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20-Unit Brick Multifamily Portfolio

1500 East North Street, Tuscumbia, AL 35674

For Sale
Contact for pricing

Six brick apartment buildings offer a varied unit mix across Tuscumbia and Muscle Shoals.

Property SizeContact for details
Days on Market15

Property Features for 1500 East North Street

General Information

Standard status Active
Net Rentable 18,700 SF
Property subtype Multifamily

Financials

Asking Price $1,900,000
Average Monthly Rent $706

Additional Details

Multifamily Units 20
Tenant in Place Yes

Building Details

Buildings 6
Construction all-brick
Listing Agency: Bill Poole Realty
Listed By: Jay Coshow · License #AL 000152041-1
Source: Crexi
Added: Oct 26 Changed: Nov 8 Last Checked: Nov 8 at 5:53PM

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 Bill Poole Realty

Rey
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Investment Insights

Based on property information with market context.

This multifamily portfolio comprises 20 units across six all-brick buildings: three fourplexes, two triplexes and one duplex. Constructed from 2002 to 2006, the properties contain 18,700 rentable square feet. Central air conditioning and electric water heaters serve the buildings, and tenants pay all utilities. Two buildings have roofs that are one year old; the other roofs are 4 to 10 years old.

The properties are located in Tuscumbia and Muscle Shoals, within a five-mile area of Colbert County. Shoals Hospital, Helen Keller Hospital and Northwest-Shoals Community College are within 3 miles, while the University of North Alabama is 7 miles away. A Walmart, Lowe’s and Rural King retail corridor is 2.3 miles from the properties.

Key Highlights

  • 20 units across six all‑brick buildings
  • Unit mix includes three fourplexes, two triplexes and one duplex
  • 18,700 rentable SF; buildings constructed from 2002 to 2006

Property Analytics

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

251
Businesses Nearby

Demographics for 35674, AL

19,536
Population
8,945
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
174.1 sq mi
ZIP Area
112
Density / Sq Mi
$56,960
Median Household Income
$39,288
Median Earnings
$768
Median Rent
$176,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Six brick apartment buildings offer a varied unit mix across Tuscumbia and Muscle Shoals.
Where is this multifamily property located?
The property is located at 1500 East North Street Tuscumbia, AL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 20 units across six all‑brick buildings; Unit mix includes three fourplexes, two triplexes and one duplex; 18,700 rentable SF; buildings constructed from 2002 to 2006
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