Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2243 Madison Ave Montgomery, AL 36107-1913

    • Residential income homes
    • 4,955 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Last Sale
    Dec 21, 2020
    $250,000
    Location Intelligence
    Property ID
    US03-0895667
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 2243 Madison Ave

    Year built
    1933
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    4,955 SF
    Zone code
    R-65-M
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    10-03-08-4-001-001.000
    APU
    1003084001001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $240,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $240,000
      Mixed-Use
      $280,000
      Hospitality
      $220,000
      Educational
      $250,000
      Residential Income
      $265,000
      Energy
      $240,000
      Income-Based Land
      $265,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2745
    Latitude
    32.3811
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,569
    $3,000
    $28,860
    $31,860
    -
    $15,000
    $144,300
    $159,300

    Comparable in this City

    • Value Estimation by Request
      4,588 SF

      3054 Mcqueen St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,588 SF
      3054 Mcqueen St, Montgomery, AL 36107-2516
      View Details
    • Value Estimation
      $190,000
      4,978 SF

      1257 Federal Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,978 SF
      1257 Federal Dr, Montgomery, AL 36107-1134
      View Details
    • Value Estimation
      $405,000
      5,468 SF

      1265 Federal Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,468 SF
      1265 Federal Dr, Montgomery, AL 36107-1114
      View Details
    • Value Estimation
      $260,000
      4,214 SF

      1532 Winona Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,214 SF
      1532 Winona Ave, Montgomery, AL 36107-1400
      View Details
    • Value Estimation
      $425,000
      4,829 SF

      1415 Madison Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,829 SF
      1415 Madison Ave, Montgomery, AL 36107-1847
      View Details
    • Value Estimation
      $225,000
      3,961 SF

      2126 Madison Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,961 SF
      2126 Madison Ave, Montgomery, AL 36107-1947
      View Details

    Similar Nearby for Sale

    • $95,000

      Capitol Heights Triplex Investment

      Three-unit multifamily property in Montgomery's Capitol Heights neighborhood.
      2107 Winona Ave, Montgomery, AL 36107
      View Details
    • $89,900

      Remodeled Duplex on Corner Lot

      Remodeled duplex with two units, each featuring 2 bedrooms/1 bath.
      2301 Palmetto St, Montgomery, AL 36107
      View Details
    • Contact for pricing
      120.00 Acres

      120-Acre Montgomery Development Land

      Prime Commercial/Residential Land, 120 Acres
      1401 Federal Dr, Montgomery, AL 36107
      View Details
    • $720,000
      250.00 Acres

      Montgomery County Land - 250 Acres

      Prime 250-acre tract, ideal for development. High traffic counts.
      0 Taylor Rd & Troy Hwy, Montgomery, AL 36107
      View Details
    • Contact for pricing
      0.56 Acres

      Montgomery Commercial Land Opportunity

      Prime 4-acre lot, ideal for development
      1380 Federal Dr, Montgomery, AL 36107
      View Details
    • $250,000
      1.80 Acres

      Prime Millbrook Commercial Land

      1.8-acre lot, ideal for development.
      193 Ashton Park Dr, Montgomery, AL 36107
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      21,216 SF

      Midtown Plaza Retail Space Available

      High-traffic Montgomery retail space.
      969 Ann St, Montgomery, AL 36107
      View Details
    • $14 SF/Yr
      41,225 SF

      Prime Montgomery Retail Space

      41,225 SF Retail Center, Multiple Spaces Available
      1351 Federal Dr, Montgomery, AL 36107
      View Details
    • Contact for pricing
      1,450 SF

      Montgomery Auto Shop For Sale/Lease

      1,450 SF Retail Space, High Traffic Area
      1325 Federal Dr, Montgomery, AL 36107
      View Details
    • $13 SF/Yr
      9,163 SF

      Montgomery Retail Center Investment Opportunity

      High-traffic retail space, two units available.
      2720 Poplar St, Montgomery, AL 36107
      View Details
    • Contact for pricing
      41,225 SF

      Montgomery Plaza Retail Center

      Prime Montgomery retail space, high traffic area.
      1375 Federal Dr, Montgomery, AL 36107
      View Details
    • Contact for pricing
      18,500 SF

      Montgomery Plaza North Retail Space

      Prime Retail/Office Space Available in Montgomery, AL
      1417 Federal Dr, Montgomery, AL 36107
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2243 Madison Ave
    Montgomery, AL 36107-1913
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.