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Enterprise, AL Multifamily Homes & Duplexes for Sale

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    $170,000

    • 6 Beds
    • 3 Baths
    • 2,736 Sq Ft

    309 Colony Dr, Enterprise, AL 36330

    Rare multi-unit investment opportunity. Two available properties, 307 and 309 Colony Dr- separate listings. Long term tenants with a wait list. All 1 year leases at $450/$475 rent. Property Manager in place. Home warranty for each unit. (3) 2 br/1 ba units with an outside utility closest with w/d hookups. Showings are limited due to tenant occupied and Property Manager schedule. Call Sheri

    Sheri Thomson Sweet Home Real Estate

    309 Colony Dr, Enterprise, AL 36330
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    $190,000

    • 8 Beds
    • 4 Baths
    • 3,678 Sq Ft

    307 Colony Dr, Enterprise, AL 36330

    Looking for a multi unit investment? This is the property for you. Long term tenants with a wait list. Current rent is $450 with an increase to $475 when lease expires. All 1 year leases. Property Manager in place at 10% of rent. Home Warranty for each unit. (4) - 2BR/1BA with an outside covered patio and utility room with W/D hookups. The property at 309 Colony Dr (triplex) is also for

    Sheri Thomson Sweet Home Real Estate

    307 Colony Dr, Enterprise, AL 36330

Why Live in Enterprise

Enterprise, Alabama, known as “The City of Progress,” has a rich history of resilience and innovation, transitioning from cotton farming to becoming a leading peanut producer in the early 1900s. Today, Enterprise is a hub for military aviation and features a growing downtown area with local shops, restaurants, and a state-of-the-art recreation and aquatics center. Housing options include midcentury ranch-style homes, new construction subdivisions with Contemporary Craftsman and New Traditional homes, early 2000s townhouses, and multi-acre lots on the outskirts. The city has expanded its parks and recreation department, adding multi-use athletic fields at Alfred Peavy Park, a skate park, an 18-hole disc golf course at Johnny Henderson Park, and a 70,000 square-foot rec center set to open in 2025. Main Street boasts historic storefronts with local businesses, fine dining spots like The Rawls Restaurant, bars with live music, and performances at the Southern Broadway Dinner Theater. Enterprise City Schools are highly rated, ranking No. 12 in Alabama with an overall A on Niche, and offer specialized career programs and dual enrollment opportunities. Located in the Wiregrass Region, Enterprise is conveniently connected via U.S. Route 84, 90 miles from Montgomery, 50 miles from the Chattahoochee River, and 80 miles from Gulf Coast beaches. Summers are hot and humid, while winters are short and mild.

Home Trends in Enterprise, AL

Housing Trends

Median Sale Price
$260,000
Median Single Family Sale Price
$304,740
Median Townhouse Sale Price
$159,000
Average Price Per Sq Ft
$143
Number of Homes for Sale
175
Last 12 months Home Sales
692
Months of Supply
3.00
Median List Price
$287,950
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
8%
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