For sale

Price cut: $15.1K (8/7)

$279,900

261 Cypress Mill Rd #2, Florence, AL 35630

2beds

1,800sqft

$1,626/mo

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Single Family Residence

Built in 1930

871 Square Feet Lot

$269,600 Zestimate^®

$156/sqft

$-- HOA

What's special

Looking for an opportunity? Take a look at this commercial and residential building! You can have a business and residents. Versatile multi-use property offering endless potential! This unique property features two separate apartments, one upstairs and one downstairs, each with its own private entrance. The flexible layout also allows the ground floor to be utilized as a business space while maintaining a private apartment upstairs, making it ideal for investors, entrepreneurs, or owner-occupants. For those looking to expand, the property also presents an excellent redevelopment opportunity for multi-unit apartments. With so many possibilities, this property is a rare find. Seller is also offering a Home Warranty for added peace of mind.

86 days

142

4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1
Main level bedrooms: 1

Basement

Area: 0

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,800
Total interior livable area: 1,800 sqft
Finished area above ground: 1,800
Finished area below ground: 0

Property

Parking

Parking features: Additional Parking

Features

Frontage length: 55

Lot

Size: 871 Square Feet
Dimensions: 55 x 125

Details

Parcel number: 2402033005052000
Zoning: R1

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

Year built: 1930

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: None

HOA

Has HOA: No

Location

Region: Florence

Financial & listing details

Price per square foot: $156/sqft
Annual tax amount: $525
Price range: $279.9K - $279.9K
Date on market: 5/22/2026

Estimated market value

$269,600

$256,000 - $283,000

$1,417/mo

Price history

Date	Event	Price
8/7/2026	Price change	$279,900-5.1%$156/sqft
Source: Strategic MLS Alliance #529070 Report a problem
7/17/2026	Pending sale	$295,000$164/sqft
Source: Strategic MLS Alliance #529070 Report a problem
6/9/2026	Price change	$295,000-14.5%$164/sqft
Source: Strategic MLS Alliance #529070 Report a problem
5/22/2026	Listed for sale	$344,900$192/sqft
Source: Strategic MLS Alliance #529070 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 35630

Getting around

68 / 100

Somewhat Walkable

49 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

5/10
Hibbett School
Grades: K-6Distance: 0.6 mi
9/10
Florence Middle School
Grades: 7-8Distance: 1 mi
8/10
Florence High School
Grades: 10-12Distance: 1.8 mi

Schools provided by the listing agent

Elementary: City
Middle: City
High: City

Source: Strategic MLS Alliance. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.