201 8th Ave SW Decatur, AL 35601
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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
Listing agent Len Johnson License #40398
Listing office Gateway Alabama Realty Group, LLC (256) 429-9360
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
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -86.9981166
- Latitude
- 34.6038833
Nearby Similar for Sale
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.
