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
$580,000
351 Gillespie Rd, Madison, AL 35758
--beds
--baths
3,694sqft
Multi Family
Built in 1985
-- sqft lot
$529,600 Zestimate®
$157/sqft
$1,640 Estimated rent
Home value
$529,600
$450,000 - $609,000
$1,640/mo
Zestimate® history
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$1,640/mo
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$3,307/mo
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Spacious bedroomsOff street parkingFull kitchensLarge kitchensOpen floor plansRange hoodsDouble pane windows
Zillow last checked:
Listing updated:
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 Report a problem | ||
| 10/13/2025 | Pending sale | $599,900$162/sqft |
Source: ValleyMLS #21897632 Report a problem | ||
| 9/25/2025 | Contingent | $599,900$162/sqft |
Source: ValleyMLS #21897632 Report a problem | ||
| 8/26/2025 | Listed for sale | $599,900-26.3%$162/sqft |
Source: ValleyMLS #21897632 Report a problem | ||
| 2/25/2019 | Listing removed | $625 |
Source: Zillow Rental Manager Report a problem | ||
| 1/30/2019 | Listed for rent | $625 |
Source: Zillow Rental Manager Report a problem | ||
| 6/4/2015 | Sold | $813,750$220/sqft |
Source: Public Record Report a problem | ||
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% |
| 2022 | $3,626 +120.9% | $51,900 +122.4% |
| 2021 | $1,641 +2.8% | $23,340 +2.8% |
| 2020 | $1,597 +20.6% | $22,700 |
| 2019 | $1,324 | $22,700 +23% |
| 2018 | $1,324 +22.6% | $18,460 |
| 2017 | $1,080 | $18,460 |
| 2016 | $1,080 | $18,460 |
| 2015 | $1,080 +4.2% | $18,460 +2.3% |
| 2014 | $1,037 | $18,040 |
Find assessor info on the county website
Neighborhood: 35758
Nearby schools
GreatSchools rating
- 10/10Rainbow Elementary SchoolGrades: K-5Distance: 1.9 mi
- 10/10Discovery Middle SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Bob Jones High SchoolGrades: 9-12Distance: 0.7 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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Estimated market value
$529,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$529,600
- Alabama
- Madison County
- Madison
- 35758
- 351 Gillespie Rd