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.
For sale
Price cut: $11K (9/8)
$949,000
740 Coliseum Blvd, Montgomery, AL 36109
--beds
--baths
--sqft
Multi Family
Built in 1986
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Brand new hvac systemsNew plumbing systemsUpdated electrical throughoutFully renovated
- 202 days
- 168
- 15
Zillow last checked:
Listing updated:
Listed by:
Parker Ivey 334-277-1077,
Partners Realty,
Reg Mantooth 334-277-1077,
Partners Realty
Source: MAAR,MLS#: 585493
Originating MLS: Montgomery Area Association Of Realtors
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: 203 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Price change | $949,000-1.1% |
Source: | ||
| 7/9/2026 | Price change | $850-5% |
Source: Zillow Rentals Report a problem | ||
| 7/6/2026 | Price change | $960,000-1.5% |
Source: | ||
| 6/4/2026 | Price change | $895-3.2% |
Source: Zillow Rentals Report a problem | ||
| 5/26/2026 | Price change | $975,000-2.5% |
Source: | ||
| 4/7/2026 | Listed for sale | $1,000,000+51.5% |
Source: | ||
| 2/10/2026 | Listed for rent | $925 |
Source: Zillow Rentals Report a problem | ||
| 11/21/2022 | Sold | $660,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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





