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Sold for $100,000
  • $100,000

    2601 Althea St, Tuskegee Institute, AL 36088

    3beds
    1,122sqft
    Single Family Residence
    Built in 1944
    0.27 Acres Lot
    $100,000 Zestimate®
    $89/sqft
    $1,060 Estimated rent

    Home value

    $100,000

    Estimated sales range

    Not available

    $1,060/mo

    Zestimate® history
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    What's special

    Washer and dryer connections
    Offer accepted, pending delivery of Earnest Money to closing attorney. 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    MICHAEL GAY,

    RE/MAX PROFESSIONAL PARTNERS 334-826-7111

    Bought with:

    Non Member

    NON MEMBER

    Source: LCMLS,MLS#: 180759Originating MLS: Lee County Association of REALTORS

    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: $89/sqft
    • Tax assessed value: $48,000
    • Annual tax amount: $585
    • Date on market: 6/7/2026
    • Cumulative days on market: 37 days

    Price history

    DateEventPrice
    8/12/2026Sold$100,000-4.8%$89/sqft
    Source: LCMLS #180759 Report a problem
    7/14/2026Pending sale$105,000$94/sqft
    Source: LCMLS #180759 Report a problem
    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

    Neighborhood: 36088

    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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