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Tenant-Occupied Duplex Property
For Sale
$99,900

1139 3rd Avenue, Gadsden, AL 35901

Residential Income, Gadsden, AL

Property Size2,235 SF
Lot Size0.20 Acres
Price / SF$44.70
Days on Market151

Property Features for 1139 3rd Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Parking 2
Parking features On Street
Appliances Electric Water Heater, Oven, W/D Hookup
Subdivision Gadsden Land & Imprmnt Co
Elementary school W.E. Striplin
Middle school Gadsden
High school Gadsden City High
Directions Rainbow Drive, L On S 4th Street, L On Walnut Street, R On S 11th, L On 3rd Ave, Destination On Your Right
Standard status Active
APN 1503054000344000
Size 2,235 SF
Lot size 0.20 Acres

Utilities

Sewer type Public Sewer
Heating system Varies by Unit (Heating), Electric (Heating), Central
Cooling system Central Air
Water source Public

Building Details

Year built 1940
Number of units 2
Listing Agency: Impact Realty, LLC
Listed By: Katie McKenzie · License #105125
Added: Apr 4 Changed: Aug 27 Last Checked: Sep 1 at 5:06PM
MLS# 21914179

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Investment Insights

Based on property information with market context.

This tenant-occupied duplex contains 2,235 square feet on a 0.2-acre lot. Each unit includes 1 bedroom and 1 bathroom, creating a straightforward two-unit residential configuration. The property was built in 1940 and includes an oven, electric water heater, and washer/dryer hookups. Heating varies by unit and includes electric and central systems, while central air serves the property.

Located in downtown Gadsden, the property is near shopping and dining. Public water and public sewer serve the site, and parking is available on the street. The address is 1139 3rd Avenue, Gadsden, AL 35901.

Key Highlights

  • Tenant‑occupied duplex with 2 units, each offering 1 bedroom and 1 bathroom
  • 2,235 square feet on a 0.2‑acre lot
  • Built in 1940

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store Catering Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

840
Businesses Nearby

Demographics for 35901, AL

18,671
Population
9,075
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
59.2 sq mi
ZIP Area
315
Density / Sq Mi
$47,826
Median Household Income
$30,212
Median Earnings
$747
Median Rent
$174,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer a compact rental configuration near downtown Gadsden with public utilities and on-street parking.
Where is this duplex located?
The property is located at 1139 3rd Avenue Gadsden, AL.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Tenant‑occupied duplex with 2 units, each offering 1 bedroom and 1 bathroom; 2,235 square feet on a 0.2‑acre lot; Built in 1940
More about this property
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