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301 Elmwood Ave Gadsden, AL $ 449,900
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$ 449,900 Get more info
301 Elmwood Ave
$ 449,900
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301 Elmwood Ave

Gadsden, AL, 35903
$ 449,900
Bedrooms12 Baths8.3

Monthly Estimate*

$ 2,807

301 Elmwood Ave, Gadsden, AL 35903 - Image 1
301 Elmwood Ave, Gadsden, AL 35903 - Image 2
301 Elmwood Ave, Gadsden, AL 35903 - Image 3
301 Elmwood Ave, Gadsden, AL 35903 - Image 4
301 Elmwood Ave, Gadsden, AL 35903 - Image 5
301 Elmwood Ave, Gadsden, AL 35903 - Image 6
301 Elmwood Ave, Gadsden, AL 35903 - Image 7
301 Elmwood Ave, Gadsden, AL 35903 - Image 8
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Multi-Family Home for sale in Gadsden, AL

for $449,900 with 12 bedrooms and 8 full baths, 3 half baths. This home was built in 1940.

An investment opportunity awaits with this income-producing featuring 3 single family rental homes and a fully occupied 4-plex all situated on a commercial zoned parcel in a prime, high-visibility location. Each of the three rental homes have central heat and air. The 4-plex includes three 1-bedroom 1-bathroom and one 2 bedroom 1.5 bathrooms. Currently generating a solid rent roll of $3,625.00 per month. All units occupied 100% with long term tenants 5 are overdue for a rent increase. Property is strategically located within 1/2 mile from 2 shopping centers one with Walmart Super Store, 15 restaurants, Gadsden Regional Hospital, new Takkion plant, and 2 large automobile dealerships.

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Multi-Family Active

Price

$ 449,900

Bedrooms

12

Full Bath

8

Half Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Year Built

1940

Town/City

Gadsden

County/Region

Etowah

MLS | Web ID

21432612
Features
General
Heating Central w/Ind Ctrl(HEAT) Electric (HEAT) Gas Heat
Cooling Central Control (COOL) Electric (COOL) Individual Units (COOL) Window Units (COOL)
Development Status Existing
Water Public Water
Status Active Active
Year Built 1940
Parking 2 Spaces per Unit Garage
Tenant Pays All Utilities (TENANT)
Subdivision METES & BOUNDS AL
Water Heater Gas (WTRHTR) Individual Control
County Etowah
Class MULTIFAMILY
Type Apartment
Miscellaneous None/Other Pets Allowed
Sale/Rent For Sale
Status Detail 0
Area Out of Area
Primary City Gadsden
Virtual Tour https://www.propertypanorama.com/instaview/bham/21432612
High School GADSDEN CITY
City GADSDEN
Financing Cash Owner Held Mortgage
Elementary School ADAMS
Middle School GADSDEN
Legal Description H/S BASE YEARLTS 17&18 BLK B ELMWOODNORTH DIV PLAT B-36210-12-6WILL F-13889 1725-169D-2001-2250 T/S-2004-276 RED 07-12-05 D-2005-3054
DOM 74
Postal Code 35903
Price Per Sq Ft Total AG 1
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Exterior
Exterior Brick Siding
Foundation Crawl Space
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Interior
Floors Laminate Some Hardwood Tile Vinyl
Total Number of Units 7
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* Excluded Features
List By
Impact Realty Llc

Broker

rmarkcassidy@aol.com

Email

Affordability Calculator

$2,807
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,807
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4940334 Elementary School
579278 Middle School
Gadsden City High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/29/2025$449,900 Listed Price

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301 Elmwood Ave, Gadsden, AL, 35903 is a Multi-Family Home for sale at $449,900. 301 Elmwood Ave has 12 bedrooms, 8.3 baths, and was built in 1940. The property's zip code is 35903 which is in Gadsden, AL

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