301 ELMWOOD AVE, Gadsden, AL 35903
Local realty services provided by:ERA King Real Estate Company, Inc.
Listed by:mark cassidy
Office:impact realty llc.
MLS#:21432612
Source:AL_BAMLS
Price summary
- Price:$449,900
About this home
An investment opportunity awaits with this income-producing featuring 3 single family rental homes and a fully occupied 4-plex all situated on a commercial zoned parcel in a prime, high-visibility location. Each of the three rental homes have central heat and air. The 4-plex includes three 1-bedroom 1-bathroom and one 2 bedroom 1.5 bathrooms. Currently generating a solid rent roll of $3,625.00 per month. All units occupied 100% with long term tenants 5 are overdue for a rent increase. Property is strategically located within 1/2 mile from 2 shopping centers one with Walmart Super Store, 15 restaurants, Gadsden Regional Hospital, new Takkion plant, and 2 large automobile dealerships.
Contact an agent
Home facts
- Year built:1940
- Listing ID #:21432612
- Added:2 day(s) ago
- Updated:October 02, 2025 at 02:43 PM
Heating and cooling
- Cooling:Central Control, Electric, Individual Units, Window Units
- Heating:Central w/ind Ctrl, Electric, Gas Heat
Structure and exterior
- Year built:1940
Schools
- High school:GADSDEN CITY
- Middle school:GADSDEN
- Elementary school:ADAMS
Utilities
- Water:Public Water
- Sewer:Sewer Connected
Finances and disclosures
- Price:$449,900
New listings near 301 ELMWOOD AVE
- New
$339,000Active6 beds 3 baths7,180 sq. ft.109 HILLSIDE TRAIL, Gadsden, AL 35901
MLS# 21432369Listed by: BONE REALTY - New
$435,000Active4 beds 3 baths2,888 sq. ft.262 KARAWAY HILLS, Gadsden, AL 35901
MLS# 21432100Listed by: KELLER WILLIAMS REALTY GROUP - New
$449,900Active4 beds 2 baths2,000 sq. ft.95 COTTONWOOD CIRCLE, Gadsden, AL 35901
MLS# 21431976Listed by: SUSIE WEEMS REAL ESTATE LLC 
$95,300Active2 beds 1 baths1,000 sq. ft.13 COMNOCK AVENUE, Gadsden, AL 35904
MLS# 21431771Listed by: ERA KING REAL ESTATE - GADSDEN
$10,000Active0.28 Acres409 N 34TH STREET, Gadsden, AL 35904
MLS# 21431759Listed by: WARRIOR REAL ESTATE INC
$1,100,000Active4 beds 5 baths5,548 sq. ft.65 RIVER RUN TRAIL, Gadsden, AL 35901
MLS# 21431687Listed by: KELLER WILLIAMS-GADSDEN
$17,000Pending2 beds 1 baths687 sq. ft.800 AVENUE A, Gadsden, AL 35901
MLS# 21431674Listed by: PRIME PROPERTIES REAL ESTATE, LLC
$38,000Pending2 beds 2 baths1,428 sq. ft.614 N 8TH STREET, Gadsden, AL 35901
MLS# 21431677Listed by: PRIME PROPERTIES REAL ESTATE, LLC
$29,000Active3.21 Acres3035 FAIRVIEW ROAD, Gadsden, AL 35904
MLS# 21431544Listed by: SOUTHERN HOMETOWN SELLING, LLC
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.