$859,000

603 S Cedar St Foley, AL 36535

Estimated payment $4,795/month

Total Views 1,306
12 Beds
8 Baths
2,322 Sq Ft
$370 Price per Sq Ft

Highlights

  • Barn
  • Walk-In Closet
  • Storage
  • No HOA
  • Tankless Water Heater
  • Outdoor Storage

About This Home

Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.

Listing Agent

Kim Kelly

RE/MAX of Orange Beach Brokerage Phone: 251-228-2115 Listed on: 09/10/2025

RE/MAX of Orange Beach

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,573

Year Built

  • Built in 2005

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 100 x 170

Home Design

  • Duplex
  • Dimensional Roof
  • Vinyl Siding

Interior Spaces

  • 2,322 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Storage
  • Vinyl Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Walk-In Closet
  • 8 Full Bathrooms

Home Security

  • Fire and Smoke Detector
  • Termite Clearance

Schools

  • Foley Elementary School
  • Foley Middle School
  • Foley High School

Utilities

  • Heating Available
  • Tankless Water Heater

Additional Features

  • Outdoor Storage
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5409294000125.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,573

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • View: None/Not Applicable
  • Parcel Number: 5409294000125.000
  • Year Built: 2005
  • Property Sub-Type: Duplex
  • ResoCommunityFeatures: None
  • Lot Size Acres: 0.351
  • ResoSecurityFeatures: Smoke Detector(s)
  • Attribution Contact: PHONE: 251-228-2115
  • Co List Office Phone: 251-981-2400
  • Ownership: Whole/Full
  • MLS Status: Active
  • Subdivision Name: City of Foley
  • ResoBuildingAreaSource: Assessor
  • Carport Y N: No
  • Reso Interior Features: Ceiling Fan(s), Storage
  • Unit Levels: One
  • Living Area: 2322
  • New Construction: No
  • ResoPropertyCondition: Resale
  • Reso Structure Type: Single Story
  • Reso Window Features: Window Treatments
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator, Tankless Water Heater
  • Full Bathrooms: 8
  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 1
  • Master Bedroom Features: 1st Floor Primary, Walk-In Closet(s)

Exterior Features

  • Roof: Dimensional
  • Waterfront: No
  • View: No
  • Waterfront Features: No Waterfront
  • Construction Type: Vinyl Siding
  • Exterior Features: Storage, Termite Contract
  • Other Structures: Barn(s)

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: None

Utilities

  • Utilities: Riviera Utilities
  • Cooling: Ceiling Fan(s)
  • Heating: Electric
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Foley Middle

Lot Info

  • Lot Dimensions: 100 x 170
  • Lot Size Sq Ft: 15289.56
  • ResoLotSizeUnits: Square Feet
  • Number Of Lots: 1

Tax Info

  • Tax Annual Amount: 3573.2

MLS Schools

  • Elementary School: Foley Elementary
  • HighSchool: Foley High

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

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2025 09/10/25 For Sale $859,000 -- $370 / Sq Ft
Source: Baldwin REALTORS®

Source: Baldwin REALTORS®

MLS Number: 384958

Baldwin REALTORS®
Alabama Baldwin County Foley 36535

603 S Cedar St, Foley, 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.

Baldwin REALTORS® 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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Kim Kelly
Listing Agent
Kim Kelly
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RE/MAX of Orange Beach
(251) 842-4101