Listing Agency: SVN | AVAT Realty, LLC r***@svn.com Show Phone

Listed By: Richard Chenault · License #000124758

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 31 at 5:57PM

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Investment Insights

Based on property information with market context.

This apartment property occupies a converted house at 201 Prospect Dr SE in Decatur, Alabama. The building is arranged as a seven-unit multifamily asset, offering an existing residential configuration within a house-form structure.

Key Highlights

• Seven‑unit multifamily configuration
• House converted for apartment use
• 201 Prospect Dr SE, Decatur, AL 35601

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Parking Lot & Garage Kitchen & Bath Showroom Storage Facility Big Box & Wholesale Store Electrical Service

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

7

Residential units

Location Intelligence

Trade Area within ½ mile

874

Businesses Nearby

Explore this area Business Placement

Demographics for 35601, AL

34,958

Population

15,168

Households

2.3

Avg Household Size

38

Median Age

18%

College-Educated

77%

High-School Grad

26.5 sq mi

ZIP Area

1,319

Density / Sq Mi

$50,216

Median Household Income

$33,438

Median Earnings

$860

Median Rent

$148,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Converted house configured for multifamily residential use in Decatur, AL.

Where is this apartment building located?

The property is located at 201 Prospect Dr SE Decatur, AL.

What are key features of this property?

This property features: Seven‑unit multifamily configuration; House converted for apartment use; 201 Prospect Dr SE, Decatur, AL 35601