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.
Sold for $501,000
$501,000
429 Walnut St, Florence, AL 35630
--beds
--baths
--sqft
Multi Family
Built in 1922
-- sqft lot
$-- Zestimate®
$--/sqft
$907 Estimated rent
Home value
Not available
Estimated sales range
Not available
$907/mo
Zestimate® history
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List your homeWhat's special
New exterior paintBeautiful architectural elementsLaundry hookupsVarying unit sizesHigh ceilings
Zillow last checked:
Listing updated:
Listed by:
Spillers Rogers Team 256-762-5999,
Coldwell Banker Pinnacle Properties,
Jeannie Rogers 256-366-0580,
Coldwell Banker Pinnacle Properties
Bought with:
Patti Thomas, 135541
Neese Real Estate
Source: Strategic MLS Alliance,MLS#: 530999
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 - $501K
- Date on market: 9/1/2026
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Sold | $501,000-9.7% |
Source: Strategic MLS Alliance #530999 Report a problem | ||
| 9/30/2026 | Pending sale | $555,000 |
Source: Strategic MLS Alliance #530999 Report a problem | ||
| 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
Neighborhood: 35630
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Nearby schools
GreatSchools rating
- 6/10Hibbett SchoolGrades: K-6Distance: 1.7 mi
- 6/10Florence Middle SchoolGrades: 7-8Distance: 0.3 mi
- 10/10Florence High SchoolGrades: 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.
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An equal housing lender. NMLS #10287.
- Alabama
- Lauderdale County
- Florence
- 35630
- 429 Walnut St
