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    201 8Th Ave SW Decatur, AL 35601

    For Sale
    $400,000

    Multi Family - Decatur, AL

    Type:Multi Family
    Days on Market:
    44
    Last Refresh:
    Dec 13 at 5:06 am

    Property Features for 201 8Th Ave SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    APN
    03 04 19 2 005 001.000
    Parking
    8
    Parking features
    Off Street

    Building Details

    Year built
    1986
    Number of units
    4
    Architectural style
    Other

    Gateway AL Realty Group LLC (256) 429-9360

    Listing agent Len Johnson (256) 509-2078

    Listing date Oct 31, 2025

    MLS# 21866038 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 Multifamily Property For Sale

    This multifamily property is located in Decatur, Alabama. The property consists of multiple units. Tenants are responsible for trash and electric utilities. The owner covers water/sewer, lawn care, and maintenance expenses. A new roof was installed in 2022. The units have been renovated with modern paint decor, new LED light fixtures, new brushed nickel door knobs and cabinet hardware. Some units feature granite countertops in the kitchen and bath, along with a new stainless kitchen appliance package. New flooring was installed in 2023 and 2024. An additional 6-unit property located at 2005 Morgan Avenue, Decatur, AL, is available for purchase for an additional $700,000. Rent rolls are available under documents. Please do not disturb tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage 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
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.998153
    Latitude
    34.603867

    Nearby Similar for Sale

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      Decatur Multi-Family Portfolio Opportunity

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      Decatur Warehouse in Finley Island

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      Decatur Multi-Family Portfolio Offering

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      1803 Graymont Ln, Decatur, AL 35603
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      Decatur Multi-Family Portfolio Opportunity

      Fourteen-unit portfolio in Decatur, Alabama, for sale.
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      View Details
    • $425,000
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      Decatur, AL Quadplex For Sale

      Quadplex located in Decatur, Alabama.
      1801 Graymont Ave, Decatur, AL 35603
      View Details

    FAQs

    What type of property is this?
    Quadplex - Multifamily property in Decatur, Alabama, with recent renovations.
    Where is this quadplex located?
    The property is located at 201 8Th Ave SW Decatur, AL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - New roof installed in 2022.; - Units renovated with updates and upgrades including modern paint, LED lighting, and brushed nickel hardware; some units feature granite countertops.; - New stainless kitchen appliance package in some units.
    (256) 509-2078
    Request Owner's contact information
    201 8Th 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
    201 8Th Ave SW Decatur, AL 35601
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