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.
For sale
$724,999
2005 Morgan Ave SW, Decatur, AL 35601
5beds
2,450sqft
Est.: Get pre-qualified
Apartment
Built in 1952
-- sqft lot
$-- Zestimate®
$296/sqft
$-- HOA
What's special
Updated flooringLong drivewayHot tubSeparate street frontageCovered patioPrivate backyard
- 8 hours |
- 26 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Sandy Nguyen (Binh) 205-253-2500,
Goal Realty LLC
Source: GALMLS,MLS#: 21454574
Tour with a local agent
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Listing removed | $700,000$286/sqft |
Source: | ||
| 10/31/2025 | Price change | $700,000-4.1%$286/sqft |
Source: | ||
| 4/16/2025 | Price change | $730,000-0.7%$298/sqft |
Source: | ||
| 11/19/2024 | Price change | $735,000+1.4%$300/sqft |
Source: | ||
| 7/17/2024 | Listed for sale | $725,000+190.1%$296/sqft |
Source: | ||
| 2/26/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/6/2024 | Listed for rent | $1,595$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/24/2019 | Sold | $249,900$102/sqft |
Source: | ||
| 7/27/2019 | Price change | $249,9000%$102/sqft |
Source: ERA Ben Porter- Decatur #1124524 Report a problem | ||
| 4/13/2017 | Price change | $250,000+19%$102/sqft |
Source: ERA Ben Porter Real Estate #1063229 Report a problem | ||
| 2/26/2017 | Listed for sale | $210,000+43.8%$86/sqft |
Source: ERA Ben Porter- Decatur #1063229 Report a problem | ||
| 7/17/2013 | Sold | $146,055$60/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $38,980 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 35601
Nearby schools
GreatSchools rating
- 3/10Austinville Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 6/10Cedar Ridge Middle SchoolGrades: 6-7Distance: 1.2 mi
- 7/10Austin High SchoolGrades: 9-12Distance: 2.5 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Alabama
- Morgan County
- Decatur
- 35601
- 2005 Morgan Ave SW








