$599,900

351 Gillespie Rd Madison, AL 35758

Estimated payment $3,626/month

Total Views 147
-- Bed
-- Bath
3,694 Sq Ft
$162 Price per Sq Ft

Highlights

  • Balcony
  • Central Air
  • Heating System Uses Natural Gas
  • Rainbow Elementary School Rated A

About This Home

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 Closets*Double Pane Windows*Large Kitchens with Dishwashers, Refrigerators, Stove/Range/Ovens, Range Hoods*3 Units Have Been Updated*1 Unit Fixer (But Occupied)*Washers/Dryers Included in 2 Units

Listing Agent

Carrie Blair

Carrie Blair License #132271 Listed on: 08/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,370

Year Built

  • Built in 1985

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Property has 2 Levels
  • Insulated Windows
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Discovery Elementary School
  • Bob Jones High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Balcony
  • 1,307 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 1603051002001000

Community Details

Overview

  • 4 Units
  • 3,694 Sq Ft Building
  • Rolling Wood Subdivision

Building Details

  • Water Sewer Expense $943

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,370

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.03
  • Subdivision Name: Rolling Wood
  • New Construction: No
  • Efficiency: Insulated Wdw
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Refrigerator, Oven, Washer
  • Levels: Two

Exterior Features

  • Construction Type: Brick
  • Exterior Features: Balcony

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway-Paved/Asphalt
  • Total Parking Spaces: 4

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air
  • Gas: Natural
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 943

Schools

  • Middle Or Junior School: Discovery

Lot Info

  • Parcel Number: 1603051002001000
  • Lot Size Sq Ft: 1306.8
  • Zoning Description: Multi Family

Green Features

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Lot: 1

MLS Schools

  • Elementary School: Rainbow Elementary
  • High School: Bob Jones

Map

Range of Values:

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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 $4,370 $62,600 $17,000 $45,600
2023 $4,370 $62,600 $17,000 $45,600
2022 $3,626 $51,900 $17,000 $34,900
2021 $1,641 $23,340 $3,900 $19,440
2020 $1,597 $22,700 $3,260 $19,440
2019 $1,324 $22,700 $3,260 $19,440
2018 $1,080 $18,460 $0 $0
2017 $1,080 $18,460 $0 $0
2016 $1,080 $18,460 $0 $0
2015 $1,080 $18,460 $0 $0
2014 $1,037 $18,040 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 For Sale $599,900 -- $162 / Sq Ft
Source: ValleyMLS.com

Purchase History

Date Type Sale Price Title Company
Deed $1,822,260 Harrison & Gammons Pc
Warranty Deed $813,750 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $105,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Source: ValleyMLS.com

MLS Number: 21897632

ValleyMLS.com

APN: 16-03-05-1-002-001.000

Alabama Madison County Madison 35758

351 Gillespie Rd, Madison, AL

This home is located at 351 Gillespie Rd, Madison, AL 35758 and is currently priced at $599,900, approximately $162 per square foot. This property was built in 1985. 351 Gillespie Rd is a home located in Madison County with nearby schools including Rainbow Elementary School, Discovery Middle School, and Bob Jones High School.

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