603 Cedar Street, Foley, AL 36535

Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
603 Cedar Street,Foley, AL 36535
$859,000
  • 12 Beds
  • 8 Baths
  • 2,322 sq. ft.
  • Multi-family
  • Active
Listed by: kimberly kellyPHONE: 251-228-2115
Office: re/max of orange beach
MLS#:384958
Source:AL_BCAR

Price summary

  • Price:$859,000
  • Price per sq. ft.:$369.94

About this home

Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.

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Home facts

  • Year built:2005
  • Listing ID #:384958
  • Added:134 day(s) ago
  • Updated:January 22, 2026 at 03:31 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:8
  • Full bathrooms:8
  • Living area:2,322 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s)
  • Heating:Electric

Structure and exterior

  • Roof:Dimensional
  • Year built:2005
  • Building area:2,322 sq. ft.
  • Lot area:0.35 Acres

Schools

  • High school:Foley High
  • Middle school:Foley Middle
  • Elementary school:Foley Elementary

Finances and disclosures

  • Price:$859,000
  • Price per sq. ft.:$369.94
  • Tax amount:$3,573

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