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For sale
  • $724,999

    2005 Morgan Ave SW, Decatur, AL 35601

    5beds
    2,450sqft
    : Get pre-qualified
    Apartment
    Built in 1952
    -- sqft lot
    $-- Zestimate®
    $296/sqft
    $-- HOA

    What's special

    Updated flooringLong drivewayHot tubSeparate street frontageCovered patioPrivate backyard
    Exceptional Investment Opportunity in Decatur! Rare chance to own a 3-bedroom, 2-bath home with a 2-car garage plus a fully occupied 5-unit apartment complex on the same property. Positioned back-to-back with separate street frontage, this unique setup offers flexibility for investors and owner-occupants alike. The approximately 1,600 sq. ft. home is well maintained and features updated flooring, a covered patio, private backyard, long driveway, hot tub, and a reliable long-term tenant. The 5-unit complex is fully leased with established tenants, providing immediate and stable cash flow. Live in the home while generating income from the apartments, or rent all six units for maximum returns. Conveniently located in Decatur, one of North Alabama's fastest-growing cities, with easy access to the thriving Huntsville corridor, major employers, shopping, and dining. A rare income-producing property with strong occupancy and long-term growth potential.
    10 hours
    |
    31
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Sandy Nguyen (Binh) 205-253-2500,

    Goal Realty LLC

    Source: GALMLS,MLS#: 21454574MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Cooktop, Refigerator, Stove, Electric Water Heater
      • Laundry: Washer/Dryer Connection
      Features
      • Den, Eat-in Kitchen, Sep Dining, Sep Living, Eating Area-Kitchen
      • Flooring: Tile, Vinyl, Carpet
      Interior area
      • Total interior livable area: 2,450 sqft

      Property

      Parking
      • Parking features: Assigned
      Details
      • Parcel number: 0207361002033.000
      • Special conditions: As Is

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Apartment
      Materials
      • Frame, Siding
      • Foundation: Slab
      Condition
      • Year built: 1952

      Utilities & green energy

      • Water: Public
      • Utilities for property: Sewer Connected

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Decatur

      Financial & listing details

      • Price per square foot: $296/sqft
      • Tax assessed value: $349,500
      • Annual tax amount: $3,166
      • Price range: $725K - $725K
      • Date on market: 5/30/2026
      • Tenant pays: Electricity
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/30/2026Listed for sale$724,999+3.6%$296/sqft
        Source: GALMLS #21454574 Report a problem
        3/31/2026Listing removed$700,000$286/sqft
        Source: ValleyMLS #21866035 Report a problem
        10/31/2025Price change$700,000-4.1%$286/sqft
        Source: ValleyMLS #21866035 Report a problem
        4/16/2025Price change$730,000-0.7%$298/sqft
        Source: ValleyMLS #21866035 Report a problem
        11/19/2024Price change$735,000+1.4%$300/sqft
        Source: ValleyMLS #21866035 Report a problem
        7/17/2024Listed for sale$725,000+190.1%$296/sqft
        Source: ValleyMLS #21866035 Report a problem
        2/26/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/6/2024Listed for rent$1,595$1/sqft
        Source: Zillow Rentals Report a problem
        9/24/2019Sold$249,900$102/sqft
        Source: ValleyMLS #1124524 Report a problem
        7/27/2019Price change$249,9000%$102/sqft
        Source: ERA Ben Porter- Decatur #1124524 Report a problem
        4/13/2017Price change$250,000+19%$102/sqft
        Source: ERA Ben Porter Real Estate #1063229 Report a problem
        2/26/2017Listed for sale$210,000+43.8%$86/sqft
        Source: ERA Ben Porter- Decatur #1063229 Report a problem
        7/17/2013Sold$146,055$60/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,166 $69,900
        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

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 35601

          Getting around

          61 / 100
          Somewhat Walkable
          47 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: West Decatur
          • Middle: Decatur Middle School
          • High: Decatur

          Source: GALMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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