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Three-House Multifamily Package
For Sale
$150,000
Pending

921 Military Rd, Florence, AL 35630

Includes one house already gutted for renovation and sits near the University of North Alabama.

Property Size1,088 SF
Days on Market34

Property Features for 921 Military Rd

General Information

Standard status Pending
Size 1,088 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence gutted

Additional Details

Multifamily Units 3

Building Details

Year Built 1940
Buildings 3
Listing Agency: RE/MAX Tri-State
Listed By: Devin Battles · License #124260
Source: Shoalsareahomesearch
Added: Jul 29 Changed: Aug 30 Last Checked: Aug 30 at 5:57PM

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 RE/MAX Tri-State

Investment Insights

Based on property information with market context.

This multifamily offering combines three houses in one package, including the residence at 921 Military Rd. That property has been gutted, leaving the renovation process underway. The homes were built in 1940, providing an established residential asset with a defined renovation component.

The package is located in Florence near the University of North Alabama. The source information identifies renovation and rental use as potential directions for the property, subject to the buyer’s plans and verification of all information. The offering is presented as a single acquisition rather than separate house purchases.

Key Highlights

  • Three houses offered together as one multifamily package
  • 921 Military Rd property has already been gutted
  • Located near the University of North Alabama

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service Locksmith (Bike/Boat/Book/etc) Store Garden Center Acupuncture Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

486
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Includes one house already gutted for renovation and sits near the University of North Alabama.
Where is this multifamily property located?
The property is located at 921 Military Rd Florence, AL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Three houses offered together as one multifamily package; 921 Military Rd property has already been gutted; Located near the University of North Alabama
More about this property
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