8-Unit Apartment
New
For Sale
$350,000
520 DRAKE Avenue, Lafayette, AL 36862
Multi-Family, LAFAYETTE, AL
Property Size6,660 SF
Lot Size1.71 Acres
Price / SF$52.55
Days on Market5
Property Features for 520 DRAKE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Open
Elementary school
EAST SIDE ELEMENTARY
Directions
From Valley, Go Hwy 50 (Veterans Memorial Pkwy). Turn left onto AL 50 W. Turn right on Hospital Street then left on Drake. Ist set of apartments on the right.
Subdivision
Outside Lee Co
Standard status
Active
Size
6,660 SF
Lot size
1.71 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1978
Floors in Building
2
Number of units
8
Listing Agency:
AT HOME PROFESSIONAL REAL ESTATE SERVICES LLC
(706) 586-1135
Listed By:
ANGELIA THOMAS
(706) 586-1135
Added: Aug 28
Changed: Aug 31
Last Checked: Sep 1 at 8:06AM
MLS# 182115
Copyright © 2026 Lee County Association 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 8-unit apartment property contains 6,660 square feet on 1.71 acres and was built in 1978. Each apartment includes two bedrooms, one bathroom, a walk-in closet, an open living and dining area, and a kitchen. Flooring and paint updates have been completed in each unit, with new appliances in some apartments. Electric heating and central air conditioning serve the units, and open parking is provided.
The property is located in Lafayette, Alabama, with Opelika and Auburn less than 35 minutes away. Several apartments have long-term tenants. The property is offered as-is.
The property is located in Lafayette, Alabama, with Opelika and Auburn less than 35 minutes away. Several apartments have long-term tenants. The property is offered as-is.
Key Highlights
- 8‑unit apartment property with 6,660 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Individual layouts feature walk‑in closets and open living‑dining areas
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
59
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments offer two-bedroom layouts, central air, and open parking.
Where is this apartment building located?
The property is located at 520 DRAKE Avenue 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; Individual layouts feature walk‑in closets and open living‑dining areas
