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Fully Occupied Quadplex
For Sale
$265,000

15E E 20th St, Lanett, AL 36863

Four leased residential units with tenant-paid utilities and access to regional employment centers.

Property SizeContact for details
Days on Market114

Property Features for 15E E 20th St

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $1,097
Listing Agency: Plains Realty Partners
Listed By: Karen Heimen
Source: Exprealty
Added: May 17 Changed: Sep 6 Last Checked: Sep 6 at 2:57PM

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 Plains Realty Partners

Investment Insights

Based on property information with market context.

This Lanett quadplex contains four 1-bedroom, 1-bath units, all currently leased and occupied. The existing tenancy provides established rental operations, while residents pay their own utilities, reducing the owner-paid utility burden.

Located near I-85, the property connects with West Point, Kia Georgia, LaGrange, Auburn, Opelika, and Columbus. The address is 15E E 20th St in Lanett, Alabama. Showings are available by appointment, with advance coordination required because the units are occupied.

Key Highlights

  • Four 1‑bedroom, 1‑bath units
  • 100% tenant‑occupied
  • Tenants pay their own utilities

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Parking Lot & Garage Building Supply Skin Care Clinic

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

4
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

208
Businesses Nearby

Demographics for 36863, AL

12,233
Population
5,421
Households
2.3
Avg Household Size
42
Median Age
10%
College-Educated
81%
High-School Grad
95.7 sq mi
ZIP Area
128
Density / Sq Mi
$45,313
Median Household Income
$29,970
Median Earnings
$739
Median Rent
$113,100
Median Home Value

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?
Quadplex - Four leased residential units with tenant-paid utilities and access to regional employment centers.
Where is this quadplex located?
The property is located at 15E E 20th St Lanett, AL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units; 100% tenant‑occupied; Tenants pay their own utilities
More about this property
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