$555,000

429 N Walnut St Florence, AL 35630

Downtown Florence Neighborhood

Estimated payment $3,179/month

Total Views 17
-- Beds
-- Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • 3-minute walk to Wilson Park

About This Home

FIVE separate apartments in this charming rental property located in the heart of Florence’s prestigious Historic District. Walnut Street is one of Florence’s most desirable streets, and this home blends seamlessly with the surrounding historic area. Five fully rented 1bed/1bath apts attract long term tenants and include beautiful architectural elements, high ceilings, hardwoods, porches, laundry hookups and varying unit sizes. Rents range from $530 - $1125. HVAC units are 2022 or newer, 10-year-old roof, new exterior paint and 5 off-street parking spots. Easy walking distance to downtown shops, restaurants, Wilson Park, the University of North Alabama and it's new football stadium. This exceptional investment offers strong rental income with value-add potential. Short-term rental use possible. Start your investment on day one to add or begin your real estate portfolio. Properties like this are rarely available - perfect for those who value character, convenience and charm.

Listing Agent

Spillers Rogers Team

Coldwell Banker Pinnacle Properties Listed on: 09/01/2026

Co-Listing Agent

Jeannie Rogers

Coldwell Banker Pinnacle Properties License #000054747

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,589

Year Built

  • Built in 1922

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 65x176

Parking

  • Alley Access

Home Design

  • Shingle Roof

Flooring

  • Wood Flooring

Schools

  • City/County Elementary And Middle School
  • City/County High School

Community Details

  • No Home Owners Association
  • Florence Community
  • Historic Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-01-11-3-003-024-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,589

Year Built

Built in 1922

Lot Details

0.25 Acres

Listing Details

  • Lot Dimensions: 65X176
  • Road Frontage Type: City Street
  • Subdivision Name: Historic Downtown
  • PropertySubType: Multi Family
  • PropertyType: Residential Income
  • Lot Size Acres: 0.25
  • Co List Office Mls Id: S8
  • Co List Office Phone: 256-766-0069
  • Co List Office Phone: 256-766-0069
  • MLS Status: Active
  • Multiple_Level_YN: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No
  • Flooring: Hardwood

Exterior Features

  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Parking Features: Alley Access, Off Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights
  • Planned Community Name: Florence

Schools

  • Middle Or Junior School: City/County

Lot Info

  • Parcel Number: 24-01-11-3-003-024-000

Building Info

  • Year Built: 1922

Multi Family

Tax Info

  • Tax Annual Amount: 1589.0

MLS Schools

  • Elementary School: City/County
  • HighSchool: City/County

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,590 $32,440 $0 $0
2024 $1,590 $30,320 $1,760 $28,560
2023 $1,486 $1,580 $1,580 $0
2022 $1,228 $25,060 $0 $0
2021 $1,014 $20,700 $0 $0
2020 $892 $18,200 $0 $0
2019 $892 $18,200 $0 $0
2018 $864 $17,640 $0 $0
2017 $796 $17,180 $0 $0
2016 $796 $16,240 $0 $0
2015 $909 $18,560 $0 $0
2014 $858 $17,520 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/01/2026 09/01/26 For Sale $555,000 -- --
Source: Strategic MLS Alliance (Cullman / Shoals Area)

Source: Strategic MLS Alliance (Cullman / Shoals Area)

MLS Number: 530999

Strategic MLS Alliance (Cullman / Shoals Area)

APN: 24-01-11-3-003-024.000

Alabama Lauderdale County Florence 35630 Downtown Florence

429 N Walnut St, Florence, AL

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.

Strategic MLS Alliance (Cullman / Shoals Area) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Coldwell Banker Pinnacle Properties
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