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Turnkey Furnished Loft Apartment
For Sale
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Pending

306 5th St SW, Fort Payne, AL 35967

Turnkey fully furnished mid-century modern loft, remodeled in 2023 with updated plumbing, electrical, roof, HVAC, and appliances.

Property Size904 SF
Days on Market230

Property Features for 306 5th St SW

General Information

Standard status Pending
Size 904 SF
Property subtype Multifamily

Building Details

Year Built 1950
Listing Agency: Southern Properties Agency Inc
Listed By: Glenn Horton · License #AL 000071124
Source: Crexi
Added: Jan 19 Changed: Sep 4 Last Checked: Sep 6 at 6:16PM

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 Southern Properties Agency Inc

Investment Insights

Based on property information with market context.

This mid-century modern loft apartment is offered turnkey and fully furnished. The interior was remodeled in 2023, with updates including plumbing and electrical work, a new roof, HVAC, stainless appliances, and granite countertops. Additional space includes an unfinished lower level and an unfinished garage, which can serve for storage or a future workshop concept.

The property is located at 306 5th St SW in Fort Payne, AL, and is currently operated as a short-term rental.

With its furnished, move-in-ready condition and 2023 upgrades, the unit is positioned for continued short-term rental use or other residential occupancy depending on an owner’s goals.

Key Highlights

  • Mid‑century modern loft apartment built in 1950 in downtown Fort Payne
  • Fully furnished and currently operating as a successful Airbnb
  • Remodeled in 2023 with updated plumbing, electrical, roof, and HVAC

Property Analytics

Current Use

𝗚𝗿𝗼𝗼𝘃𝘆 𝗚𝗲𝘁𝗮𝘄𝗮𝘆 𝗟𝗼𝗳𝘁 Vacation Rental

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Skin Care Clinic Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

531
Businesses Nearby

Demographics for 35967, AL

17,233
Population
7,825
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
81%
High-School Grad
127.0 sq mi
ZIP Area
136
Density / Sq Mi
$48,125
Median Household Income
$32,051
Median Earnings
$678
Median Rent
$155,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Turnkey fully furnished mid-century modern loft, remodeled in 2023 with updated plumbing, electrical, roof, HVAC, and appliances.
Where is this short term rental property located?
The property is located at 306 5th St SW Fort Payne, AL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Mid‑century modern loft apartment built in 1950 in downtown Fort Payne; Fully furnished and currently operating as a successful Airbnb; Remodeled in 2023 with updated plumbing, electrical, roof, and HVAC
(256) 845-6000 Call to check price and availability
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