Remodeled
For Sale
$40,000
227 3rd Ave Nw, Fayette, AL 35555
Two-unit residential property with one updated residence and a second unit available for renovation.
Property Size1,592 SF
Price / SF$25.13
Days on Market16
Property Features for 227 3rd Ave Nw
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs remodeling
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1947
Buildings
1
Listing Agency:
Deal Properties
(205) 442-3662
Listed By:
Forrest Deal · License #118559295
Source:
Thegraygroupal
Added: Aug 15
Changed: Aug 29
Last Checked: Aug 29 at 4:54PM
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 Deal Properties
Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath units within 1,592 square feet. Built in 1947, the right-hand residence underwent a complete remodel in late 2024 and is occupied by a tenant. The other unit is currently being used for storage and requires remodeling before residential use.
Located at 227 3rd Ave NW in Fayette, Alabama, the property offers a defined two-unit configuration with one improved side and one unfinished component. The existing layout provides a clear separation between the occupied residence and the unit requiring additional work.
Located at 227 3rd Ave NW in Fayette, Alabama, the property offers a defined two-unit configuration with one improved side and one unfinished component. The existing layout provides a clear separation between the occupied residence and the unit requiring additional work.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath per unit
- 1,592 square feet of property size
- Right‑side unit completely remodeled in late 2024
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 35555, AL
9,282
Population
4,958
Households
1.9
Avg Household Size
45
Median Age
20%
College-Educated
86%
High-School Grad
326.8 sq mi
ZIP Area
28
Density / Sq Mi
$50,598
Median Household Income
$32,047
Median Earnings
$624
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with one updated residence and a second unit available for renovation.
Where is this duplex located?
The property is located at 227 3rd Ave Nw Fayette, AL.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath per unit; 1,592 square feet of property size; Right‑side unit completely remodeled in late 2024
