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Rebuilt Duplex with Rear Outbuilding
For Sale
$625,000

115 Drake Avenue, Auburn, AL 36830

Residential Income, Auburn, AL

Property Size1,012 SF
Lot Size0.11 Acres
Price / SF$617.59
Days on Market48

Property Features for 115 Drake Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Directions From N College, turn on to Drake Ave and the house will be the second one on the left, look for the sign.
Standard status Active
Size 1,012 SF
Lot size 0.11 Acres

Utilities

Heating system Electric (Heating), Heat Pump (Heating)

Building Details

Year built 1955
Floors in Building 1
Flooring type Tile
Building materials Stucco, Stone
Roof type Asphalt
Additional Structures Guest House
Listing Agency: Your Sold Sold Guaranteed Realty-Local Experts
Listed By: Richard Hayley
Added: Jul 29 Changed: Sep 13 Last Checked: Sep 14 at 10:06PM
MLS# 11908954

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex contains two residential units with a detached rear outbuilding that adds separate storage or workshop space. The property was rebuilt down to the studs in 2020, including new plumbing, electrical systems, roofing, interior finishes, and exterior work. Tile flooring, stucco and stone construction materials, an asphalt roof, and electric heat pump systems are part of the current improvements.

Both units are leased, providing an existing rental configuration. The 1,012-square-foot property sits on a 0.11-acre lot at 115 Drake Avenue in Auburn, approximately one-half mile from Toomer's Corner. Originally built in 1955, the residence combines a duplex layout with substantial 2020 reconstruction and additional detached space.

Key Highlights

  • Duplex with both units currently leased
  • Rebuilt down to the studs in 2020
  • New plumbing, electrical, roof, interior, and exterior completed in 2020

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Skin Care Clinic Carpet & Flooring Store Furniture & Home Goods

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

933
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 leased units and a detached rear outbuilding support flexible residential income use.
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: Duplex with both units currently leased; Rebuilt down to the studs in 2020; New plumbing, electrical, roof, interior, and exterior completed in 2020
More about this property
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