For sale

$700,000

2005 Morgan Ave SW, Decatur, AL 35601

--beds

--baths

5,854sqft

Est.:

Multi Family

Built in 1984

-- sqft lot

$-- Zestimate^®

$120/sqft

$-- HOA

What's special

This property includes a single-family residence and a 5-unit apartment building. Excellent opportunity to begin a profitable real estate portfolio. Property is well maintained and includes recent renovations. Additional 4-unit property is available at 201 8th Avenue, Decatur, AL for additional $400,000.

618 days

120

1

Tour with a local agent

Facts & features

Interior

Heating

Central

Cooling

Central Air

Appliances

Included: Oven, Refrigerator, Dishwasher, W/D Hookup, Electric Water Heater

Features

Has basement: No

Interior area

Total structure area: 5,854
Total interior livable area: 5,854 sqft

Property

Parking

Total spaces: 12
Parking features: Private, Lighted, Off Street

Features

Patio & porch: Patio, Deck, Porch
Exterior features: Balcony
Fencing: Wood

Lot

Size: 0.36 Acres
Dimensions: 90 x 172

Details

Parcel number: 02 07 36 1 002 033.000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1984

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Railroad Association

Location

Region: Decatur

Financial & listing details

Price per square foot: $120/sqft
Tax assessed value: $349,500
Annual tax amount: $3,166
Date on market: 7/17/2024

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/31/2025	Price change	$700,000-4.1%$120/sqft
Source: ValleyMLS #21866035 Report a problem
4/16/2025	Price change	$730,000-0.7%$125/sqft
Source: ValleyMLS #21866035 Report a problem
11/19/2024	Price change	$735,000+1.4%$126/sqft
Source: ValleyMLS #21866035 Report a problem
7/17/2024	Listed for sale	$725,000+190.1%$124/sqft
Source: ValleyMLS #21866035 Report a problem
2/26/2024	Listing removed	--
Source: Zillow Rentals Report a problem
2/6/2024	Listed for rent	$1,595
Source: Zillow Rentals Report a problem
9/24/2019	Sold	$249,900$43/sqft
Source: ValleyMLS #1124524 Report a problem
7/27/2019	Price change	$249,9000%$43/sqft
Source: ERA Ben Porter- Decatur #1124524 Report a problem
4/13/2017	Price change	$250,000+19%$43/sqft
Source: ERA Ben Porter Real Estate #1063229 Report a problem
2/26/2017	Listed for sale	$210,000+43.8%$36/sqft
Source: ERA Ben Porter- Decatur #1063229 Report a problem
7/17/2013	Sold	$146,055$25/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,166 +13.5%	$69,900 +13.5%
2023	$2,789	$61,560
2022	$2,789 +18.8%	$61,560 +18.8%
2021	$2,348	$51,840
2020	$2,348	$51,840 +34.6%
2019	$2,348 +38.4%	$38,520 +28.1%
2015	$1,697 -0.3%	$30,060 -20%
2014	$1,702	$37,580 -18.8%
2013	$1,702 -0.9%	$46,300 +18.8%
2012	$1,718	$38,980