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Andalusia, AL Apartment Buildings for Sale

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Red Level, AL Gantt, AL Brewton, AL Florala, AL Dozier, AL Opp, AL Evergreen, AL Brantley, AL
Well-Maintained 40-Unit Apartment Complex
Updated: Jan 27
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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Updated 76-Unit Apartment Community
Updated: Apr 11
Updated 76-Unit Apartment Community

1716 Antioch Rd, Andalusia, AL 36421

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76‑unit multifamily community in Andalusia, Alabama
Recent capital infusion totaling more than $11,000 per unit in recent years
All new metal roofs and patios, with nearly all units updated in recent years
Close proximity to U.S. Hwy 84, averaging 16,000 vehicles per day
Average organic rent increase of $110/month over prior classic rates, based on the most recent leases
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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.

Apartment Building on 3.17 Acres
Apartment Building on 3.17 Acres

E Troy Street, Brundidge, AL 36010

$649,900
3,404 sqft 3.17 AC lot

Existing apartment property with public water and sewer service, varied flooring, and asphalt and metal roofing.

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Student Housing Community Near Troy
Student Housing Community Near Troy

826 S Three Notch Street, Troy, AL 36081

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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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16-Unit Multifamily Investment Opportunity
16-Unit Multifamily Investment Opportunity

221 County Rd 3320, Brundidge, AL 36010

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Value-add multifamily property near Troy University in Pike County, 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 two-family homes 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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