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Renovated 6-Unit Apartment Building
For Sale
$490,000

2620 E 3RD Street, Montgomery, AL 36107

Furnished studio apartments feature full kitchens, tiled bathrooms, and shared laundry facilities.

Property SizeContact for details
Days on Market53

Property Features for 2620 E 3RD Street

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 6 x studio
Multifamily Units 6

Additional Details

Furnished Yes
Gross Income $96,000

Taxes and HOA fees

Annual Taxes $628

Amenities

common laundry
lobby
high-speed WiFi
mini-split AC

Building Details

Year Built 1935
Buildings 1
Listing Agency: EXIT Garth Realty
Listed By: Jamie Thompson · License #0085892
Source: Exitrealty
Added: Sep 8 Changed: Oct 25 Last Checked: Sep 15 at 6:11AM

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 EXIT Garth Realty

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Investment Insights

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Built in 1935 and renovated into a six-unit multifamily property, The Teal House contains furnished studio apartments with full kitchens and appliances. Interior features include tiled bathrooms with luxury showers, refinished hardwood floors, and new mini-split AC systems. A shared laundry room and lobby serve the building, which also has high-speed business-grade WiFi.

The property is located at 2620 E 3rd Street in Montgomery, near Zelda Road and I-85. Furnishings and utilities are included with the units, supporting short-term, annual, or other residential leasing arrangements described for the property.

Key Highlights

  • Six furnished studio apartments
  • Full kitchens with appliances in each unit
  • Tiled bathrooms with luxury showers

Property Analytics

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Lease Details

6
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

838
Businesses Nearby

Demographics for 36107, AL

8,418
Population
3,995
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
84%
High-School Grad
3.2 sq mi
ZIP Area
2,631
Density / Sq Mi
$31,895
Median Household Income
$27,173
Median Earnings
$883
Median Rent
$69,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Furnished studio apartments feature full kitchens, tiled bathrooms, and shared laundry facilities.
Where is this apartment building located?
The property is located at 2620 E 3RD Street Montgomery, AL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Six furnished studio apartments; Full kitchens with appliances in each unit; Tiled bathrooms with luxury showers
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