity Zone providing additional tax incentives.
Investment dream. 3 units in desirable Capitol Heights. 2, 1bedroom units and one 2 bedroom unit.
Prime Cloverdale Investment Opportunity and Prime LOCATION! This Classic Brick Two-Unit Multifamily Home sits in the heart of Historic Cloverdale, one of Montgomery’s most charming and sought-after neighborhoods. Each spacious apartment features Hardwood Floors, Central Heating and Air, a Water Heater, and Washer/Dryer hookups. New Roof in 2020. The units boast Large Living Rooms and Unit 3141 has a Dining Room. Both units provide comfortable layouts and timeless character. The property offers attic space for storage, large yard and ample off-street parking. This rental property is in-demand—vacancies rarely exceed 1.5 months! Current Gross Annual Income: $24,450 (based on current annual leases), Pro Forma Cap Rate over 6% (based on current market rents). This property is within walking distance to Cloverdale Road Park, several popular local restaurants and a short drive to Huntingdon College, ASU, State Capitol and Maxwell AFB. Whether you’re looking for a turnkey investment or envision converting this beauty into a single-family residence, opportunities like this don’t come along often!
This massive 10-bedroom, 5-bath duplex offers incredible potential and tons of space to work with. The exterior updates are already complete — including new siding, fresh paint, and the roof was replaced in 2021! The interior is ready for your vision, it will require a full rehabilitation and cosmetic updates. The property is divided into two separate units — one with 6 bedrooms and 3 baths downstairs, and another with 4 bedrooms and 2 baths upstairs — making it ideal for multi-family rental income or redevelopment. If you’re an investor or developer looking for a high-ROI project, this one has all the makings of a winner. Bring your creativity and turn this spacious property into something spectacular!
Come see this great opportunity for investors in the Garden District Area of Montgomery. This is a four unit Multi-Family plus a single bedroom detached cottage. The four-plex is a two story building. Each unit within the duplex is a two bedroom one bath unit with a living room and full kitchen. All units have washers and dryer connections which make them extremely attractive to prospective tenants. The cottage house is a single bed and single bath unit. This cottage is very desirable. It is priced to sell and won't last long. Call today to schedule a showing.
Great investment potential. 3 units, individually metered. Corner lot with dedicated off street parking.
CALLING ALL INVESTORS!!! This well-maintained duplex is perfectly positioned in the heart of Cloverdale—an ideal location for strong rental demand and long-term value growth. Each unit features hardwood flooring, updated kitchens, and spacious layouts that attract quality tenants and ensure minimal vacancy. The backyard has mature trees and offers an brick exterior storage building that is perfect for lawn equipment. Its close proximity to Huntingdon College makes it a highly desirable option for student housing, providing consistent rental income year after year. The location also provides easy access to both I-85 and I-65. Each unit has been rented for $1200 per month. The roof and all kitchen appliances are less than 3 years old. Looking for your own residence? No problem! Reside in one side and rent the other for extra monthly income! Whether you’re an experienced investor or expanding your portfolio, this turnkey duplex delivers reliable returns, low maintenance, and excellent appreciation potential. Opportunities like this in Cloverdale don’t last long—schedule a viewing today!
Great Investment Potential! Investors can convert to a duplex, rent by unit, or operate as short-term or mid- term housing. Conveniently located near Downtown Montgomery, Maxwell Air Force Base, and major employers, this property sits in an area experiencing steady appreciation. Spacious rooms, a convenient layout, private entrances and separate utilities. This property provides ample parking for up to 8 vehicles, making it perfect for multi-tenant occupancy.
This classic 4-unit apartment building in Montgomery, Alabama offers strong investment potential with plenty of room to add value. Each unit includes 1-2 bedrooms, a full bathroom, a living area, and kitchen space. While the property has not been recently updated, it has been maintained and is fully functional, providing an excellent opportunity for investors looking to renovate and increase rental income. Situated in an established neighborhood close to downtown Montgomery, local schools, shopping centers, and public transportation, this property offers consistent rental demand. All units are separately metered for electricity, and tenants enjoy off-street parking and a shared outdoor area. Ideal for investors or renovators seeking a multi-family property with upside potential. With some cosmetic and systems updates, this property could be repositioned for significantly higher returns. Don't miss this chance to invest in one of Montgomery’s steady rental markets with long-term growth opportunities.
