Exceptional Investment Opportunity in Decatur! Rare chance to own a 3-bedroom, 2-bath home with a 2-car garage plus a fully occupied 5-unit apartment complex on the same property. Positioned back-to-back with separate street frontage, this unique setup offers flexibility for investors and owner-occupants alike. The approximately 1,600 sq. ft. home is well maintained and features updated flooring, a covered patio, private backyard, long driveway, hot tub, and a reliable long-term tenant. The 5-unit complex is fully leased with established tenants, providing immediate and stable cash flow. NO SELLER'S FINANCING AVAILABLE Live in the home while generating income from the apartments, or rent all six units for maximum returns. Conveniently located in Decatur, one of North Alabama's fastest-growing cities, with easy access to the thriving Huntsville corridor, major employers, shopping, and dining. A rare income-producing property with strong occupancy and long-term growth potential.
Location, Location, Location!! Close to schools, restaurants, shopping and medical offices/hospital. This property offers a 3 bedroom /2 bath home and a 5 plex apartment complex. Apartments are all 2 bedroom/1 bath. House and apartments have had some updates. All 6 properties are currently rented. Lots of options for investor/owner. These wont last long!
Public Records
Jul 17, 2013
Sold
$146,055
$30/sq ft
Public Records
Oct 11, 2000
Sold
$190,000
$39/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,166
$1,340 + $33,610
$34,950
2024
$3,166 (+13.5%)
$1,340 + $33,610
$34,950
2023
$2,789
$1,340 + $29,440
$30,780
2022
$2,789 (−3.9%)
$1,340 + $29,440
$30,780
2021
$2,903 (+71.0%)
$1,340 + $24,580
$25,920
2020
$1,697
$1,380 + $22,210
$23,590
2019
$1,697
$1,380 + $22,210
$23,590
2018
$1,697 (+29.2%)
$1,380 + $22,210
$23,590
2017
$1,314
$1,380 + $17,410
$18,790
2016
$1,314 (−37.3%)
$1,380 + $17,410
$18,790
2013
$2,097
Public record
Public record
Permits
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
7,740 Sq. Ft.
Year renovated
1952
Finished Sq. Ft.
1,694
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,694
Year built
1952
Style
Single Family Residential
County
Morgan County
APN
02 07 36 1 002 033.000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
Oct 17, 2014 • Final
Building
Remodel
Apr 7, 2011 • Final
Building
Remove and replace the roofing and felt underlayment on a residential building.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 106° expected this year, 19 days in 30 years
4/10 Wind Factor
22% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Decatur, AL • 35601
Average low and high temperatures (°F)
49
30
60
39
72
49
78
57
79
63
87
70
92
74
90
71
85
67
77
55
66
48
55
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2005 Morgan Ave SW
There isn’t enough information to generate an accurate estimate at this time. Learn More