38-Unit Apartment
For Sale
$2,105,000
107 Bailey Street, Rainbow City, AL 35906
38-unit apartment complex with 31 two-bedroom units and 7 one-bedroom units in Rainbow City.
Days on Market19
Property Features for 107 Bailey Street
General Information
Standard status
Active
Property subtype
Residential Income
Units
Unit Mix
31 x 2BR/1.5BA, 7 x 1BR/1BA
Multifamily Units
38
Additional Details
Highway Access
Yes
Listing Agency:
Era King Real Estate
(256) 339-5857
Listed By:
Shasta Quick
(256) 339-5857
Source:
Exprealty
Added: Jul 14
Changed: Jul 31
Last Checked: Jul 31 at 4:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Era King Real Estate
Investment Insights
Based on property information with market context.
This well-maintained 38-unit apartment complex offers a unit mix of 31 two-bedroom units with 1½ baths and 7 one-bedroom units with 1 bath. The property is presented as an income-producing multifamily investment.
The complex is located at 107 Bailey Street in Rainbow City, AL 35906, in the Gadsden and Etowah County area. It is described as being just minutes from shopping and schools, with major interstate access nearby.
The provided information emphasizes the existing unit mix and maintenance, supported by a history of occupancy and rental income.
The complex is located at 107 Bailey Street in Rainbow City, AL 35906, in the Gadsden and Etowah County area. It is described as being just minutes from shopping and schools, with major interstate access nearby.
The provided information emphasizes the existing unit mix and maintenance, supported by a history of occupancy and rental income.
Key Highlights
- 38 units total: 31 two‑bedroom units with 1½ baths and 7 one‑bedroom units with 1 bath
- Well‑maintained multifamily property
- Location: 107 Bailey Street, Rainbow City, AL 35906
Property Analytics
Current Use
Lease Details
38
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 35906, AL
10,444
Population
4,743
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
85%
High-School Grad
35.0 sq mi
ZIP Area
298
Density / Sq Mi
$58,896
Median Household Income
$41,701
Median Earnings
$998
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 38-unit apartment complex with 31 two-bedroom units and 7 one-bedroom units in Rainbow City.
Where is this apartment building located?
The property is located at 107 Bailey Street Rainbow City, AL.
What is the asking price?
The asking price for this property is $2,105,000.
What are key features of this property?
This property features: 38 units total: 31 two‑bedroom units with 1½ baths and 7 one‑bedroom units with 1 bath; Well‑maintained multifamily property; Location: 107 Bailey Street, Rainbow City, AL 35906
