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Madison, AL Multifamily Home for Sale

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    $599,900

    • 3,694 Sq Ft

    351 Gillespie Rd, Madison, AL 35758

    4 Units*High Rents*Great House Hack Live In One Unit, Qualify for 30 Year Fixed Rate Mortgage As Owner Occ, & Collect Rent On Other 3 Units!*7.6% CAP RATE INVESTORS!*All 2 Bedroom, 2 Full Bathroom Units with Open Floor Plans*Every Unit With Private Balconies/Decks - Separate Storage Units With Each Unit*Plenty of Off Street Parking*Open Floor Plan*Full Kitchens*Spacious Bedrooms*Walk In

    Carrie Blair Carrie Blair

    351 Gillespie Rd, Madison, AL 35758

Why Live in Madison

Madison, Alabama, a growing community near Huntsville, offers a mix of rural charm and urban amenities, attracting families and young professionals. With a population of just over 60,000, Madison is known for its highly rated Madison City School system, which ranks as the top district in the Huntsville area. The city is approximately 15 miles west of Huntsville, providing easy access to major employers like Redstone Arsenal and Cummings Research Park. Madison features a variety of home styles, including New Traditional houses in modern subdivisions and older ranch-style homes on the outskirts. The city has seen significant development, with new master-planned communities and commercial areas such as Clift Farm and Town Madison. These areas offer numerous dining options, including local sports bars, chain restaurants, and unique spots like J. Alexander's and The Yard Milkshake Bar. Madison's historic downtown district is home to locally-owned shops and the Old Black Bear Brewing Company. For recreation, residents can enjoy 500 acres of parks and trails, with Dublin and Palmer parks offering spaces for activities like soccer. Toyota Field hosts the Rocket City Trash Pandas baseball games and concerts. Madison's crime rates are comparable to the national average, with efforts in place to enhance safety through community design and engagement. The city is well-connected via U.S. Highway 72 and Interstate 565, with plans to expand trails and bike lanes for better connectivity.

Home Trends in Madison, AL

Housing Trends

Median Sale Price
$375,000
Median Single Family Sale Price
$401,445
Median Townhouse Sale Price
$256,900
Median 2 Bedroom Sale Price
$190,000
Median 1 Bedroom Sale Price
$149,000
Average Price Per Sq Ft
$176
Number of Homes for Sale
761
Last 12 months Home Sales
1,779
Months of Supply
5.10
Median List Price
$392,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
1%
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