Two-Unit Brick
For Sale
Contact for pricing
737 40th Place, Fairfield, AL 35064
Updated two-unit multifamily with private porches and separate water meters, plus parking for 10+ cars.
Property Size4,180 SF
Price / SF$71.77
Days on Market55
Property Features for 737 40th Place
General Information
Standard status
Active
Size
4,180 SF
Total Parking Spaces
10
Property subtype
Multifamily
Building Details
Year Built
1920
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams | MB Group
Listed By:
Margie Beth Shaw · License #AL 000101851
Source:
Crexi
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 24 at 9:13AM
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 Keller Williams | MB Group
Investment Insights
Based on property information with market context.
This classic two-story brick and frame multifamily offers a front porch for each unit and updated building components throughout. All units have new windows and doors, and the electrical throughout the building has been brought to code. Two of the units have been updated with finishes and kitchen and bath improvements, including fresh paint, flooring, cabinetry, and new appliances. Each unit provides 1,009 square feet with a large living room, a private porch off the living room, and two large bedrooms separated for privacy. The layout includes lots of closets and storage, plus a designated washer and dryer space that is plumbed near the bathroom. Each unit has a full bath, and separate water meters serve the building.
The exterior has recently been cleaned, and new chimney caps have been installed. A back exit leads directly to a large parking lot with space for 10+ cars, supported by additional parking on site.
The property is listed for sale at 737 40th Place, Fairfield, AL 35064, and is described as Section 8 compliant. Reported rents range from $550 to $1,000, providing a starting point for tenants or investors evaluating the unit mix and condition.
The exterior has recently been cleaned, and new chimney caps have been installed. A back exit leads directly to a large parking lot with space for 10+ cars, supported by additional parking on site.
The property is listed for sale at 737 40th Place, Fairfield, AL 35064, and is described as Section 8 compliant. Reported rents range from $550 to $1,000, providing a starting point for tenants or investors evaluating the unit mix and condition.
Key Highlights
- Updated 2‑unit multifamily in a brick and frame building built in 1920
- Each unit is 1,009 SF with two large bedrooms, full bath, closets, and storage
- Units have been updated with new windows and doors; electrical brought to code
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?
Multifamily property - Updated two-unit multifamily with private porches and separate water meters, plus parking for 10+ cars.
Where is this multifamily property 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: Updated 2‑unit multifamily in a brick and frame building built in 1920; Each unit is 1,009 SF with two large bedrooms, full bath, closets, and storage; Units have been updated with new windows and doors; electrical brought to code
