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Decatur, AL Condo for Sale

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    $724,999

    • 5 Beds
    • 3 Baths
    • 2,450 Sq Ft

    2005 Morgan Ave SW, Decatur, AL 35601

    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

    Sandy Nguyen (Binh) Goal Realty LLC

    2005 Morgan Ave SW, Decatur, AL 35601

Why Live in Decatur

Decatur's cultural scene centers around the historic Princess Theatre Center for the Performing Arts and the innovative Cook Museum of Natural Science. The Tennessee River shapes daily life, with Rhodes Ferry Park providing waterfront recreation and Wheeler National Wildlife Refuge attracting diverse wildlife species. Point Mallard Park features a seasonal water park and golf course, while the Old Decatur and Albany Historic Districts showcase preserved Victorian and Craftsman architecture. Local dining includes the renowned Big Bob Gibson Bar-B-Q and upscale Simp McGhee's, known for New Orleans-inspired seafood.

The housing market in Decatur includes approximately 400 homes for sale, with prices ranging from $138,000 to $845,000. The median sale price for single-family homes is $252,000, while townhomes have a median price of $216,500. Two-bedroom condos command a median price of $490,900. Neighborhood prices vary significantly: Old Decatur's single-family homes have a median price of $425,000, while West Decatur's median is $130,500. Burningtree features luxury homes with a median price of $465,000.

Living costs in Decatur run 15.8% below the national average. A family with school-age children needs approximately $90,000 annually to live comfortably, while renters should aim for $46,000. Property taxes are favorable at 0.35%, lower than Huntsville and Madison at 0.4%. The combined sales tax rate is 9.43%. Groceries cost 4.1% below the national average, and gas prices at $2.929 per gallon stay 9.7% below national figures.

The education system includes highly rated public schools like Brookhill Elementary and Leon Sheffield Magnet Elementary School, both rated A by Niche. Decatur Heritage Christian Academy, serving Flint City, maintains an A minus rating across elementary through high school levels.

Condo Prices in Decatur, AL

Condo Price Trends

Median Condo Price
$340,000
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