$449,900

303 Elmwood Ave Gadsden, AL 35903

Estimated payment $2,473/month

Total Views 91
-- Bed
-- Bath
7,200 Sq Ft
$62 Price per Sq Ft

About This Home

An excellent investment opportunity awaits with this income-producing property featuring three single family rental homes and a fully occupied 4-plex-all situated on a commercially zoned parcel in a prime, high-visibility location. Each of the three rental homes is equipped with central heat and air. The 4-plex includes three 1-bedroom 1-bathroom units and one 2-bedroom 1.5- bathrooms. Currently generating a sold rent roll of $3,125/month, this property is 100% occupied by long term tenants. Strategically located just behind Cookout, Doctors Care, and Murphy's gas station. Call today and schedule your showing today!

Listing Agent

Mark Cassidy

Impact Realty, LLC License #104031 Listed on: 08/27/2025

Co-Listing Agent

Paris Denson

Impact Realty, LLC License #102196

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $327

Home Design

Parking

  • 15 Parking Spaces
  • Open Parking
  • Parking Lot

Schools

  • Litchfield Middle Elementary School
  • Gadsden City High School

Additional Features

  • 1 Acre Lot
  • No Heating

Community Details

  • 4 Buildings
  • 7 Units
  • 7,200 Sq Ft Building
  • Metes And Bounds Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$327

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1
  • Co List Office Mls Id: 136200
  • Subdivision Name: Metes And Bounds
  • New Construction: No
  • Special Features: None

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway-Concrete, Parking Lot
  • Total Parking Spaces: 15

Utilities

  • Sewer: Public Sewer
  • Heating Yn: No
  • Water Source: Public

Schools

  • Middle Or Junior School: Litchfield Middle

Lot Info

  • Lot Size Sq Ft: 43560
  • Zoning Description: Business,Commercial,Multi Family

Green Features

Multi Family

  • Number Of Units Total: 7

MLS Schools

  • Elementary School: Adams Elementary
  • High School: Gadsden City High

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $327 $6,680 $580 $6,100
2023 $327 $6,680 $580 $6,100
2022 $324 $6,620 $0 $0
2021 $255 $5,200 $580 $4,620
2020 $255 $5,200 $0 $0
2019 $255 $5,200 $0 $0
2017 $256 $5,220 $0 $0
2016 $256 $5,220 $0 $0
2015 $251 $5,220 $0 $0
2013 -- $4,980 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 For Sale $449,900 -- $62 / Sq Ft
Source: ValleyMLS.com

Source: ValleyMLS.com

MLS Number: 21897659

ValleyMLS.com

APN: 15-02-10-1-000-032.000

Alabama Etowah County Gadsden 35903

303 Elmwood Ave, Gadsden, AL

This home is located at 303 Elmwood Ave, Gadsden, AL 35903 and is currently priced at $449,900, approximately $62 per square foot. 303 Elmwood Ave is a home located in Etowah County with nearby schools including Adams Elementary School, Litchfield Middle School, and Gadsden City High School.

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Listing Agent
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Impact Realty, LLC
(256) 390-1997