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    215 Elmwood Ave Gadsden, AL 35901

    For Sale
    $444,000

    Multi Family - Gadsden, AL

    Type:Multi Family
    Lot size:
    1.00 Acre
    Days on Market:
    45
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 215 Elmwood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Parking
    15
    Parking features
    Driveway, Parking Lot
    Lot size
    1.00 Acre

    Building Details

    Number of units
    7
    Architectural style
    Other

    Impact Realty, LLC (256) 504-5634

    Listing agent Mark Cassidy (256) 459-4001

    Listing date Oct 30, 2025

    MLS# 21897659 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

    Income-Producing Multi-Family Investment Opportunity

    This income-producing property presents an excellent investment opportunity, featuring three single-family rental homes and a fully occupied 4-plex. The property is situated on a commercially zoned parcel in a prime, high-visibility location. Each of the three rental homes includes central heat and air. The 4-plex comprises three 1-bedroom, 1-bathroom units and one 2-bedroom, 1.5-bathroom unit. Currently, the property generates a solid rent roll of $3,125 per month and is 100% occupied by long-term tenants. The property is strategically located just behind Cookout, Doctors Care, and Murphy's gas station. The lot size is 1 acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -85.990253
    Latitude
    34.00853

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    FAQs

    What type of property is this?
    Multifamily property - Fully occupied multi-family property with strong rental income.
    Where is this multifamily property located?
    The property is located at 215 Elmwood Ave Gadsden, AL.
    What is the asking price?
    The asking price for this property is $444,000.
    What are key features of this property?
    This property features: - Income-producing property with a solid rent roll of $3,125/month.; - 100% occupied with long-term tenants.; - Commercially zoned parcel in a prime, high-visibility location.
    (256) 459-4001
    Request Owner's contact information
    215 Elmwood Ave Gadsden, AL 35901
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    Gadsden, AL 35901
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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
    215 Elmwood Ave Gadsden, AL 35901
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