Auburn Multifamily Investment Opportunity

907 OLD MILL Road, Auburn, AL 36830

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For Sale

$300,000

MULTI_FAMILY - AUBURN, AL

Property size:

2,864 SF

Lot size:

0.49 Acres

Price / SF:

$104/SF

HighLights

Prime redevelopment opportunity in a high‑growth area near Auburn University.
Excellent location: just 1.7 miles from Samford Hall.
Immediate income potential from a currently rented duplex ($650/side, month‑to‑month).
Large 0.49‑acre lot.
Roof and HVAC replaced in 2019.
Utilities: Cable Available

We can help!

Contact an agent

TRACI TRAN

For Sale

$300,000

MULTI_FAMILY - AUBURN, AL

Property size:

2,864 SF

Lot size:

0.49 Acres

Price / SF:

$104/SF

Added:: Dec 2, 2025
Days on Market:: 208
Last Refresh:: Jun 28 at 9:06 pm

Property Features for 907 OLD MILL Road

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R
Parking features: Open
Standard status: Active
Size: 2,864 SF
Lot size: 0.49 Acres

Utilities

Utilities: Cable Available
Heating system: Electric (Heating)
Cooling system: Electric, Central Air

Building Details

Year built: 1946
Floors in Building: 1
Number of units: 2
Flooring type: Tile, Wood

We can help!

Contact an agent

TRACI TRAN

Listing agent TRACI TRAN License #0001088270

Listing office REAL ESTATE 3:20 1 48TH ST, STE 7, OPELIKA, AL

Listing date Dec 2, 2025

MLS# 177814 Listing URL

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.

HighLights

Prime redevelopment opportunity in a high‑growth area near Auburn University.
Excellent location: just 1.7 miles from Samford Hall.
Immediate income potential from a currently rented duplex ($650/side, month‑to‑month).
Large 0.49‑acre lot.
Roof and HVAC replaced in 2019.
Utilities: Cable Available

Overview

Located 1.7 miles from Samford Hall on Auburn University's campus, this 0.49-acre property offers investment and redevelopment potential. The site includes a duplex currently rented month-to-month at $650 per side, and an additional vacant home that needs to be torn down. Positioned in a high-growth area with exceptional proximity to Auburn's core, this property provides immediate income while offering a prime opportunity for builders, investors, or developers to reimagine the site for its highest and best use. The property is zoned R. The roof and HVAC were replaced in 2019. The property size is 2864 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$37.8k	$13.20
− Vacancy	−$2.8k	−$0.99
EGI	$35.0k	$12.21
− OpEx	−$10.5k	−$3.66
NOI	$24.5k	$8.55

2,864 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$349.7K

$306.0K – $408.0K (±1% cap)

NOI $24,479 @ 7.0% cap · market cap 8.16%

Second Best

Apartment 5plus

$327.2K

$286.3K – $381.7K (±1% cap)

NOI $22,902 @ 7.0% cap · market cap 7.63%

Theoretical Best

Office A

$698.5K

$611.2K – $814.9K (±1% cap)

NOI $48,896 @ 7.0% cap · market cap 16.30%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Auburn
County: Lee
State: Alabama
Longitude: -85.46301
Latitude: 32.603315

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For sale
Duplexes
AL
Auburn
36830
907 OLD MILL Road

What type of property is this?

Duplex - Investment property near Auburn University with redevelopment potential.

Where is this duplex located?

The property is located at 907 OLD MILL Road Auburn, 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: Prime redevelopment opportunity in a high‑growth area near Auburn University.; Excellent location: just 1.7 miles from Samford Hall.; Immediate income potential from a currently rented duplex ($650/side, month‑to‑month).

907 OLD MILL Road, Auburn, AL 36830

MULTI_FAMILY - AUBURN, AL

Property Features for 907 OLD MILL Road

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Auburn Commercial Property: High-Growth Corridor

Auburn Commercial Investment Opportunity

Eight-Unit Apartment Building

Versatile Auburn Office Building

Luxury Standalone Condo

Prime Commercial Lot in Auburn

Auburn Duplex: Investment Opportunity

Auburn Commercial Land Opportunity

Heavily Wooded Residential Land Lot

Prime Land in Auburn, AL

Residential Land in Premier Community

Commercial Property in Auburn, Alabama

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