Rebuilt Duplex with Detached
New
For Sale
$625,000
115 Drake Avenue, Auburn, AL 36830
Two leased units and a separate rear structure provide a flexible residential income property configuration.
Property Size1,012 SF
Price / SF$617.59
Days on Market5
Property Features for 115 Drake Avenue
General Information
Standard status
Active
Size
1,012 SF
Property subtype
Multi-Unit (2-4)
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
Guest House
Lot Size Acres: 0.11, Lot Size Square Feet: 1012
Asphalt Roof
Percentage of Tax that is Deductable: 0
Tile Floor
Has Central AC: 1
Pump Heating, Electric Heat Fuel
Kitchen
Sale, Sale Type: Foreclosure
Basement Type: Slab
2 Bedrooms
Residential Style: 2600, One Story, Built in 1955, Renovation Year: 2020
Property Zone Type: 100, Above Area Square Feet: 1012
2 Full Baths
Gym, Shed, General Outbuilding
Master Bedroom
Construction Type: Masonry - Concrete Block
Stucco Siding, Stone Siding
Oven, Dishwasher, Microwave, Washer, Dryer
Building Details
Year Built
1955
Year Renovated
2020
Buildings
1
Listing Agency:
Your Sold Sold Guaranteed Realty-Local Experts
(334) 750-4839
Listed By:
Richard Hayley
(334) 750-4839
Source:
Doyle-realty
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 5:25AM
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 Your Sold Sold Guaranteed Realty-Local Experts
Investment Insights
Based on property information with market context.
Located at 115 Drake Avenue in Auburn, Alabama, this duplex contains two currently leased units and a detached rear outbuilding. The additional structure provides on-site space that can accommodate storage or workshop use, as supported by the property layout.
Originally built in 1955, the property was rebuilt down to the studs in 2020. The renovation included new plumbing, electrical, roofing, interior finishes, and exterior improvements, creating a substantially updated asset while retaining its duplex configuration. Toomer’s Corner is approximately one-half mile away, placing the property near Downtown Auburn. Both units are leased, providing an existing rental setup for the next owner.
Originally built in 1955, the property was rebuilt down to the studs in 2020. The renovation included new plumbing, electrical, roofing, interior finishes, and exterior improvements, creating a substantially updated asset while retaining its duplex configuration. Toomer’s Corner is approximately one-half mile away, placing the property near Downtown Auburn. Both units are leased, providing an existing rental setup for the next owner.
Key Highlights
- Two‑unit duplex with both residences currently leased
- Comprehensively rebuilt down to the studs in 2020
- New plumbing, electrical, roof, interior, and exterior improvements
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 36830, AL
47,543
Population
23,146
Households
2.1
Avg Household Size
30
Median Age
63%
College-Educated
96%
High-School Grad
109.5 sq mi
ZIP Area
434
Density / Sq Mi
$63,761
Median Household Income
$37,414
Median Earnings
$1,033
Median Rent
$346,600
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?
Duplex - Two leased units and a separate rear structure provide a flexible residential income property configuration.
Where is this duplex located?
The property is located at 115 Drake Avenue Auburn, AL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently leased; Comprehensively rebuilt down to the studs in 2020; New plumbing, electrical, roof, interior, and exterior improvements
