1532 Winona Avenue, Montgomery, AL 36107

Montgomery
Local realty services provided by:ERA Enterprise Realty Associates
1532 Winona Avenue,Montgomery, AL 36107
$320,500
  • 2 Beds
  • 1 Baths
  • 4,214 sq. ft.
  • Condominium
  • Active
Listed by: steven koleno
Office: beycome brokerage realty llc.
MLS#:584247
Source:AL_MLSM

Price summary

  • Price:$320,500
  • Price per sq. ft.:$76.06
  • Monthly HOA dues:$3.33

About this home

Excellent investment opportunity featuring a 6-unit multifamily property totaling approximately 5,400 sq ft, with each unit offering 2 bedrooms and 1 bathroom—for a total of 12 bedrooms and 6 bathrooms. Four units are currently occupied with yearly leases in place and are in good condition, providing immediate, stable income, while two units are vacant—one rent-ready with light improvements and the other needing additional updates, creating strong value-add potential. Current rental rates range from $525 to $800 per month, leaving room for increased cash flow with renovations and rent adjustments. Conveniently located near Alabama State University, Gunter Annex, Montgomery Zoo & Mann Wildlife Learning Museum, Oak Park, Downtown Montgomery (including Riverfront Park, restaurants, and entertainment), and Baptist Medical Center South, as well as local grocery stores and convenience markets, this property creates strong rental appeal and long-term upside in a great rental market.

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Home facts

  • Year built:1940
  • Listing ID #:584247
  • Added:110 day(s) ago
  • Updated:June 18, 2026 at 02:25 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:2
  • Flooring:Wood
  • Living area:4,214 sq. ft.

Structure and exterior

  • Year built:1940
  • Building area:4,214 sq. ft.
  • Lot area:0.36 Acres
  • Lot Features:Outside City Limits
  • Architectural Style:Two Story
  • Construction Materials:Brick
  • Exterior Features:Balcony, Patio, Porch
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Montgomery Preparatory Academy for Career Technolo
  • Elementary school:Morningview Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$320,500
  • Price per sq. ft.:$76.06
  • Tax amount:$1,500

Features and amenities

  • Appliances:Washer, Water Heater

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