Discover this well-maintained quadplex offering strong income potential in the heart of Montgomery. Currently 50% occupied with an application pending on a third unit at $675/month, this property provides an immediate return with additional upside as remaining units are leased. Unit A has been fully remodeled to an upper-level finish, presenting an excellent opportunity for a short-term rental or premium long-term tenant. Unit B features fresh interior paint with new flooring to be installed later this month. Each unit is separately metered and offers comfortable layouts suited for both long-term and short-term tenants. With continued rental demand in the area, this property stands out as an attractive addition to any investment portfolio. Conveniently located near downtown Montgomery, local employers, and public transportation, 3017 McQueen Street combines immediate cash flow with growth potential. Call your realtor today to schedule a showing.
Great brick 4-Plex close to downtown. Call to schedule viewing. Value add opportunity.
Investment Opportunity in Cloverdale! Just steps from Cloverdale’s beloved Vintage Year Café, this upgraded duplex is primed for your next investment. The owner has invested $31,315.38 in recent upgrades and repairs, making this property both appealing and turnkey. The downstairs unit offers 4 bedrooms and 2 baths with a strong rental potential of $1,200/month, while the upstairs unit features 3 bedrooms and 1 bath, estimated to rent for $800/month. Each unit is on split meters, allowing tenants to cover their own utilities. Additional highlights include: Brand new deck across the back of the home 2-car detached carport behind the property Fully fenced yard for privacy and security Whether you’re a seasoned investor or just starting to build your portfolio, this Cloverdale duplex is a smart move in one of Montgomery’s most desirable historic areas.
Check out this beautifully renovated 6 unit multi-family building situated just off Zelda Rd near I-85 CURRENTLY GENERATING $6-$7,000 per month as Short Term Rental! "The Teal House" features fully furnished studio apartments including full kitchens with appliances, tile bathrooms and luxury showers, refinished hardwood floors, new Mini-split AC systems, Common Laundry & Lobby area. High Speed Business Grade WiFi in the building as well. Many opportunities here - you could continue on Airbnb, you could lease the units either short term to military students, traveling nurses, etc or long term to tenants looking for an annual lease with all the utilities and furnishings included. Or how about a house hack where you live in 1 unit and make your payment by leasing the other 5? Tour this one soon and get ready to own a great investment property with unlimited potential and upside!
Great investment opportunity. All systems and condition unknown to seller. Seller has never lived in the property. Sold AS-IS, WHERE IS. No Seller concessions will be paid. No Contingencies accepted. CASH ONLY. Schools to be verified by purchaser. No tenant.
Rare multi-family lot in the heart of beautiful Cloverdale. Fronts on the historic Felder Ave and backs on Belmont St. Current zoning is R-60-M and allows for up to 24 units. Nearby apartment units rent from $1400 to $2600 per month! This will make for an awesome investment in the highly desired community of Cloverdale!
**Charming Historic Tri-Plex Investment Opportunity**Mortgage Monthly Payments range from $1269-$1696 depending on type of financing. Ask about interest rate buy down too! The HVAC at unit 1314 replaced 02/25/25. Water heater at unit 1314 was in 2024. Roof replaced April 2025. Discover an exceptional investment opportunity with this beautifully maintained tri-plex, ideally situated in a desirable neighborhood. This two-story property features elegant wood floors throughout, adding a touch of warmth and character to each unit. Unit 1314: This spacious unit boasts a welcoming den, a bright living room, and a dedicated dining area, perfect for entertaining. The completely updated kitchen features modern appliances and stunning finishes, making it a chef's dream. Enjoy the convenience of a washer and dryer hookup and step outside to relax on your private deck. Units 1316A&B: These cozy units shares inviting front and back decks, offering a communal outdoor space for relaxation and socializing. While it doesn’t include a washer and dryer hookup, it maximizes comfort and convenience with ample living space. Additional Features: - Central heating and air conditioning for year-round comfort. - Tenants are responsible for all utilities, yard maintenance, pest control, and air filter replacements, simplifying management for the owner. - Potential monthly income of $2,175, making this property a lucrative addition to your investment portfolio. Don’t miss this chance to own a charming tri-plex with strong rental potential. Schedule your viewing today and envision the possibilities!
Montgomery is located in Alabama. Montgomery, Alabama has a population of 201,022. Montgomery is less family-centric than the surrounding county with 22.55% of the households containing married families with children. The county average for households married with children is 23.51%.
The median household income in Montgomery, Alabama is $49,989. The median household income for the surrounding county is $52,511 compared to the national median of $69,021. The median age of people living in Montgomery is 36.1 years.
The average high temperature in July is 91.4 degrees, with an average low temperature in January of 35.2 degrees. The average rainfall is approximately 51.1 inches per year, with 0.2 inches of snow per year.
