603 South Cedar Street

2,322 Sq. Ft.
$357 / Sq. Ft.
2,322
Sq. Ft.
$357
per Sq. Ft.

Description

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...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.
  1. Listed by Kimberly T Kelly • RE/MAX of Orange Beach
    P: (251)-228-2115 C: (251)-228-2115 kimtatum10@gmail.com

Property Details for 603 South Cedar Street

Architectural Style
Single Story
View
None/Not Applicable
LISTING CLOSED: 02/27/2026 12:00 AM

Property Details for 603 South Cedar Street

StatusClosed
MLS #384958
Days on Market160
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built2005
Lot Size0.35 AC / 15,289 SF
CountyBaldwin County

Location

Listing Courtesy of RE/MAX of Orange Beach

Sold By RE/MAX of Orange Beach

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Building Information for 603 South Cedar Street

Stories-Residences-Year Built2005Building Size-Lot Size0.35 AC / 15,289 SF

Payment Calculator

$4,126 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,126

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 603 South Cedar Street

Summary
Location and General Information
  • County Area: Foley2
  • Coordinates: -87.69126876, 30.40056519
  • Directions: From Highway 59 and 98 in Foley head west on 98 and turn left on Cedar street at Foley elementary school. After passing the Max Griffen park you will see the duplex on the left on Cedar. The other duplex is directly behind on Pedigo.
  • Latitude: 30.40056519
  • Longitude: -87.69126876
  • Subdivision Or Community Or Condo Complex: Cityof Foley
  • Flood Zone: X
  • Water Property Type: No Waterfront
Taxes and HOA
  • Association: No
  • Parcel Number: 54-09-29-4-000-125.000
  • Property Tax: 3573.2
School Information
  • Elementary School: Foley Elementary
  • Middle Or Junior School: Foley Middle
  • High School: Foley High
Parking
  • Parking Features: No Garage/Carport Parking
Property
Lot Information
  • Lot Size Comments: 100x170
  • Lot Size Acres: 0.351
  • Living Area: 2322.0
  • Living Area Source: Tax Records
  • Number Of Lots: 1
Property and Assessment
  • Construction Status: Resale
Property and Assessments
  • Sponsor Unit: false
  • Year Built: 2005
Green Features
  • Energy Saving Features: Ceiling Fans, Tankless Water Heater
  • Green Verification: No
Utilities
  • Power Production: false
  • Utilities: Riviera Utilities
Interior and Exterior Features
Exterior Features
  • Exterior Finish: Vinyl
  • Property Amenities: Barn, Storage In, Storage Out, Ceiling Fans, Termite Contract, Window Treatments
  • Roof: Dimensional
Interior Features
  • Heat Cooling: Central Electric
  • Primary Bed Bath: Walk In Closet, First Floor Primary
  • Appliances: Microwave, Dishwasher, Refrigerator, Electric Range, Smoke Detector
  • Property Interior Stories: One
  • Full Bathrooms: 8
  • Bathrooms Total Decimal: 8.00
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Flooring: Vinyl
Rental
Rent Information
  • Rentals Allowed: Yes
  • Rental Info Source: Other
  • Rental Type: Long Term

Property History for 603 South Cedar Street

DateEvent & SourcePriceAppreciation
Feb 27, 2026

Sold

Baldwin REALTORS #384958

$828,000—
Feb 16, 2026

Contract Signed

Baldwin REALTORS #384958

—
Sep 10, 2025

Listed (Active)

Baldwin REALTORS #384958

$859,000—
DateEvent & SourcePrice
02/27/2026

Sold

Baldwin REALTORS #384958

$828,000
02/16/2026

Contract Signed

Baldwin REALTORS #384958

—
09/10/2025

Listed (Active)

Baldwin REALTORS #384958

$859,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 603 South Cedar Street

This home is within Baldwin County School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Foley Elementary School
PublicPK to 6

Foley Middle School
Public7 to 8

Foley High School
Public9 to 12

South Baldwin Center For Tech
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX of Orange Beach

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