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    2005 Morgan Ave SW Decatur, AL 35601

    For Sale
    $700,000

    Multi Family - Decatur, AL

    Type:Multi Family
    Days on Market:
    44
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 2005 Morgan Ave SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    APN
    02 07 36 1 002 033.000
    Parking
    12
    Parking features
    Off Street

    Building Details

    Year built
    1984
    Number of units
    6
    Architectural style
    Other

    Gateway AL Realty Group LLC (256) 429-9360

    Listing agent Len Johnson (256) 509-2078

    Listing date Oct 31, 2025

    MLS# 21866035 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

    Decatur Multi-Family Investment Opportunity

    This property in Decatur, Alabama, features a single-family residence and a 5-unit apartment building. The property is well maintained and includes recent renovations. An additional 4-unit property is available at another location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -87.008439
    Latitude
    34.574549

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    FAQs

    What type of property is this?
    Apartment building - Single-family home and 5-unit apartment building in Decatur, Alabama.
    Where is this apartment building located?
    The property is located at 2005 Morgan Ave SW Decatur, AL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Single-family residence and a 5-unit apartment building on one property.; - Excellent opportunity to begin a profitable real estate portfolio.; - Well-maintained property with recent renovations.
    (256) 509-2078
    Request Owner's contact information
    2005 Morgan Ave SW Decatur, AL 35601
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    Decatur, AL 35601
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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
    2005 Morgan Ave SW Decatur, AL 35601
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