For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

201 8th Ave SW Decatur, AL 35601

View on Map
Claim this Listing
Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

Value-add multifamily property in Decatur, Alabama with potential upside.

Type:Multifamily
Property size:
3,448 SF
Added:
Jan 29, 2026
Days on Market:
79
Last Refresh:
Mar 17 at 1:14 pm

Property Features for 201 8th Ave SW

General Information

Standard status
Active
Size
3,448 SF
Property subtype
Multifamily

Building Details

Year Built
1986

We can help!

Listing Contact
Len Johnson
Len Johnson

Listing agent Len Johnson License #40398

Listing office Gateway Alabama Realty Group, LLC

Listing date Jan 29, 2026

Source Crexi

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 Gateway Alabama Realty Group, LLC


Overview

Decatur Multifamily Investment Opportunity

This multifamily property is a value-add opportunity with potential for increased market rents. One vacant unit has been recently renovated and is ready for an owner-occupant. A new roof and gutters were installed in 2022, and units have been recently renovated with upgrades and updates. Tenants are responsible for trash and electric, while the owner covers water/sewer, lawn care, and maintenance. The property is located in Decatur, offering residents convenient access to dining, shopping, and entertainment. Parks, schools, and healthcare facilities are also easily accessible. The area features a strong rental market and a growing economy, creating favorable conditions for real estate investment. Nearby attractions include Point Mallard Park, Cook's Natural Science Museum, and the Wheeler National Wildlife Refuge. The property can be purchased as a 10-unit portfolio by adding a 5-unit apartment building and a single-family rental located at 2005 Morgan Avenue SW, Decatur, AL.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Decatur
County
Morgan
State
Alabama
Longitude
-86.9981166
Latitude
34.6038833

FAQs

What type of property is this?
Apartment building - Value-add multifamily property in Decatur, Alabama with potential upside.
Where is this apartment building located?
The property is located at 201 8th Ave SW Decatur, AL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Value‑add opportunity with potential to increase rents and achieve a pro‑forma NOI of $28,560.; One vacant, recently renovated unit is rent‑ready, ideal for an owner‑occupant.; New roof and gutters installed in 2022.
(256) 429-9360 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message