Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.
Closed
$828,000
603 Cedar St, Foley, AL 36535
12beds
2,322sqft
Duplex
Built in 2005
-- sqft lot
$832,000 Zestimate®
$357/sqft
$1,457 Estimated rent
Home value
$832,000
$699,000 - $990,000
$1,457/mo
Zestimate® history
Owner options
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$1,457/mo
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$4,748/mo
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List your homeWhat's special
New asphalt drivewayNew fortified roofNew appliancesTankless water heaters
Zillow last checked:
Listing updated:
Listed by:
Kimberly T Kelly PHONE:251-228-2115,
RE/MAX of Orange Beach
Bought with:
Kimberly T Kelly, 78150
RE/MAX of Orange Beach
Kimberly T Kelly, 78150
RE/MAX of Orange Beach
Source: Baldwin Realtors,MLS#: 384958
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Electric
Appliances
- Included: Microwave, Dishwasher, Refrigerator
Features
- Storage, Ceiling Fan(s), Termite Contract
- Flooring: Vinyl
- Windows: Window Treatments
- Has fireplace: No
Interior area
- Total interior livable area: 2,322 sqft
Property
Parking
- Parking features: No Garage/Carport Parking
Features
- Stories: 1
- Exterior features: Storage
- Has view: Yes
- View description: None/Not Applicable
- Waterfront features: No Waterfront
Lot
- Size: 0.35 Acres
Details
- Additional structures: Barn(s)
- Parcel number: 5409294000125.000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Single Story
- Property subtype: Duplex
Materials
- Roof: Dimensional
Condition
- Year built: 2005
Utilities & green energy
- Utilities for property: Riviera Utilities
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: City Of Foley
HOA
- Has HOA: No
Location
- Region: Foley
Financial & listing details
- Price per square foot: $357/sqft
- Date on market: 9/10/2025
- Ownership type: Whole Full
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Sold | $828,000-3.6%$357/sqft |
Source:  Baldwin Realtors #384958 Report a problem | ||
| 2/17/2026 | Pending sale | $859,000$370/sqft |
Source: Baldwin Realtors #384958 Report a problem | ||
| 9/10/2025 | Listed for sale | $859,000$370/sqft |
Source: Baldwin Realtors #384958 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 36535
Nearby homes
- $---- bd-- ba-- sqft601 S Cedar St, Foley, AL 36535Off Market
- $230,0002 bd2 ba1.2k sqft605 S Cedar St, Foley, AL 36535Sold
- $---- bd-- ba-- sqft430/434 W Pedigo Ave, Foley, AL 36535Off Market
- $---- bd-- ba-- sqft416/420 W Pedigo Ave, Foley, AL 36535Off Market
- $373,8006 bd4 ba2.7k sqft434 W Pedigo Ave, Foley, AL 36535Off Market
- $140,6002 bd2 ba1k sqft1228 North Alston St. #1128 #1128, Foley, AL 36535Off Market
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- $327,2004 bd2 ba2.7k sqft430 W Pedigo Ave #&-434, Foley, AL 36535Off Market
Nearby schools
GreatSchools rating
- 7/10Foley Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 8/10Foley Middle SchoolGrades: 7-8Distance: 0.5 mi
- 7/10Foley High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Foley Elementary
- Middle: Foley Middle
- High: Foley High
Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$832,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$832,000
- Alabama
- Baldwin County
- Foley
- 36535
- 603 Cedar St
Nearby cities
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Other Foley Topics
