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For sale
  • Price cut: $15K (7/8)
    $105,000

    2601 Althea St, Tuskegee Institute, AL 36088

    3beds
    1,122sqft
    : 
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    Single Family Residence
    Built in 1944
    0.27 Acres Lot
    $-- Zestimate®
    $94/sqft
    $-- HOA

    What's special

    Washer and dryer connections
    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.
    31 days
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    272
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    12
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    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

        DateEventPrice
        7/8/2026Price change$105,000-12.5%$94/sqft
        Source: LCMLS #180759 Report a problem
        6/7/2026Listed for sale$120,000+14.3%$107/sqft
        Source: LCMLS #180759 Report a problem
        10/30/2023Listing removed--
        Source: LCMLS #166435 Report a problem
        8/10/2023Pending sale$105,000$94/sqft
        Source: LCMLS #166435 Report a problem
        7/15/2023Listed for sale$105,000$94/sqft
        Source: LCMLS #166435 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Getting around

        21 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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