Active

Price cut: $5K (8/31)

$265,000

15 E 20th St, Lanett, AL 36863

--beds

--baths

--sqft

$1,644/mo

Get pre-qualified

Multi Family, Quadruplex

Built in 1949

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

**INVESTOR OPPORTUNITY - FULLY OCCUPIED FOURPLEX!** Add a performing multifamily property to your portfolio with this 100% tenant-occupied fourplex in Lanett. The property includes four 1-bedroom, 1-bath units, offering immediate rental income with no initial lease-up period. Tenants pay their own utilities, helping keep owner-paid operating expenses lower. Positioned near I-85, the property provides convenient access to West Point, Kia Georgia, LaGrange, Auburn, Opelika, and Columbus. This location offers connectivity to several major employment and commercial areas across East Alabama and West Georgia. With all four units currently leased and income already in place, this property may be a strong fit for investors looking for an established rental property, portfolio expansion, or their first multifamily investment. **New price - schedule your showing and review the income potential for yourself.** Please do not disturb tenants. Showings by appointment only.

116 days
184
11

Facts & features

Interior

Heating

Electric

Cooling

Window Unit(s)

Features

Basement: Crawl Space
Has fireplace: No

Property

Parking

Parking features: Parking Pad
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1

Lot

Size: 0.32 Acres

Details

Parcel number: 121007364004005000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Quadruplex

Materials

Vinyl Siding

Condition

Resale
New construction: No
Year built: 1949

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Individual Meters

Community & HOA

Community

Features: None
Subdivision: Callaway Place

HOA

Has HOA: No
Services included: None

Location

Region: Lanett

Financial & listing details

Tax assessed value: $103,040
Annual tax amount: $1,097
Date on market: 5/17/2026
Cumulative days on market: 117 days
Listing agreement: Exclusive Right To Sell

Estimated market value

Not available

Estimated sales range

Not available

$1,276/mo

Price history

Date	Event	Price
8/31/2026	Price change	$265,000-1.9%
Source: LCMLS #180514 Report a problem
8/18/2026	Price change	$270,000-3.6%
Source: LCMLS #180514 Report a problem
7/29/2026	Price change	$280,000-3.4%
Source: LCMLS #180514 Report a problem
5/18/2026	Listed for sale	$290,000+65.7%
Source: LCMLS #180514 Report a problem
8/12/2025	Sold	$175,000+66.7%
Source: Public Record Report a problem
6/29/2023	Sold	$105,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,082	$20,600
2024	$1,082 +15.7%	$20,600 +15.7%
2023	$935	$17,800
2022	$935 +18%	$17,800 +18%
2021	$792	$15,080
2020	$792	$15,080
2019	$792	$15,080
2018	$792	$15,080 +92.8%
2017	$792 +92.8%	$7,820
2016	$411	$7,820
2015	$411	$7,820
2014	$411 +8.2%	$7,820
2013	$379 -4.6%	$7,820 -4.6%
2011	$398	$8,200
2010	$398	$8,200
2009	$398	$8,200