Seller's Agent in 2026
Kim Kelly
RE/MAX of Orange Beach
(251) 228-2115
124 Total Sales
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.
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| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/27/2026 02/27/26 | Sold | $828,000 | -3.6% | $357 / Sq Ft |
| 01/31/2026 01/31/26 | Pending | -- | -- | -- |
| 09/10/2025 09/10/25 | For Sale | $859,000 | -- | $370 / Sq Ft |
Seller's Agent in 2026
Kim Kelly
RE/MAX of Orange Beach
(251) 228-2115
124 Total Sales
Source: Baldwin REALTORS®
MLS Number: 384958
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