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    201 Prospect Dr Decatur, AL 35601

    Sponsored
    For Sale
    $450,000

    Apartment - Decatur, AL

    Type:Apartment
    Lot size:
    0.16 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 9 at 12:06 pm

    Property Features for 201 Prospect Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    APN
    0304191027005.001
    Parking
    10
    Parking features
    Driveway, On Street
    Lot size
    0.16 Acres

    Building Details

    Number of units
    7
    Architectural style
    Other

    Avar Realty (256) 726-9096 [email protected]

    Listing agent Neil Victor (256) 457-2277

    Listing date Jan 8, 2026

    MLS# 21906930 Listing URL

    Copyright © 2026 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 Apartment Building For Sale

    Located in Decatur, Alabama, this multifamily property is suitable for use as a residential income property. The lot size is approximately 0.16 acres. The property is listed for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.98498
    Latitude
    34.598248

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Decatur, Alabama, ideal for residential income.
    Where is this apartment building located?
    The property is located at 201 Prospect Dr Decatur, AL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Parking: Driveway; - On Street Parking; - Location: -86.98498
    (256) 457-2277
    Request Owner's contact information
    201 Prospect Dr 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 Prospect Dr Decatur, AL 35601
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