2239 Madison Ave Montgomery, AL 36107
Capitol Heights NeighborhoodEstimated payment $2,917/month
Highlights
- Wood Flooring
- Eat-In Kitchen
- 1-Story Property
- No HOA
About This Home
Rare 4 Unit Investment Property in Historic Downtown Montgomery on Madison Ave! Proven AirBnb Performer, Currently leased at $12,000 per month! Opportunities like this don't come around often - located in the heart of historic downtown Montgomery, this fully renovated 4 Unit Apartment Building features (2) 1 BR/1BA units & (2) Efficiency units - convenient for Airbnb travelers, corporate stays, military students, extended guests or long term tenants! Updated kitchens, baths, flooring, mechanical systems and exterior! On site parking, security camera system, and secure coded entry for guests! Walking distance to downtown restaurants and attractions. Cash Flow from Day 1 - temporarily leased to a private party for $12k per month, and proven Airbnb income track record when lease ends. Turn-key investment and rental opportunity for someone looking for a multi-family property near the city attractions and major employers!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Home Design
- Brick Exterior Construction
Kitchen
- Eat-In Kitchen
- Electric Range
- Microwave
Flooring
- Wood
- Tile
Parking
- Parking Pad
- Driveway
Additional Features
- 1-Story Property
- Electric Water Heater
Community Details
- No Home Owners Association
- 4 Units
- Capitol Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 1003084001002.000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $949 | $19,400 | $3,000 | $16,400 |
| 2024 | $1,051 | $21,500 | $3,000 | $18,500 |
| 2023 | $1,051 | $18,300 | $3,000 | $15,300 |
| 2022 | $617 | $16,900 | $3,000 | $13,900 |
| 2021 | $572 | $15,680 | $2,400 | $13,280 |
| 2020 | $544 | $14,900 | $2,400 | $12,500 |
| 2019 | $552 | $15,120 | $2,400 | $12,720 |
| 2018 | $499 | $13,660 | $0 | $0 |
| 2017 | $521 | $14,280 | $2,400 | $11,880 |
| 2014 | $578 | $15,840 | $2,400 | $13,440 |
| 2013 | -- | $15,680 | $2,400 | $13,280 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/07/2025 12/07/25 | For Sale | $540,000 | +1442.9% | -- | |
| 09/29/2016 09/29/16 | Sold | $35,000 | -80.6% | $21 / Sq Ft | View Prior Sale |
| 09/13/2016 09/13/16 | Pending | -- | -- | -- | |
| 02/05/2015 02/05/15 | For Sale | $180,000 | -- | $108 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $52,500 | None Available | |
| Warranty Deed | -- | -- |
Source: Montgomery Area Association of REALTORS®
MLS Number: 582081
APN: 10-03-08-4-001-002.000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable, but not guaranteed. Listing Information Copyright 2025 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than Ten-X are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.
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