Alabama assets with immediate in-place rental income in the Decatur dynamic real estate market

1816 Glenn Street, 1803 Graymont Lane SW, 1809 Windover Place, 202 Somerville Rd SE Decatur, AL 35603, 35601

1816 Glenn Street, 1803 Graymont Lane SW, 1809 Windover Place, 202 Somerville Rd SE, Decatur, AL, 35603, 35601
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,450,000
Last Verified:
Nov 13, 2025

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Highlights

  • - 13,968 SF across four separate buildings
  • - 14 units offering value-add opportunity
  • - Impressive 100% occupancy rate
  • - Achieved proven market rents
  • - Well-maintained with recent updates and upgrades
  • - Short commute to major corporate manufacturing and distribution plants

Description

Introducing an exceptional investment opportunity in Decatur, Alabama—14 multifamily properties that are well maintained with recent renovations. The portfolio consists of three 4-plex buildings and one duplex that boasts an impressive 100% occupancy rate, these multifamily gems offer a prime locations within the thriving Decatur area. Units are recently renovated offering modern comforts and conveniences, ensuring tenant satisfaction and maximizing investment potential. With its strong occupancy rate and strategic positioning, this portfolio presents a compelling opportunity for multifamily/low-rise/garden investors seeking an asset with immediate in-place rental income in the dynamic Decatur real estate market.

Portfolio includes:
1816 Glenn Street, Decatur, AL 35603, built 1985, 4 units, property tax $1,997.73; insurance $2,147.22
1803 Graymont Lane, Decatur, AL 35603, built 1985, 4 units, property tax $2,024.91; insurance $2,176.35
1809 Windover Place, Decatur, AL 35603, built 1985, 4 units, property tax $2,018.58; insurance $2,145.90
202 Somerville Road, Decatur, AL 35601, built 1956, 2 units, property tax $1,638.06; insurance $1,298.89

Discover the thriving Decatur, Alabama market surrounding the sought-after 14-unit multifamily portfolio. Nestled in a dynamic area, residents enjoy proximity to a wealth of conveniences, including shopping destinations, dining options, and recreational facilities. With its close proximity to major highways and public transportation, residents experience seamless connectivity to surrounding areas and the broader Decatur region for both work and pleasure. The area's desirable amenities and accessibility make it an attractive choice for multifamily/low-rise/garden investors seeking a strategic and appealing investment opportunity in the heart of Decatur, Alabama.


Year Built: 1985
Building Size: 13968sq ft
Lot Size: 0 acres


Documents

Brochure

Map of 1816 Glenn Street, 1803 Graymont Lane SW, 1809 Windover Place, 202 Somerville Rd SE, Decatur, AL, 35603, 35601

Presented by:
Gateway Alabama Realty Group LLC

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Len Johnson


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.