Skip main navigation
For sale
  • Price cut: $25K (5/26)
    $975,000

    740 Coliseum Blvd, Montgomery, AL 36109

    --beds
    --baths
    --sqft
    : 
    Loading
    Get pre-qualified
    Multi Family
    Built in 1986
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Brand new hvac systemsNew plumbing systemsUpdated electrical throughoutFully renovated
    Presenting a rare opportunity to acquire a fully renovated, high-performing 12 unit apartment complex in the heart of Montgomery. This turnkey asset offers immediate cash flow, long-term stability, and minimal deferred maintenance—making it an ideal addition to any investment portfolio. This property has undergone comprehensive renovations across all units, ensuring modern appeal and operational efficiency. Every unit has been fully updated with contemporary finishes, creating a strong competitive position in the local rental market and supporting premium rents and tenant retention. Major capital improvements have already been completed, including: new plumbing systems, updated electrical throughout, brand new HVAC systems. The asset is currently supported by established local property management, offering seamless day-to-day operations and a smooth transition for new ownership. Investors can step into a professionally managed, stabilized property from day one. Located in a growing rental market, the property benefits from strong demand drivers, including proximity to major employers such as Maxwell Air Force Base, Alabama State University, and Baptist Health, as well as convenient access to retail, dining, and key transportation corridors. This is a rare chance to acquire a low-maintenance, income-producing property in one of Central Alabama’s most stable and accessible markets.
    85 days
    |
    237
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Parker Ivey 334-277-1077,

    Partners Realty,

    Reg Mantooth 334-277-1077,

    Partners Realty

    Source: MAAR,MLS#: 585493MLS LogoOriginating MLS: Montgomery Area Association Of Realtors

    Loading...

      Facts & features

      Interior

      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Electric Water Heater
      • Laundry: Washer Hookup, Dryer Hookup
      Features
      • Eat-in Kitchen
      • Flooring: Plank, Vinyl

      Property

      Features
      • Levels: Two
      • Stories: 2
      Details
      • Parcel number: 1002041001001.000

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Two Story
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Slab
      Condition
      • New construction: No
      • Year built: 1986

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, High Speed Internet Available

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Montgomery

      Financial & listing details

      • Tax assessed value: $577,600
      • Annual tax amount: $6,208
      • Date on market: 4/7/2026
      • Cumulative days on market: 86 days
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/4/2026Price change$895-3.2%
        Source: Zillow Rentals Report a problem
        5/26/2026Price change$975,000-2.5%
        Source: MAAR #585493 Report a problem
        4/7/2026Listed for sale$1,000,000+51.5%
        Source: MAAR #585493 Report a problem
        2/10/2026Listed for rent$925
        Source: Zillow Rentals Report a problem
        11/21/2022Sold$660,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,208 $128,000
        2024$6,208 +42.2%$128,000 +42.2%
        2023$4,365 +28.6%$90,000 -3.2%
        2022$3,395 +19.1%$93,000
        2021$2,851 --
        2020$2,851 -2.6%$78,100
        2019$2,928 +2.7%--
        2018$2,851 -2.6%$78,100 -9%
        2017$2,928 $85,800 -27.5%
        2014$2,928 +2.7%$118,406 +12.2%
        2013$2,851 $105,500
        2011-- --

        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.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 36109

        Getting around

        35 / 100
        Car-Dependent
        12 / 100
        Minimal Transit
        21 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: ,

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

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel