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429 N Walnut St Florence, AL $ 555,000
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$ 555,000 Get more info
429 N Walnut St
$ 555,000
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429 N Walnut St

Florence, AL, 35630
$ 555,000
Baths0.0

Monthly Estimate*

$ 3,504

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Studio

Multi-Family Home for sale in Florence, AL

for $555,000. This home was built in 1922 on a lot size of 0.25.

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.

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Multi-Family Active

Price

$ 555,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,589

Style

Lot Size

0.25

Year Built

1922

Town/City

Florence

County/Region

Lauderdale

MLS | Web ID

530999
Features
General
Sewer Public Sewer
Roof Shingle
Year Built 1922
Property Subtype Multiple Dwellings
Community Features Sidewalks Street Lights
County Lauderdale
Property Type Multi-Family
HOA N
Subdivision Name Historic Downtown
Garage Y/N N
Status Active
Directions Highway 72 to Tennessee Street. to north on Walnut. Sign in yard
High School City/County
City Florence
Carport Y/N N
Elementary School City/County
Tax Annual Amount 1589.0
Middle/Junior High School City/County
Standard Status Active
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Interior
Flooring Hardwood
Basement (Y/N) N
Fireplace Y/N N
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Exterior
Parking Features Alley Access Off Street
Water Source Public
Lot Dimensions 65X176
Lot Size Acres 0.25
Waterfront Y/N N
Road Frontage Type City Street
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* Excluded Features
List By
Coldwell Banker Pinnacle Properties

Broker

spillers.lizzie@gmail.com

Email

Affordability Calculator

$3,637
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,504
Monthly Property Taxes
$132
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
1224317 Elementary School
1224492 Middle School
City/County High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/1/2026$555,000 Listed Price

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429 N Walnut St, Florence, AL, 35630 is a Multi-Family Home for sale at $555,000 with a lot size of 0.25. 429 N Walnut St is a studio with 0.0 baths and was built in 1922. The property's zip code is 35630 which is in Florence, AL

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