5-Unit Townhouse Apartment
New
For Sale
$625,000
1801 Glenn Street, Decatur, AL 35603
Residential Income, Decatur, AL
Property Size6,624 SF
Lot Size0.36 Acres
Price / SF$94.35
Days on Market2
Property Features for 1801 Glenn Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
10
Patio and Porch features
Patio
Exterior features
Curb/Gutters
Appliances
Oven, Refrigerator, Dishwasher, W/D Hookup, Electric Water Heater
Subdivision
Glenndale
Elementary school
Austinville
Middle school
Austin Middle
High school
Austin
Directions
Hwy 67(Beltline) Towards Hwy 20, Left On Glenn Street By Publix Shopping Center, Building Will Be On The Left
Standard status
Active
Size
6,624 SF
Lot size
0.36 Acres
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
2
Number of units
5
Buildings
5
Listing Agency:
Southern Oak Properties, Inc
(256) 350-2424
Listed By:
Blake Wright · License #88094
(256) 345-5900
Added: Oct 27
Last Checked: Oct 28 at 10:06AM
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-home townhouse property comprises 6,624 square feet across 0.3599 acres. The residences include three 3-bedroom homes and two 2-bedroom homes, each on an individual deeded lot; all five lots are being offered together. Built in 1988, the homes have central air conditioning, electric heat, patios, and washer/dryer hookups. Public water and sewer serve the property, and the homes are being sold as-is.
The property is in Decatur, just off the Beltline and near shopping and restaurants. Residents pay their own utilities, while the owner handles lawn maintenance across all five homes.
The property is in Decatur, just off the Beltline and near shopping and restaurants. Residents pay their own utilities, while the owner handles lawn maintenance across all five homes.
Key Highlights
- Five townhouses on separate deeded lots, offered together
- 6,624 square feet on 0.3599 acres
- Three 3‑bedroom homes and two 2‑bedroom homes
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
550
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The five homes have central air, patios, and resident-paid utilities, with lawn care maintained by the owner.
Where is this apartment building 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 separate deeded lots, offered together; 6,624 square feet on 0.3599 acres; Three 3‑bedroom homes and two 2‑bedroom homes
