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Multifamily and Office Building
For Sale
$496,500

2ND Ave, Fayette, AL 35555

MULTI_FAMILY - Fayette, AL

Property Size13,000 SF
Price / SF$38.19
Days on Market61

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: Jul 24 Last Checked: Aug 21 at 10:06PM
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 building combines residential rental units with large office areas on the first floor. Public remarks indicate the property has over 13,000 square feet in total. The current configuration includes one two-bedroom, one-bath apartment on the first floor, along with large office areas.

The second floor provides additional residential units, including nine two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. Public remarks also note that the property previously offered 20 two-bedroom, one-bath apartments.

The property is located on 2ND Ave in Fayette, AL 35555 within Fayette County.

Key Highlights

  • Over 13,000 sq ft of space with both multifamily and office space rentals
  • Currently includes 1 two‑bedroom/one‑bath apartment and large office areas on the first floor
  • Second floor has 9 two‑bedroom/one‑bath apartments and 1 one‑bedroom/one‑bath apartment

Property Analytics

Current Use

Apartment buildings

Lease Details

2
Office units
11
Residential units

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

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 - Mixed-use building includes both residential units and sizable first-floor office space totaling over 13,000 square feet.
Where is this apartment building 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: Over 13,000 sq ft of space with both multifamily and office space rentals; Currently includes 1 two‑bedroom/one‑bath apartment and large office areas on the first floor; Second floor has 9 two‑bedroom/one‑bath apartments and 1 one‑bedroom/one‑bath apartment
More about this property
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