Want to live for free? It can happen by purchasing this prime duplex investment property. You can live on one side of the duplex and rent out the other side and have your mortgage paid by the tenant. This duplex has 2 bedrooms and 1 bath on each side with almost 1000 square feet of living space. One side already has a long-term tenant, and you can either lease out the other side or live in it yourself. If both sides are fully leased the property should be worth over $80000. Best of all, tenants pay all utilities even including water and garbage. Call for more information and to take advantage of this rare investment opportunity.
Multi-familyProperty Type
1955Year Built
0.31 acresLot Size
$37Est. Price/Sq.Ft.
1 spaceParking
Listed by David Herman• David Herman Realty
Bought with David Herman• David Herman Realty
Source:MAAR #492564
Redfin Estimate
$73,067
$13K since sold in September 2023$17K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 24.7% lower than the average sale price ($97K) of 6 comparable homes.
Want to live for free? It can happen by purchasing this prime duplex investment property. You can live on one side of the duplex and rent out the other side and have your mortgage paid by the tenant. This duplex has 2 bedrooms and 1 bath on each side with almost 1000 square feet of living space. One side already has a long-term tenant, and you can either lease out the other side or live in it yourself. If both sides are fully leased the property should be worth over $80000. Best of all, tenants pay all utilities even including water and garbage. Call for more information and to take advantage of this rare investment opportunity.
MAAR #447529
Apr 19, 2019
Sold
$23,000
$12/sq ft
Feb 4, 2019
Listed
$29,750
$15/sq ft
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Year
Property tax
Land + Additions
Assessment*
2026
$598 (−3.6%)
2025
$620
2024
$620 (+61.4%)
2023
$384 (+51.6%)
2022
$253 (+17.2%)
2021
$216
2020
$216 (+100.0%)
2019
$108
2018
$108 (−33.0%)
2017
$161 (−5.7%)
2016
$171 (+6.2%)
2014
$161
Tax history for 719 Ridgemont Ave #721
Year
Property tax
Land + Additions
Assessment*
2026
$598 (−3.6%)
2025
$620
2024
$620 (+61.4%)
2023
$384 (+51.6%)
2022
$253 (+17.2%)
2021
$216
2020
$216 (+100.0%)
2019
$108
2018
$108 (−33.0%)
2017
$161 (−5.7%)
2016
$171 (+6.2%)
2014
$161
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Interior
Heating & Cooling
Heating Type: Forced Air
Room Information
# of Rooms: 10
Exterior
Exterior Information
Physical Condition: Poor
Foundation Type: Slab
Building Construction Quality: Poor
Exterior Wall: Brick/Wood
Roof Shape Type: Gable/Hip
Building Type: Duplex
Property Information
Subdivision Name: RIDGE TERRACE 1
Living Sq. Ft: 1,976
Adjusted Gross Sq. Ft: 1,986
Ground Floor Sq. Ft: 1,976
Building Sq. Ft: 1,976
# of Stories: 1
Stories Type: 1
Legal Description: RIDGE TERRACE 1 LOT 2 BLK A PLAT BK 13 PG 43
Lot Information
# of Buildings: 1
Land Sq. Ft: 13,687
Legal Lot Number: 2
Legal Block Number: A
Municipality Name: CITY
Acres: 0.31
Depth Footage: 198
Front Footage: 71
Zoning Code: R-65-D
County Use Description: DUPLEX
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,976
Stories: 1.0
Lot Size: 0.31 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1955
Year Renovated: 1955
County: Montgomery County
APN: 11 06 24 3 008 002.000
Home facts updated by county records on Oct 16, 2026
Around this home
Schools
E D Nixon Elementary School
Charter PreK-5 • Assigned • 1.3mi
4/10
Bellingrath Junior High School
Charter 6-8 • Assigned • 0.6mi
1/10
Lanier Senior High School
Public 10-12 • Assigned • 0.9mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 108° expected this year, 20 days in 30 years
8/10 Wind Factor
80% 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
Montgomery, AL • 36105
Average low and high temperatures (°F)
56
35
67
44
75
50
81
57
83
63
88
70
92
74
87
71
88
65
80
56
72
49
62
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.7 hours in
June and 4.9 hours in December, which is comparable to the
U.S. average for solar exposure.
8.7 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$70,000 – $85,000
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