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Remodeled Two-Unit Duplex
For Sale
$40,000

227 3rd Ave NW, Fayette, AL 35555

DUPLEX - Other - Fayette, AL

Property Size1,592 SF
Lot Size0.20 Acres
Price / SF$25.13
Days on Market10

Property Features for 227 3rd Ave NW

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking features Driveway
Exterior features GravelDriveway
Appliances WaterHeater
Elementary school Fayette
Middle school Fayette
High school Fayette
Directions GPS
Subdivision (14) Fayette County
Standard status Active
APN 32-13-03-06-3-002-060.000
Size 1,592 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Description Lot 4 Harkins Sd Being In Sw4
Legal Description Lot 4 Harkins Sd Being In Sw4

Utilities

Heating system Natural Gas
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1947
Floors in Building 1
Building materials Asbestos
Roof type Shingle, Composition
Architectural style Other
Listing Agency: Deal Properties
Listed By: Forrest Deal
Added: Aug 13 Changed: Aug 15 Last Checked: Aug 22 at 4:06AM
MLS# 176892

Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,592-square-foot duplex, built in 1947, contains two 2-bedroom, 1-bath residences. The right-hand unit was fully remodeled in late 2024 and is occupied by a tenant. The left-hand unit requires remodeling and is presently being used for storage. The property has natural gas heat, window-unit cooling, a shingle composition roof, and public water service.

Located at 227 3rd Ave NW in Fayette, Alabama, the property sits on a 0.2-acre lot with a gravel driveway and driveway parking. The structure is constructed with asbestos materials, a detail relevant to renovation planning. Both units contribute to the existing duplex configuration, with one side operating as a residence and the other positioned for future improvement.

Key Highlights

  • Two 2‑bedroom, 1‑bath units within a 1,592‑square‑foot duplex
  • Right‑side unit fully remodeled in late 2024 and tenant occupied
  • Left‑side unit currently used for storage and requires remodeling

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Building Supply Grocery & Convenience Store Storage Facility

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

315
Businesses Nearby

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

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?
Duplex - One residence was renovated in late 2024, while the second is currently used for storage and requires remodeling.
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 2‑bedroom, 1‑bath units within a 1,592‑square‑foot duplex; Right‑side unit fully remodeled in late 2024 and tenant occupied; Left‑side unit currently used for storage and requires remodeling
More about this property
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