8-Unit Multifamily
New
For Sale
$649,900
701 Sweetwater Ave, Florence, AL 35630
MultiFamily, Florence, AL
Property SizeContact for details
Days on Market3
Property Features for 701 Sweetwater Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
00 Residential
Subdivision
Florence
Elementary school
Florence
Middle school
Florence
High school
Florence
Directions
5 Buildings in the bundle. Florence, Sheffield and Tuscumbia
Standard status
Active
APN
000000000000000000
Taxes and HOA fees
Tax Description
5 Lots with 5 Legal description included in sale
Tax Annual Amount
697
Legal Description
5 Lots with 5 Legal description included in sale
Utilities
Sewer type
Public Sewer
Water front
1
Building Details
Year built
1935
Number of units
8
Listing Agency:
MarMac Real Estate - The Shoals
(256) 766-8499
Listed By:
Melissa Goduti · License #000164903
(256) 349-3638
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 4:06PM
MLS# 531092
Copyright © 2026 Strategic MLS Alliance, INC. 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 multifamily offering combines eight residential rental units across five properties in northwest Alabama. The package includes homes at 701 Sweetwater Ave in Florence; 714 N Jefferson St in Tuscumbia; 403 Dover Ave, 405 Dover Ave, and 405 1/2 Dover Ave in Sheffield; and 1505 26th St in Sheffield, which includes three units and an additional adjoining lot. The properties are being marketed collectively and will not be separated.
The portfolio is presented with an approximately 9% cap rate based on operating expenses. Financial information is available upon request. Tenant contact is restricted, with no showings scheduled before an accepted offer. Buyers should independently verify property details and complete their own due diligence.
The portfolio is presented with an approximately 9% cap rate based on operating expenses. Financial information is available upon request. Tenant contact is restricted, with no showings scheduled before an accepted offer. Buyers should independently verify property details and complete their own due diligence.
Key Highlights
- Eight residential rental units across five properties
- Approximately 9% cap rate with operating expenses included
- Portfolio includes properties in Florence, Tuscumbia, and Sheffield
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 35630, AL
32,671
Population
17,371
Households
1.9
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
25.3 sq mi
ZIP Area
1,291
Density / Sq Mi
$44,168
Median Household Income
$29,081
Median Earnings
$783
Median Rent
$153,300
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?
Multifamily property - Residential rental properties in Florence, Tuscumbia, and Sheffield are offered together as one investment package.
Where is this multifamily property located?
The property is located at 701 Sweetwater Ave Florence, AL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Eight residential rental units across five properties; Approximately 9% cap rate with operating expenses included; Portfolio includes properties in Florence, Tuscumbia, and Sheffield
