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Troy Multifamily Investment Opportunity
For Sale
$750,000

204 Corman Avenue, Troy, AL 36081

MULTI_FAMILY - TROY, AL

Property SizeContact for details
Lot Size2.80 Acres
Days on Market501

Property Features for 204 Corman Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 18
Bathrooms 9
Full bathrooms 9
Rooms Bathroom 6, Bathroom 5, Bathroom 8, Bathroom 9, Bedroom 3, Bedroom 18, Bedroom 8, Bedroom 7, Bedroom 13, Bedroom 16, Bathroom 3, Bedroom 5, Bedroom 9, Bedroom 11, Bedroom 17, Bedroom 2, Bedroom 6, Bathroom 4, Bedroom 10, Bedroom 1, Bedroom 12, Bedroom 4, Bathroom 7, Bedroom 15, Bathroom 2, Bathroom 1, Bedroom 14
Subdivision Troy
Standard status Active
Lot size 2.80 Acres

Taxes and HOA fees

Tax Description 7 Single family houses located on R2 zoned land. There is approximately 2.8 acres on 5 parcels. 6 houses are occupied by tenants. 1 house needs a new roof and other repairs. Great investment opportunity. 204, 206, 208, 210, 212 Corman and 110 and 112 A Street.
Legal Description 7 Single family houses located on R2 zoned land. There is approximately 2.8 acres on 5 parcels. 6 houses are occupied by tenants. 1 house needs a new roof and other repairs. Great investment opportunity. 204, 206, 208, 210, 212 Corman and 110 and 112 A Street.

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air, Electric
Water source Public

Building Details

Floors in Building 1
Number of units 7
Roof type Asphalt
Listing Agency: BlueKey Properties
Listed By: Allen Renfroe
Added: Apr 18, 2025 Changed: Aug 3 Last Checked: Aug 31 at 6:06PM
MLS# 27625

Copyright © 2026 Pike County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property is located in Troy, Alabama. The property, situated on 2.8 acres, is intended for use as an apartment building or residential income property.

Key Highlights

  • Extensive number of bedrooms (18)
  • Numerous bathrooms (10)
  • Central air conditioning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Auto Repair Shop Electrical Service Building Supply Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

481
Businesses Nearby

Demographics for 36081, AL

15,513
Population
7,398
Households
2.1
Avg Household Size
30
Median Age
32%
College-Educated
91%
High-School Grad
209.5 sq mi
ZIP Area
74
Density / Sq Mi
$42,005
Median Household Income
$26,190
Median Earnings
$833
Median Rent
$182,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property for sale in Troy, Alabama.
Where is this apartment building located?
The property is located at 204 Corman Avenue Troy, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Extensive number of bedrooms (18); Numerous bathrooms (10); Central air conditioning
More about this property
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