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5-Unit Apartment Property
New
For Sale
$585,000

156-A Dudley Lane, Owens Cross Roads, AL 35763

The property combines detached residences with a triplex and offers one- and two-bedroom floor plans.

Property Size104,544 SF
Lot Size2.40 Acres
Price / SF$5.60
Days on Market7

Property Features for 156-A Dudley Lane

General Information

Standard status Active
Size 104,544 SF
Lot size 2.40 Acres
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA (freestanding), 1 x 1BR/1BA, 2 x 2BR/1BA (triplex)
Multifamily Units 5

Additional Details

Utilities to Site Yes

Amenities

laundry room
in-unit washer/dryer

Building Details

Year Built 2002
Buildings 3
Listing Agency: Merithouse Realty
Listed By: Rob Abercrombie · License #78097
Source: Relocatetohuntsville
Added: Oct 2 Changed: Oct 7 Last Checked: Oct 7 at 12:43PM

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 Merithouse Realty

Investment Insights

Based on property information with market context.

Built in 2002, the property comprises five apartments across two freestanding homes and a triplex on 2.4 acres. Each detached home has two bedrooms and one bathroom. In the triplex, one apartment has one bedroom and one bathroom, while the other two have two bedrooms and one bathroom. A separate laundry room with a washer and dryer serves the freestanding homes; each triplex apartment has a washer-dryer combination unit.

All five apartments are occupied. The detached homes share a dedicated laundry area, and the triplex apartments have in-unit laundry equipment. The property is served by two utility meters, with tenants responsible for utilities. Recent improvements include five new front porches, four new HVAC units, and new flooring in two apartments.

Key Highlights

  • Five apartments: two freestanding homes and one triplex
  • 2.4‑acre property; built in 2002
  • Two 2‑bedroom, 1‑bath freestanding homes

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service

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

5
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

43
Businesses Nearby

Demographics for 35763, AL

21,889
Population
7,281
Households
3
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
40.8 sq mi
ZIP Area
536
Density / Sq Mi
$125,356
Median Household Income
$66,305
Median Earnings
$2,455
Median Rent
$368,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - The property combines detached residences with a triplex and offers one- and two-bedroom floor plans.
Where is this apartment building located?
The property is located at 156-A Dudley Lane Owens Cross Roads, AL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Five apartments: two freestanding homes and one triplex; 2.4‑acre property; built in 2002; Two 2‑bedroom, 1‑bath freestanding homes
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