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Mixed-Use Property with Apartments and Offices
For Sale
$496,500

2ND Ave, Fayette, AL 35555

MultiFamily, Fayette, AL

Property SizeContact for details
Days on Market108

Property Features for 2ND Ave

General Information

Property type Residential Multi Family
Property subtype Other
Lot features Deeded
Directions Traveling south on Temple Avenue, turn right at 1st Street Northwest. Go two blocks to 2nd Ave Northwest and turn right--the property is on the left. Look for the sign.
Subdivision Fayette
Standard status Active
APN 32 13 03 06 3 002 078.000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7671

Utilities

Utilities Cable Available
Water source Public
Listing Agency: Dalton Wade, Inc.
Listed By: Jason Tucker
Added: Jun 22 Changed: Sep 8 Last Checked: Oct 7 at 7:06AM
MLS# 26-1312

Copyright © 2026 Walker County Area Board 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.

Investment Insights

Based on property information with market context.

This mixed-use property contains more than 13,000 square feet and combines residential apartments with office space. The current layout includes one two-bedroom, one-bath apartment and two large office areas on the first floor. The second floor adds nine two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment, providing a combination of residential and commercial space within the same building.

The property is located on 2nd Ave in Fayette, Alabama, within ZIP Code 35555. Public water service is available, along with cable availability. The existing unit configuration and sizable office component support a blended property profile for users evaluating both apartment and office space.

Key Highlights

  • More than 13,000 square feet of mixed‑use space
  • Current apartment mix includes nine 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
  • One additional 2‑bedroom/1‑bath apartment on the first floor

Property Analytics

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Current Use

Office Units

Lease Details

11
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

329
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - More than 13,000 square feet combines apartment units with substantial first-floor office areas.
Where is this mixed-use property located?
The property is located at 2ND Ave Fayette, AL.
What is the asking price?
The asking price for this property is $496,500.
What are key features of this property?
This property features: More than 13,000 square feet of mixed‑use space; Current apartment mix includes nine 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; One additional 2‑bedroom/1‑bath apartment on the first floor
More about this property
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