Duplex & Multi Family For Sale in Capitol Heights, Montgomery

Charming Historic Tri-plex in Montgomery! Discover the character and convenience of this multi family home located at 2030 Madison Ave in Montgomery, Alabama. This inviting home features classic hardwood floors in all 3 units. The downstairs unit features 3 bedrooms and 1.5 baths. Upstairs you will find 2 additional units that each have 1 bedroom and 1 bathroom...one of the upstairs units even has a private outdoor balcony—perfect for enjoying a little fresh air. A great opportunity for any investor looking to add to their rental portfolio or for anyone seeking a comfortable living space with historic charm and practical amenities in an established Montgomery neighborhood. Schedule your showing today!

6-Unit Multifamily Investment Opportunity | Montgomery, AL Property Highlights 6 Multifamily Apartment Units 12 Bedrooms | 6 Bathrooms Total 2 Bedrooms | 1 Bathroom Per Unit Approximately 5,400 Sq. Ft. Existing rental income Renovation and value-add potential Opportunity to increase occupancy and rental revenue Nearby Amenities & Attractions Conveniently located with access to major employment centers, shopping, healthcare, and entertainment, including: Alabama State University Gunter Annex – Maxwell Air Force Base Montgomery Zoo & Mann Wildlife Learning Museum Oak Park Downtown Montgomery – Riverfront Park, dining, shopping, and entertainment Baptist Medical Center South and local healthcare facilities Grocery stores and convenience markets Easy access to I-85 and major roadways

Investor-ready triplex offering proven income, immediate leasing upside, and an established rental history. Two units are currently leased at $800 and $995 per month, generating $1,795 in monthly income. The third unit is vacant and actively marketed at $695 per month, giving the next owner the flexibility to place a new tenant, occupy the unit, or evaluate an alternative use. At full occupancy, projected gross rent totals $2,490 per month or $29,880 annually. The property includes a two-bedroom, one-bath unit; a one-bedroom, one-and-a-half-bath unit; and a one-bedroom, one-bath unit. Built in 1930 with approximately 2,484 total square feet, the triplex received renovations before the current owner’s acquisition approximately five years ago. The property is currently professionally managed by River Region Rentals.