Welcome to 2601 Althea Street, an investment opportunity that actually makes sense.
Located minutes from Tuskegee University, this updated 3-bedroom, 1-bath home sits in one of the strongest rental markets in Macon County. Tuskegee University continues to drive housing demand year after year, making this an excellent opportunity for investors, parents of students, or anyone looking for reliable rental income.
The property comes with something investors love but rarely find: a consistent 17-year rental history. This isn't a property with hypothetical numbers or "potential." It has a proven track record of producing income.
The home has generated $650 per bedroom, or approximately $1,950 per month in gross rental income. That's actual rental history, not wishful thinking and creative spreadsheet math.
Major updates have already been completed, including a newer HVAC system, approximately one year old, a new sump pump in the basement, and kitchen appliances that are approximately three years old. Translation: fewer surprise expenses and fewer maintenance headaches.
Inside, you'll find an updated kitchen with a gas cooktop, washer and dryer connections, and a practical layout that works well for student housing, faculty housing, or traditional long-term tenants.
Parents of Tuskegee University students should take note. Instead of paying rent for the next four years, consider owning the property and renting the additional bedrooms to other students to help offset expenses.
Conveniently located near Tuskegee University, downtown Tuskegee, shopping, restaurants, and everyday amenities.
Properties this close to campus with a documented 17-year rental history, proven income, and recent major updates are becoming harder to find. Whether you're looking to add a cash-flowing rental to your portfolio or secure housing near campus, this one deserves a look.
Run the numbers, schedule a showing, and bring your offer before someone else beats you to it.
For sale
Price cut: $15K (7/8)
$105,000
2601 Althea St, Tuskegee Institute, AL 36088
3beds
1,122sqft
Single Family Residence
Built in 1944
0.27 Acres Lot
$-- Zestimate®
$94/sqft
$-- HOA
What's special
Washer and dryer connections
- 31 days |
- 272 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
MICHAEL GAY,
RE/MAX PROFESSIONAL PARTNERS 334-826-7111
Source: LCMLS,MLS#: 180759Originating MLS: Lee County Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Primary bathroom
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dryer, Gas Cooktop, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), Separate/Formal Dining Room, Updated Kitchen
- Flooring: Ceramic Tile, Wood
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 1,122 sqft
- Finished area above ground: 1,122
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Pool features: None
- Fencing: Chain Link
- Has view: Yes
- View description: None
Lot
- Size: 0.27 Acres
- Dimensions: 155 x 75
- Features: < 1/2 Acre, None
Details
- Parcel number: 15010210030010000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Crawlspace
Condition
- Year built: 1944
Utilities & green energy
- Utilities for property: Natural Gas Available, Water Available
Community & HOA
Community
- Subdivision: CARVER COURT
HOA
- Has HOA: No
- Amenities included: None
- Services included: None
Location
- Region: Tuskegee Institute
Financial & listing details
- Price per square foot: $94/sqft
- Tax assessed value: $48,000
- Annual tax amount: $585
- Date on market: 6/7/2026
- Cumulative days on market: 32 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Price change | $105,000-12.5%$94/sqft |
Source: LCMLS #180759 Report a problem | ||
| 6/7/2026 | Listed for sale | $120,000+14.3%$107/sqft |
Source: LCMLS #180759 Report a problem | ||
| 10/30/2023 | Listing removed | -- |
Source: LCMLS #166435 Report a problem | ||
| 8/10/2023 | Pending sale | $105,000$94/sqft |
Source: LCMLS #166435 Report a problem | ||
| 7/15/2023 | Listed for sale | $105,000$94/sqft |
Source: LCMLS #166435 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $586 -15.2% | $9,600 -15.2% |
| 2024 | $691 +21.7% | $11,320 +21.7% |
| 2023 | $567 -0.1% | $9,300 |
| 2022 | $568 +12.1% | $9,300 +12% |
| 2021 | $506 +6.4% | $8,300 +6.4% |
| 2020 | $476 +3.7% | $7,800 +3.7% |
| 2019 | $459 +158.1% | $7,520 +102.2% |
| 2017 | $178 | $3,720 |
| 2016 | $178 +9.4% | $3,720 +8.1% |
| 2015 | $162 | $3,440 |
| 2014 | $162 -19.4% | $3,440 -16.9% |
| 2013 | $202 +6.2% | $4,140 +5.1% |
| 2010 | $190 | $3,940 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 36088
Nearby schools
GreatSchools rating
- NALewis Adams Early Child CenterGrades: PK-KDistance: 1.8 mi
- 3/10Booker T Washington High SchoolGrades: 7-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: TUSKEGEE PUBLIC ELEMENTARY
- Middle: TUSKEGEE PUBLIC ELEMENTARY
Source: LCMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Alabama
- Macon County
- Tuskegee
- 36088
- 2601 Althea St






