251 1ST Street NE Lafayette, AL 36862

Building Details

Year built

1960

Floors in Building

1

Number of units

5

Listing agent JESSICA STROUD

Listing office FIRST REALTY SALES AL

Listing date Mar 25, 2026

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MLS# 179580 Listing URL

Copyright © 2026 Lee County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This multifamily property package, situated on over 2 acres, includes multiple income-producing units. The property features a single-family home with 3 bedrooms and 1 bathroom. Adjacent to the single-family home is a duplex, offering two units, each with 2 bedrooms and 1 bathroom. At the rear of the property, located off the 4-lane road, are two garage apartments. The upper unit includes 1 bedroom and 1 bathroom, while the lower unit offers 3 bedrooms and 1 bathroom. In total, the property comprises 5 units, with a total of 11 bedrooms and 5 bathrooms. The property includes additional land between the structures, offering future development potential. The property size is 2800 square feet. The property is located in LAFAYETTE, AL.

Key Highlights

• Multiple income‑producing units: single‑family home, duplex, and two garage apartments, totaling 5 units.
• Significant acreage: sits on over 2 acres, offering potential for future development.
• High bedroom/bathroom count: includes a total of 11 bedrooms and 5 bathrooms across all units.

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FAQs

What type of property is this?

Multifamily property - Income-producing multifamily property with development potential on over 2 acres.

Where is this multifamily property located?

The property is located at 251 1ST Street NE Lafayette, AL.

What is the asking price?

The asking price for this property is $149,000.

What are key features of this property?

This property features: Multiple income‑producing units: single‑family home, duplex, and two garage apartments, totaling 5 units.; Significant acreage: sits on over 2 acres, offering potential for future development.; High bedroom/bathroom count: includes a total of 11 bedrooms and 5 bathrooms across all units.