Updated Quadplex with Private
For Sale
Under Contract
$300,000
737 40TH PLACE, Fairfield, AL 35064
MULTI_FAMILY - FAIRFIELD, AL
Days on Market53
Property Features for 737 40TH PLACE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
FAIRFIELD
Elementary school
ROBINSON
Middle school
FOREST HILLS
High school
FAIRFIELD
Directions
FROM I20/29 GOING WEST FROM DOWNTOWN TAKE AVE I EXIT THEN LEFT GO UNDER INTERSTATE ON AVE I THIS MERGE INTO VALLEY RD TK 1ST RIGHT ON 40TH PLACE GO THROUGH 2 INERSECTIN PROPERTY WILL BE ON YOUR LEFT
Standard status
Active Under Contract
APN
30-00-12-1-009-003.000
Taxes and HOA fees
Tax Description
LOT 20 BL 3 FAIRFIELD 1ST ADD
Legal Description
LOT 20 BL 3 FAIRFIELD 1ST ADD
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
4
Flooring type
Hardwood, Tile
Building materials
Brick and Frame
Listing Agency:
Keller Williams Realty Vestavia
(205) 397-6500
Listed By:
Margie Beth Shaw · License #101851-1
(205) 234-2906
Added: Jun 8
Changed: Jul 15
Last Checked: Jul 30 at 7:06PM
MLS# 21455464
Copyright © 2026 Greater Alabama MLS. 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 quadplex features a classic two-story brick and frame exterior with front porches off each unit’s living area. The units have been updated with new windows and doors, and all electrical throughout the building has been brought to code. According to the seller, two units have additional upgrades including paint, flooring, cabinetry, kitchen and bath improvements, and new appliances. Each unit is approximately 1,009 square feet and is laid out with large living rooms, two sizable bedrooms separated for added privacy, and generous closet and storage space. Washer and dryer hookups are plumbed for a dedicated space near the bathroom, and each unit includes a full bath.
Located in Fairfield, Alabama (Jefferson County), the property includes exterior clean-up work and new chimney caps. A back exit provides access to a large parking area with space reported for 10+ cars, supporting tenant convenience. Separate water meters are provided for each unit, which can help simplify ongoing utility management. The building is also described as Section 8 compliant.
With multiple updated components already in place, this quadplex is positioned for investors or operators seeking a turn-key residential income asset with defined unit features, private porches, and parking suitable for day-to-day tenant needs. Reported rents range from $550 to $1,000.
Located in Fairfield, Alabama (Jefferson County), the property includes exterior clean-up work and new chimney caps. A back exit provides access to a large parking area with space reported for 10+ cars, supporting tenant convenience. Separate water meters are provided for each unit, which can help simplify ongoing utility management. The building is also described as Section 8 compliant.
With multiple updated components already in place, this quadplex is positioned for investors or operators seeking a turn-key residential income asset with defined unit features, private porches, and parking suitable for day-to-day tenant needs. Reported rents range from $550 to $1,000.
Key Highlights
- Classic 2‑story brick and frame building built in 1920
- Each unit is 1,009 SF with two bedrooms and a full bath, plus closets and storage
- Units updated with new windows and doors; two units include new paint, flooring, cabinetry, and kitchen/bath upgrades
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 35064, AL
10,149
Population
4,776
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
2,819
Density / Sq Mi
$48,581
Median Household Income
$31,452
Median Earnings
$997
Median Rent
$119,900
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?
Quadplex - Updated four-unit brick-and-frame property with separate water meters, in-unit washer/dryer plumbing, and ample parking for tenants.
Where is this quadplex located?
The property is located at 737 40TH PLACE Fairfield, AL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Classic 2‑story brick and frame building built in 1920; Each unit is 1,009 SF with two bedrooms and a full bath, plus closets and storage; Units updated with new windows and doors; two units include new paint, flooring, cabinetry, and kitchen/bath upgrades
