4 Units*High Rents*Great House Hack Live In One Unit, Qualify for 30 Year Fixed Rate Mortgage As Owner Occ, & Collect Rent On Other 3 Units!*7.6% CAP RATE INVESTORS!*Madison School District Including Bob Jones HS*All 2 Bedroom, 2 Full Bathroom Units with Open Floor Plans*Every Unit With Private Balconies/Decks - Separate Storage Units With Each Unit*Plenty of Off Street Parking*Open Floor Plan*Full Kitchens*Spacious Bedrooms*Walk In Closets*Double Pane Windows*Large Kitchens with Dishwashers, Refrigerators, Stove/Range/Ovens, Range Hoods*3 Units Have Been Updated*1 Unit Fixer (But Occupied)*Washers/Dryer Hookups*W/D Machines in Most Units
Sold for $580,000 on 11/10/25
$580,000
351 Gillespie Rd, Madison, AL 35758
--beds
--baths
3,694sqft
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$157/sqft
$1,758 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,758/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 13, 2025 at 10:39am
Listed by:
Carrie Blair 720-840-8606,
Carrie Blair
Bought with:
Tony Sanchez, 134768
Weichert Realtors-The Sp Plce
Source: ValleyMLS,MLS#: 21897632
Facts & features
Interior
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Oven, Refrigerator, Dishwasher, Washer, Dryer, Gas Water Heater
- Laundry: Individual Laundry
Features
- Windows: Insulated Windows
- Has basement: No
Interior area
- Total structure area: 3,694
- Total interior livable area: 3,694 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway-Paved/Asphalt
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
Lot
- Size: 0.30 Acres
Details
- Parcel number: 1603051002001000
- Zoning description: Multi Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Madison
- Subdivision: Rolling Wood
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Sold | $580,000-3.3%$157/sqft |
Source:  ValleyMLS #21897632 | ||
| 10/13/2025 | Pending sale | $599,900$162/sqft |
Source: ValleyMLS #21897632 | ||
| 9/25/2025 | Contingent | $599,900$162/sqft |
Source: ValleyMLS #21897632 | ||
| 8/26/2025 | Listed for sale | $599,900-26.3%$162/sqft |
Source: ValleyMLS #21897632 | ||
| 2/25/2019 | Listing removed | $625 |
Source: Zillow Rental Manager | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,528 +3.6% | $64,880 +3.6% |
| 2024 | $4,370 | $62,600 -66.7% |
| 2023 | $4,370 +20.5% | $187,800 +261.8% |
Find assessor info on the county website
Neighborhood: 35758
Nearby schools
GreatSchools rating
- 10/10Rainbow Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 10/10Discovery Middle SchoolGrades: 6-8Distance: 1.2 mi
- 8/10Bob Jones High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Rainbow Elementary
- Middle: Discovery
- High: Bob Jones
Source: ValleyMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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