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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 Market8

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: Sep 10 Last Checked: Sep 14 at 7:31AM

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

Investment Insights

Based on property information with market context.

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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Current Use

Alorica Call Centers Bpo Company

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Parking Lot & Garage Hotel & Motel 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

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
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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
More about this property
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