8-Unit Apartment
New
For Sale
$350,000
520 Drake Ave, Lafayette, AL 36862
Eight apartments offer two-bedroom layouts with kitchens, walk-in closets, and open living and dining areas.
Property Size6,660 SF
Price / SF$52.55
Days on Market2
Property Features for 520 Drake Ave
General Information
Standard status
Active
Size
6,660 SF
Property subtype
Multi-Family
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Building Details
Year Built
1978
Buildings
1
Listing Agency:
The Denson Group
(334) 758-6220
Listed By:
The Talons Group
(334) 758-6220
Source:
Thetalonsgroup
Added: Sep 1
Last Checked: Sep 1 at 4:52PM
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 The Denson Group
Investment Insights
Based on property information with market context.
This 8-unit apartment property in Lafayette was built in 1978 and contains 6,660 square feet. Each apartment includes 2 bedrooms, 1 bathroom, a walk-in closet, kitchen, and combined living and dining areas. Improvements across the units include flooring and paint updates, with new appliances installed in some apartments.
Several units have long-term tenants, providing established occupancy history. The property is offered as-is and is located at 520 Drake Ave in Lafayette, less than 35 minutes from Opelika and Auburn.
Several units have long-term tenants, providing established occupancy history. The property is offered as-is and is located at 520 Drake Ave in Lafayette, less than 35 minutes from Opelika and Auburn.
Key Highlights
- 8‑unit apartment property with 6,660 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Open living and dining areas with kitchens in every apartment
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 36862, AL
5,806
Population
3,130
Households
1.9
Avg Household Size
48
Median Age
15%
College-Educated
79%
High-School Grad
226.5 sq mi
ZIP Area
26
Density / Sq Mi
$39,510
Median Household Income
$36,778
Median Earnings
$642
Median Rent
$138,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight apartments offer two-bedroom layouts with kitchens, walk-in closets, and open living and dining areas.
Where is this apartment building located?
The property is located at 520 Drake Ave Lafayette, AL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 8‑unit apartment property with 6,660 square feet; Each unit includes 2 bedrooms and 1 bathroom; Open living and dining areas with kitchens in every apartment
