?
  • Chat with Us
  • Submit Feedback
  • TopHap Academy
  • What's New?
Residential > Multi-family
Active
09/18/2025
List Price
$248,000$71/ft²

15 1st St
Luverne, AL 36049

  • Photo 0
  • Photo 1
  • Photo 2
  • Photo 3
  • Photo 4
  • Photo 5
  • Photo 6
  • Photo 7
  • Malobo BannerMalobo Banner Square
    15 1st St, Luverne, AL 36049 is a 5 bed, 4 bath, 3,477 ft² multi-family home house built in 1936 on a 0.120 acre lot. This multi-family home is currently on the market for $248,000, and it was last sold in 2013 for $115,000. The latest TopHap estimate of the multi-family home's value is $239,000.

    Property Valuations

    Latest estimates for 15 1st St based on TopHap automated valuation model (AVM).

    MLS Description

    The listing agent's description. Original Listing

    Investment opportunity in the heart of Luverne. This vacant duplex offers flexibility for both owner-occupants and investors. Current market rents support approximately $2,400/month ($1,500 for the 3BR/2BA unit and $900 for the 2BR/1BA unit), which equates to a projected 9% cap rate at the $250,000 purchase price. An additional value-add option is available by converting the existing game room (with full bath) into a third rental unit. With a basic kitchen addition and doorway adjustment (estimated ~$25K improvement), projected rents increase to $3,100/month, supporting a 12% cap rate. This property is vacant, allowing full control over tenant placement and lease terms. Conveniently located near schools, shopping, and main roadways, it is well positioned to attract renters in a market with strong demand. Don't miss this opportunity to secure a high-return investment in a growing area-schedule your showing today.

    Listing Agents

    The listing agent for 15 1st St is Daniel Demers.

    Current Ownership

    Information about the current owner(s).

    Property History

    15 1st St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 15 1st St

    School Information

    Neighborhood

    This property is located in 36049.

    Market Trends

    Historical market data near 15 1st St over selected time period.

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Nearby Properties on 1st St