Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.
Closed
$828,000
603 Cedar St, Foley, AL 36535
12beds
2,322sqft
Duplex, Multi Family
Built in 2005
-- sqft lot
$827,900 Zestimate®
$357/sqft
$1,317 Estimated rent
Home value
$827,900
$787,000 - $869,000
$1,317/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$1,317/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$1,317/mo
Rent Zestimate®
Refinance and save
$3,749/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$3,749/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: March 02, 2026 at 01:30pm
Listed by:
Kimberly Kelly PHONE:251-228-2115,
RE/MAX of Orange Beach
Bought with:
Kimberly Kelly
RE/MAX of Orange Beach
Kimberly Kelly
Source: Baldwin Realtors,MLS#: 384958
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Primary bedroom
- Features: 1st Floor Primary, Walk-In Closet(s)
Heating
- Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Microwave, Electric Range, Refrigerator, Tankless Water Heater
Features
- Ceiling Fan(s), Storage
- Flooring: Vinyl
- Windows: Window Treatments
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,322
- Total interior livable area: 2,322 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Storage, Termite Contract
- Has view: Yes
- View description: None
- Waterfront features: No Waterfront
Lot
- Size: 0.35 Acres
- Dimensions: 100 x 170
Details
- Additional structures: Barn(s)
- Parcel number: 5409294000125.000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
- Roof: Dimensional
Condition
- Resale
- New construction: No
- Year built: 2005
Utilities & green energy
- Utilities for property: Riviera Utilities
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: None
Location
- Region: Foley
- Subdivision: City of Foley
Other
Other facts
- Price range: $828K - $828K
- Ownership: Whole/Full
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Sold | $828,000-3.6%$357/sqft |
Source:  Baldwin Realtors #384958 Report a problem | ||
| 2/17/2026 | Pending sale | $859,000$370/sqft |
Source: Baldwin Realtors #384958 Report a problem | ||
| 9/10/2025 | Listed for sale | $859,000$370/sqft |
Source: Baldwin Realtors #384958 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 36535
Nearby schools
GreatSchools rating
- 4/10Foley Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 4/10Foley Middle SchoolGrades: 7-8Distance: 0.5 mi
- 7/10Foley High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Foley Elementary
- Middle: Foley Middle
- High: Foley High
Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$827,900
2% more
+$16,558
With Zillow Showcase(estimated)
$844,458
- Alabama
- Baldwin County
- Foley
- 36535
- 603 Cedar St