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    Parker Dr Midland City, AL 36350

    Pending
    For Sale
    $600,000

    11+ Units - Midland City, AL

    Property size:
    24,000 SF
    Days on Market:
    53
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for Parker Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    1
    APN
    261506134016001.000
    Parking features
    None
    Appliances
    Range, Refrigerator
    Size
    24,000 SF

    Building Details

    Year built
    1970
    Floors in Building
    1
    Flooring type
    Other, Vinyl
    Building materials
    Other
    Architectural style
    Other

    James Bowman Realty Inc. (334) 794-7211 [email protected]

    Listing agent Dwayne Bowman (334) 794-7211

    Listing date Oct 22, 2025

    MLS# 205628 Listing URL

    Copyright © 2025 Dothan 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

    Midland City Multifamily Investment Opportunity

    This multifamily property in Midland City, Alabama, features a total of 20 units. Constructed in 1970, the complex includes twelve 3-bedroom, 1-bath units and eight 4-bedroom, 1-bath units. The property is currently tenant-occupied and offers an investment opportunity in a residential income property. The building has a total area of 24000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Midland City
    County
    Dale
    State
    Alabama
    Longitude
    -85.4884457
    Latitude
    31.3191117

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    FAQs

    What type of property is this?
    Apartment building - 20-unit apartment complex in Midland City, Alabama, built in 1970.
    Where is this apartment building located?
    The property is located at Parker Dr Midland City, AL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - 20 total units provide immediate rental income.; - Attractive mix of 3-bedroom and 4-bedroom units caters to diverse tenant needs.; - All units are currently tenant occupied.
    (334) 794-7211
    Request Owner's contact information
    Parker Dr Midland City, AL 36350
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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
    Parker Dr Midland City, AL 36350
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