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    Fort Payne, AL
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    Fort Payne, AL Multifamily Properties for Sale

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    Rainsville, AL Valley Head, AL Collinsville, AL Mentone, AL Gaylesville, AL Fyffe, AL Cedar Bluff, AL Sylvania, AL
    Fort Payne Multifamily Investment
    Updated: May 26
    Fort Payne Multifamily Investment

    1201 Grand Avenue NW, Fort Payne, AL 35967

    $155,000
    1,186 sqft 0.13 AC lot
    Two apartments: Apartment A has 2 bedrooms and 1 bath; Apartment B has 1 bedroom and 1 bath
    Public water service
    Public sewer
    Parking includes alley parking and a driveway
    Kitchen appliances include a refrigerator and oven
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    This listing looks promising.

    Here's a quick look at some key insights for

    1201 Grand Avenue NW, Fort Payne, AL 35967

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    • Est. Cap Rate

      4.5%
      NOI ÷ price

    • Est. NOI

      $7K
      Annual

    • Price @ 7% Cap

      $100K
      Suggested

    • Property Type

      Duplex
      Built 1950
    View Property Analytics
    Turnkey Furnished Loft Apartment
    Updated: Jan 19
    Turnkey Furnished Loft Apartment

    306 5th St SW, Fort Payne, AL 35967

    Contact for pricing
    904 sqft
    Mid‑century modern loft apartment built in 1950 in downtown Fort Payne
    Fully furnished and currently operating as a successful Airbnb
    Remodeled in 2023 with updated plumbing, electrical, roof, and HVAC
    Remodel includes stainless appliances and granite countertops
    Lower level and garage are unfinished for storage or future workshop use
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    Duplex with Two Apartments
    Duplex with Two Apartments

    1201 Grand NW Avenue 2, Fort Payne, AL 35967

    $155,000

    Two-unit property with rental income potential.

    View details
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 3 Active listings in Fort Payne, AL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Dawson, AL Multi-Family Property
    Dawson, AL Multi-Family Property

    47-166 County Road 1021, Dawson, AL 35963

    $900,000
    15,120 sqft 8.33 AC lot

    18 mobile homes on 8.33 acres in Dawson, Alabama.

    View details
    Turnkey Doublewide Income Property
    Turnkey Doublewide Income Property

    755 County Road 355, Leesburg, AL 35983

    $285,000
    2,000 sqft 2.90 AC lot

    Two move-in ready doublewide homes on 2.9 acres, supported by multiple septic and water services for flexible use.

    View details
    Multi-Family Property on 2.9 Acres
    Multi-Family Property on 2.9 Acres

    755 County Road 355, Leesburg, AL 35983

    $350,000
    2.90 AC lot

    Multi-family property with homes, sites, and utilities on 2.9 acres.

    View details
    Mobile Home Park For Sale
    Mobile Home Park For Sale

    47-166 County Road 1021, Dawson, AL 35963

    $900,000

    Established mobile home park with 18 units available for purchase.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront RV Lot with Views
    Waterfront RV Lot with Views

    County Road 243 lot: 40, Cedar Bluff, AL 35959

    Contact for pricing
    0.14 AC lot

    Deeded waterfront RV lot with power, water, and mountain views.

    View details
    Waterfront RV Lot with Views
    Waterfront RV Lot with Views

    County Road 243 lot: 37, Cedar Bluff, AL 35959

    Contact for pricing
    0.21 AC lot

    Deeded waterfront RV lot with power and mountain views.

    View details
    Recreational Waterfront Lot
    Recreational Waterfront Lot

    GG Moneys Bend Road, Cedar Bluff, AL 35959

    $110,000
    0.47 AC lot

    Recreational waterfront land with direct access to Weiss Lake and utilities available through local permitting.

    View details
    RV Lot with Water & Power
    RV Lot with Water & Power

    County Road 31 lot: 11, Centre, AL 35960

    $37,125
    0.05 AC lot

    Deeded RV lot with water and power available.

    View details

    Off-Market Properties in Fort Payne, AL

    Consider similar Off-Market properties in Fort Payne, AL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2501 Briarwood SW Ave
    APARTMENT HOUSE (5+ UNITS)

    2501 Briarwood SW Ave, Fort Payne, AL 35967-8434

    $6,050,000
    Estimated value
    4,210 sqft 10.00 AC lot
    View details
    158 8th NE St
    APARTMENT HOUSE (5+ UNITS)

    158 8th NE St, Fort Payne, AL 35967-2650

    $1,610,000
    Estimated value
    13,075 sqft 1.90 AC lot
    View details
    2043 Prestwood NW Ave
    APARTMENT HOUSE (5+ UNITS)

    2043 Prestwood NW Ave, Fort Payne, AL 35967-3476

    Value Estimation by Request
    3,025 sqft
    View details
    860 Dugout Vly W Rd
    MOBILE HOME PARK, TRAILER PARK

    860 Dugout Vly W Rd, Fort Payne, AL 35968-3762

    Value Estimation by Request
    11.81 AC lot
    View details
    1050 Airport W Rd
    APARTMENT HOUSE (5+ UNITS)

    1050 Airport W Rd, Fort Payne, AL 35968-3322

    Value Estimation by Request
    18,108 sqft 12.20 AC lot
    View details

    Fort Payne, AL Multifamily Properties Market Trends and Statistics

    Explore 8 multifamily properties for sale in Fort Payne, AL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 2,090 square feet of properties for sale, with an estimated market value of $310,000.

    Sale prices for multifamily properties in Fort Payne, AL average $155,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Short term rental properties 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) +2.5%
    Median Household Income $47,456
    College Educated 20.5%

    High-Yield Neighborhoods for Investment

    Identify Fort Payne submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    35967 $157K

    Taxes & Financing

    Tax Rate (average for all types) 4.60%
    Property Tax per SF $94.52 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in DeKalb County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in DeKalb County

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