Rare 4 Unit Investment Property in Historic Downtown Montgomery on Madison Ave! Proven AirBnb Performer, Currently leased at $12,000 per month! Opportunities like this don't come around often - located in the heart of historic downtown Montgomery, this fully renovated 4 Unit Apartment Building features (2) 1 BR/1BA units & (2) Efficiency units - convenient for Airbnb travelers, corporate stays, military students, extended guests or long term tenants! Updated kitchens, baths, flooring, mechanical systems and exterior! On site parking, security camera system, and secure coded entry for guests! Walking distance to downtown restaurants and attractions. Cash Flow from Day 1 - temporarily leased to a private party for $12k per month, and proven Airbnb income track record when lease ends. Turn-key investment and rental opportunity for someone looking for a multi-family property near the city attractions and major employers!
For sale
$540,000
2239 Madison Ave, Montgomery, AL 36107
4beds
4baths
--sqft
Est.:
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Security camera systemUpdated kitchensOn site parking
- 3 days |
- 213 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 06:17am
Listed by:
Jamie Thompson 334-356-7575,
EXIT Garth Realty
Source: MAAR,MLS#: 582081
Originating MLS: Montgomery Area Association Of Realtors
Originating MLS: Montgomery Area Association Of RealtorsTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Ductless
Cooling
- Ductless
Appliances
- Included: Electric Range, Electric Water Heater, Microwave, Refrigerator
Features
- Eat-in Kitchen
- Flooring: Tile, Wood
Property
Parking
- Parking features: Concrete, Driveway, Parking Pad
Features
- Levels: One
- Stories: 1
- Pool features: None
Details
- Parcel number: 1003084001002.000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available
Community & HOA
Community
- Subdivision: Capitol Heights
HOA
- Has HOA: No
Location
- Region: Montgomery
Financial & listing details
- Tax assessed value: $107,500
- Annual tax amount: $1,043
- Date on market: 12/7/2025
- Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
- Lease term: None
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/7/2025 | Listed for sale | $540,000+928.6% |
Source:  MAAR #582081 Report a problem | ||
| 10/19/2018 | Listing removed | $795 |
Source: BMB Property Management, LLC Report a problem | ||
| 7/19/2018 | Price change | $795-3.6% |
Source: BMB Property Management, LLC Report a problem | ||
| 2/20/2018 | Price change | $825-2.4% |
Source: BMB Property Management, LLC Report a problem | ||
| 2/6/2018 | Price change | $845-5.6% |
Source: BMB Property Management, LLC Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,043 +17.5% | $21,500 +17.5% |
| 2023 | $888 +43.9% | $18,300 +8.3% |
| 2022 | $617 +7.8% | $16,900 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,007/mo
Principal & interest
$2651
Home insurance
$189
Property taxes
$167
Climate risks
Neighborhood: 36107
Nearby schools
GreatSchools rating
- 2/10Morningview Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 2/10Capitol Heights Jr High SchoolGrades: 6-8Distance: 0.3 mi
- 2/10Lee High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Middle: ,
Source: MAAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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