5-Unit Townhouse
1801 GLENN STREET, Decatur, AL 35603
For Sale
$625,000
Residential Income, DECATUR, AL
Property Size6,624 SF
Price / SF$94.35
Days on Market18
Property Features for 1801 GLENN STREET
General Information
Property type
Property subtype
Parking
Patio and Porch features
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Southern Oak Properties, Inc
(256) 350-2424
Listed By:
Blake Wright · License AL #88094
(256) 345-5900
Added: Oct 26
Changed: Oct 29
Last Checked: Nov 12 at 6:06AM
MLS# 21932649
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This five-townhouse property comprises 6,624 square feet across individually deeded lots, offered together. Built in 1988, the brick residences have central air, electric heat, patios, and wired-for-sound features. Kitchens include cooktops, refrigerators, dishwashers, and electric water heaters, and the property is served by public water.
Tenants pay their own utilities, while the owner handles lawn maintenance across all five units. The property is being sold as is.
Tenants pay their own utilities, while the owner handles lawn maintenance across all five units. The property is being sold as is.
Key Highlights
- Five townhouses on individually deeded lots, offered together
- 6,624 square feet across the property
- Built in 1988 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,440
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,800
$1.0M
Cap Rate 7%
$720,571
$720.6K
Cap Rate 9%
$560,444
$560.4K
Market Conditions
NOI Build-Up for 6,624 SF
Gross rent
$97.8K $14.76/SF
− Vacancy
−$6.1K −$0.92/SF
EGI
$91.7K $13.84/SF
− OpEx
−$41.3K −$6.23/SF
NOI
$50.4K $7.61/SF
Area
Morgan County, AL
Vacancy
6.20%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,800
Cap Rate 7%
$720,571
Cap Rate 9%
$560,444
Alternative Uses
Best Use
Apartment 5plus
$720.6K
$630.5K – $840.7K
NOI $50,440 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,467 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
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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
$235,600
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Morgan County, AL
Properties on Market for Multifamily properties in Morgan County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five townhouses are offered together on individually deeded lots, with tenants responsible for their own utilities.
Where is this multifamily property located?
The property is located at 1801 GLENN STREET Decatur, 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: Five townhouses on individually deeded lots, offered together; 6,624 square feet across the property; Built in 1988 with brick construction
