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    251 1St St NE Lafayette, AL 36862

    For Sale
    $145,000

    Multi-Family (5+ Units) - LAFAYETTE, AL

    Property size:
    2,800 SF
    Lot size:
    2.06 Acres
    Days on Market:
    76
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 251 1St St NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Size
    2,800 SF
    Lot size
    2.06 Acres

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    5
    Building materials
    Block, Brick, Brick Veneer, Clapboard
    Architectural style
    Other

    FIRST REALTY PROPERTY MNGMNT (334) 887-3425

    Listing agent JESSICA STROUD (334) 887-3425

    Listing date Sep 22, 2025

    MLS# 176494 Listing URL

    Copyright © 2025 Lee County Association 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.

    Overview

    Multi-Family Investment Opportunity in LAFAYETTE

    This multi-family investment opportunity in LAFAYETTE, AL, features a package of properties on adjoining lots. The properties include a single-family home with 3 bedrooms and 1 bathroom, a duplex with two units each containing 2 bedrooms and 1 bathroom, and two garage apartments. The upper garage apartment has 1 bedroom and 1 bathroom, while the lower unit offers 3 bedrooms and 1 bathroom. The total property includes 5 units, 11 bedrooms, and 5 bathrooms. The lot size is 2.06 acres, and the property size is 2800 square feet. There is also land between the garage apartments and the home/duplex, providing additional value and future potential. This property is an income-producing opportunity.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Chambers
    State
    Alabama
    Longitude
    -85.399668
    Latitude
    32.904956

    Nearby Similar for Sale

    • $589,000
      2.71 Acres

      Lafayette Industrial Property - 2.71 Acres

      Historic B&B & Guest House on expansive lot.
      215-217 Lafayette St St, Lafayette, AL 36862
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multi-family property with five units, eleven bedrooms, and five bathrooms.
    Where is this apartment building located?
    The property is located at 251 1St St NE Lafayette, AL.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - Multi-family investment opportunity with 5 total units (single-family home, duplex, and two garage apartments).; - Potential for significant rental income with a total of 11 bedrooms and 5 bathrooms across all units.; - Includes adjoining lots, providing additional value and future development potential.
    (334) 887-3425
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    Lafayette, AL 36862
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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
    251 1St St NE Lafayette, AL 36862
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