Townhome-Style Apartment
For Sale
Contact for pricing
Pending
2402 Gaslight Pl SW, Decatur, AL 35603
Portfolio of 44 townhome-style apartments across eight buildings, with most units completely renovated.
Days on Market111
Property Features for 2402 Gaslight Pl SW
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
44
Listing Agency:
SVN | AVAT Realty, LLC
(256) 476-0134
Listed By:
Paul McDonald · License #AL
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 30 at 6:31AM
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 SVN | AVAT Realty, LLC
Investment Insights
Based on property information with market context.
Gaslight Place Townhomes is a portfolio of 44 townhome-style apartments across eight buildings in Decatur, AL. The majority of the units have been completely renovated, supporting a modern, well-maintained tenant-ready product.
The property is positioned within the broader retail draw of Decatur Mall, which lists big-name retailers including Belk, Hibbett Sports, and GNC. The surrounding rental market is described as having more than 50% of Decatur’s population living as renters.
For investors seeking multifamily exposure through a multi-building townhome configuration, this portfolio combines renovation progress with a concentrated rental housing setup across eight separate buildings.
The property is positioned within the broader retail draw of Decatur Mall, which lists big-name retailers including Belk, Hibbett Sports, and GNC. The surrounding rental market is described as having more than 50% of Decatur’s population living as renters.
For investors seeking multifamily exposure through a multi-building townhome configuration, this portfolio combines renovation progress with a concentrated rental housing setup across eight separate buildings.
Key Highlights
- Portfolio of 44 townhome‑style apartment units across 8 buildings in Decatur, AL
- Most units have been completely renovated
- Decatur market noted as having more than 50% renters, supporting rental demand
Property Analytics
Current Use
Lease Details
44
Residential units
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 35603, AL
32,380
Population
14,509
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
456
Density / Sq Mi
$78,237
Median Household Income
$47,458
Median Earnings
$857
Median Rent
$235,600
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?
Apartment building - Portfolio of 44 townhome-style apartments across eight buildings, with most units completely renovated.
Where is this apartment building located?
The property is located at 2402 Gaslight Pl SW Decatur, AL.
What are key features of this property?
This property features: Portfolio of 44 townhome‑style apartment units across 8 buildings in Decatur, AL; Most units have been completely renovated; Decatur market noted as having more than 50% renters, supporting rental demand
