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Andalusia, AL Apartment Buildings for Sale

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Red Level, AL Brewton, AL Florala, AL Dozier, AL Opp, AL Evergreen, AL Brantley, AL Mckenzie, AL
40-Unit Apartment Complex
Updated: Jan 27
40-Unit Apartment Complex

700 Village Square Drive, Andalusia, AL 36420

$449,900
5.00 AC lot
40 apartment units, each configured with 1 bedroom and 1 bathroom
5‑acre multifamily property at 700 Village Square Drive
9 standalone complexes plus an office
Living room, kitchen, and large closet space in each unit
Paved parking and onsite manager
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Well-Maintained 40-Unit Apartment Complex
Updated: Aug 19, 2025
Well-Maintained 40-Unit Apartment Complex

700 Village Square Dr, Andalusia, AL 36420

$449,900
40‑unit apartment complex in Andalusia, all units are 1 BR and 1 BA with living rooms and kitchens
Units include large closet space for added storage
Property includes 9 standalone complexes
On‑site amenities include an office and paved parking
On‑site manager reported; property described as well maintained
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Andalusia, AL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Updated 8-Unit Apartment Building
Updated 8-Unit Apartment Building

6665 Magnolia St, Milton, FL 32570

$1,294,900
0.55 AC lot

Eight renovated apartments offer two-bedroom layouts, assigned parking, and in-unit laundry equipment.

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6-Unit Apartment Building
6-Unit Apartment Building

6630 Applegate St, Milton, FL 32570

$594,900
0.44 AC lot

Multifamily property with a duplex and four additional one-bedroom apartments on a single parcel.

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Student Housing Community Near Troy
Student Housing Community Near Troy

826 S Three Notch Street, Troy, AL 36081

Contact for pricing
123,860 sqft

Purpose-built student housing community located one mile from Troy University.

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Troy Multifamily Investment Opportunity
Troy Multifamily Investment Opportunity

204 Corman Avenue, Troy, AL 36081

$750,000
2.80 AC lot

Multifamily property for sale in Troy, Alabama.

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Andalusia, AL Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Andalusia, AL on our real estate platform.

Sale prices for apartment complexes in Andalusia, AL average $449,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 20K
Population Growth (5Y) -0.1%
Median Household Income $56,786
College Educated 30.7%

High-Yield Neighborhoods for Investment

Identify Andalusia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
36420 $449.9K

Taxes & Financing

Tax Rate (average for all types) 3.64%
Property Tax per SF $59.28 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Covington County

New Delisted

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