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.
Active under contract
$859,000
603 Cedar St, Foley, AL 36535
12beds
2,322sqft
Est.:
Duplex, Multi Family
Built in 2005
-- sqft lot
$-- Zestimate®
$370/sqft
$-- HOA
What's special
New asphalt drivewayNew fortified roofNew appliancesTankless water heaters
- 159 days |
- 311 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: January 31, 2026 at 01:45pm
Listed by:
Kimberly Kelly PHONE:251-228-2115,
RE/MAX of Orange Beach
Source: Baldwin Realtors,MLS#: 384958
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Primary bedroom
- Features: 1st Floor Primary, Walk-In Closet(s)
Heating
- Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Microwave, Electric Range, Refrigerator, Tankless Water Heater
Features
- Ceiling Fan(s), Storage
- Flooring: Vinyl
- Windows: Window Treatments
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,322
- Total interior livable area: 2,322 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Storage, Termite Contract
- Has view: Yes
- View description: None
- Waterfront features: No Waterfront
Lot
- Size: 0.35 Acres
- Dimensions: 100 x 170
Details
- Additional structures: Barn(s)
- Parcel number: 5409294000125.000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
- Roof: Dimensional
Condition
- Resale
- New construction: No
- Year built: 2005
Utilities & green energy
- Utilities for property: Riviera Utilities
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: City of Foley
HOA
- Has HOA: No
Location
- Region: Foley
Financial & listing details
- Price per square foot: $370/sqft
- Annual tax amount: $3,573
- Price range: $859K - $859K
- Date on market: 9/10/2025
- Ownership: Whole/Full
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2025 | Listed for sale | $859,000$370/sqft |
Source:  Baldwin Realtors #384958 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$4,322/mo
Principal & interest
$4064
Property taxes
$258
Climate risks
Neighborhood: 36535
Nearby schools
GreatSchools rating
- 4/10Foley Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 4/10Foley Middle SchoolGrades: 7-8Distance: 0.5 mi
- 7/10Foley High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Foley Elementary
- Middle: Foley Middle
- High: Foley High
Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Loading
