For sale

$555,000

429 Walnut St, Florence, AL 35630

--beds

--baths

--sqft

$3,297/mo

Get pre-qualified

Multi Family

Built in 1922

-- sqft lot

$519,100 Zestimate^®

$--/sqft

$-- HOA

What's special

New exterior paintBeautiful architectural elementsLaundry hookupsVarying unit sizesHigh ceilings

FIVE separate apartments in this charming rental property located in the heart of Florence’s prestigious Historic District. Walnut Street is one of Florence’s most desirable streets, and this home blends seamlessly with the surrounding historic area. Five fully rented 1bed/1bath apts attract long term tenants and include beautiful architectural elements, high ceilings, hardwoods, porches, laundry hookups and varying unit sizes. Rents range from $530 - $1125. HVAC units are 2022 or newer, 10-year-old roof, new exterior paint and 5 off-street parking spots. Easy walking distance to downtown shops, restaurants, Wilson Park, the University of North Alabama and it's new football stadium. This exceptional investment offers strong rental income with value-add potential. Short-term rental use possible. Start your investment on day one to add or begin your real estate portfolio. Properties like this are rarely available - perfect for those who value character, convenience and charm.

4 days
319
12

Facts & features

Interior

Features

Flooring: Hardwood
Has basement: No

Property

Parking

Parking features: Alley Access, Off Street

Lot

Size: 0.25 Acres
Dimensions: 65 x 176

Details

Parcel number: 2401113003024000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Roof: Shingle

Condition

Year built: 1922

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks, Street Lights
Subdivision: Historic Downtown

HOA

Has HOA: No

Location

Region: Florence

Financial & listing details

Tax assessed value: $327,180
Annual tax amount: $1,589
Price range: $555K - $555K
Date on market: 9/1/2026

Estimated market value

$519,100

$493,000 - $545,000

$1,805/mo

Price history

Date	Event	Price
9/1/2026	Listed for sale	$555,000
Source: Strategic MLS Alliance #530999 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,590 +7%	$32,440 +7%
2024	$1,486 +12%	$30,320 +12%
2023	$1,327 +8.1%	$27,080 +8.1%
2022	$1,228 +21.1%	$25,060 +21.1%
2021	$1,014 +13.7%	$20,700 +13.7%
2019	$892	$18,200 +3.2%
2018	$892 +12.1%	$17,640 +2.7%
2017	$796	$17,180 +5.8%
2016	$796	$16,240 -12.5%
2015	$796 -12.5%	$18,560 +5.9%
2014	$909	$17,520
2013	--	$17,520 +2%
2012	--	$17,180 +32.4%
2011	--	$12,980 +4.7%
2010	--	$12,400
2009	--	$12,400
2008	--	$12,400 +8%
2007	--	$11,480 -86.3%
2005	--	$83,600
2004	--	$83,600

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.

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.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: 35630

Getting around

80 / 100

Very Walkable

54 / 100

Bikeable

Nearby schools

GreatSchools rating

6/10
Hibbett School
Grades: K-6Distance: 1.7 mi
6/10
Florence Middle School
Grades: 7-8Distance: 0.3 mi
10/10
Florence High School
Grades: 10-12Distance: 2.1 mi

Schools provided by the listing agent

Elementary: City/County
Middle: City/County
High: City/County

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