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    409 2Nd St NW Fort Payne, AL 35967

    For Sale
    $435,000

    Apartment - Fort Payne, AL

    Type:Apartment
    Lot size:
    0.20 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 409 2Nd St NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Parking
    7
    Parking features
    Driveway, On Street, Parking Lot
    Lot size
    0.20 Acres

    Building Details

    Number of units
    5
    Architectural style
    Other

    Alabama Living Real Estate (256) 273-6289

    Listing agent Kelsie Patterson (256) 273-6289

    Listing date Dec 2, 2025

    MLS# 21904981 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

    Furnished Apartment Building in Fort Payne

    This fully furnished 5-unit apartment building presents an investment opportunity in historic Fort Payne, Alabama. The property includes a mix of monthly and nightly rental arrangements. Its location provides access to shops, dining, and local attractions. Situated on a 0.2-acre lot, this property is located in DEKALB County, with the postal code 35967.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office 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
    Fort Payne
    County
    DeKalb
    State
    Alabama
    Longitude
    -85.725855576
    Latitude
    34.444125206

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    FAQs

    What type of property is this?
    Apartment building - Fully furnished 5-unit apartment building in historic Fort Payne, Alabama.
    Where is this apartment building located?
    The property is located at 409 2Nd St NW Fort Payne, AL.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - Fully furnished 5-unit apartment building.; - Turnkey property with existing monthly and nightly rental arrangements.; - Exceptional investment opportunity.
    (256) 273-6289
    Request Owner's contact information
    409 2Nd St NW Fort Payne, AL 35967
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    Fort Payne, AL 35967
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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
    409 2Nd St NW Fort Payne, AL 35967
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