107 Bailey Street, Rainbow City, AL 35906

Rainbow City
Local realty services provided by:Better Homes and Gardens Real Estate Southern Premiere
107 Bailey Street,Rainbow City, AL 35906
$1,900,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Office: era king real estate
MLS#:21923737
Source:AL_NALMLS

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Price summary

  • Price:$1,900,000

About this home

Instant Income-Producing Investment Opportunity! Seize this exceptional opportunity to own a 38-unit apartment complex providing historical occupancy and rental income from day one. This well-maintained property features a desirable unit mix of 31 two-bedroom units with 1½ bath and 7 one-bedroom units with 1 bath appealing to a broad range of tenants. Located in Rainbow City, an economical and residential bright spot within the Gadsden and Etowah County area just minutes from shopping, schools and major interstate access. This apartment complex presents an outstanding opportunity with long-term growth potential.

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Home facts

  • Year built:1976
  • Subdivision & Development:J. LOWERY ROGERS
  • Listing ID #:21923737
  • Added:115 day(s) ago
  • Updated:November 07, 2026 at 10:23 AM

Rooms and interior

  • Kitchen Description:Refrigerator

Heating and cooling

  • Cooling:Central Air
  • Central air:Yes

Structure and exterior

  • Year built:1976
  • Construction Materials:Frame
  • Exterior Features:Patio
  • Levels:1 Story, 2 Story

Schools

  • High school:SOUTHSIDE HIGH SCHOOL
  • Middle school:RAINBOW
  • Elementary school:JOHN S JONES ELEMENTARY

Finances and disclosures

  • Price:$1,900,000
  • Tax amount:$8,679 (2025)

Features and amenities

  • Appliances:Refrigerator

Parking

  • Total parking spaces:42
  • Parking description:Lighted, Parking Lot, Private
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