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    1201 Grand Ave NW Fort Payne, AL 35967

    For Sale
    $159,000

    Apartment - Fort Payne, AL

    Type:Apartment
    Lot size:
    0.13 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 1201 Grand Ave NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    APN
    2303054003050000
    Parking
    4
    Parking features
    Driveway
    Lot size
    0.13 Acres

    Building Details

    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    Alabama Lake Homes (256) 557-1365

    Listing agent Flavia Parker (256) 557-1365

    Listing date Nov 18, 2025

    MLS# 21904150 Listing URL

    Copyright © 2025 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fort Payne Income Property

    This property in Fort Payne, Alabama, presents an opportunity to expand a rental portfolio. The structure contains two apartments: Unit A, which features 2 bedrooms and 1 bathroom, and Unit B, which includes 1 bedroom and 1 bathroom. The lot size is 0.13 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Payne
    County
    DeKalb
    State
    Alabama
    Longitude
    -85.713342
    Latitude
    34.452288

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    FAQs

    What type of property is this?
    Duplex - Two-unit apartment building in Fort Payne, Alabama.
    Where is this duplex located?
    The property is located at 1201 Grand Ave NW Fort Payne, AL.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: - Two apartments offer income potential.; - Apartment A: **2 bedrooms, 1 bath.**; - Apartment B: 1 bedroom, 1 bath.
    (256) 557-1365
    Request Owner's contact information
    1201 Grand Ave NW Fort Payne, AL 35967
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    Fort Payne, AL 35967
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Grand Ave NW Fort Payne, AL 35967
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