1324-1326 Federal Drive, Montgomery, AL 36107
Montgomery Heights · Montgomery County
Key Facts
Description
Exceptional investment opportunity showcasing two beautifully renovated luxury units, each offering 2 bedrooms and 1 bathroom with spacious, thoughtfully designed living areas. This turnkey multi-family property has been extensively updated with a brand-new roof, new windows, and new doors, delivering both style and peace of mind. Inside, each unit features fresh modern finishes including stainless steel appliances, granite countertops, rich wood flooring, and fully remodeled interiors designed to impress today’s discerning tenants or owner-occupants alike. One unit is currently leased, creating immediate income potential from day one while offering the perfect opportunity for an owner-occupant to live in the second unit and offset their mortgage with rental income. Whether you are an investor seeking a strong addition to your portfolio or a buyer looking for luxury living with built-in income potential, this property delivers exceptional versatility. Ideally located at 1324 Federal Drive in Montgomery, this property offers convenient access to Downtown Montgomery, Gunter Annex, major interstates, shopping, dining, and everyday essentials. The area continues to see infrastructure improvements and benefits from strong commuter accessibility, making it attractive for long-term tenants and owner-occupants alike. Nearby shopping centers, local restaurants, parks, and entertainment options add to the property’s appeal. With proximity to Alabama State University, Huntingdon College, and Faulkner University, this location offers broad rental demand and excellent connectivity across the city. A rare opportunity to own a low-maintenance, income-producing property with upscale finishes in a highly convenient Montgomery location.
Property Information
Property Type
Residential Income
Style
OneStory
Year Built
1956
Days on Market
53
MLS® Listing#
586957
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Pool
Parking
Lot Features
Construction
Foundation
Utilities
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
10-02-04-2-003-003.000
Directions
Take Atlanta Highway and turn on Federal Drive. Continue to property.
Affordability Calculator
$54,980
Estimated monthly payment
$1,463/mo
Principal $219,920 · Est. interest $306,808 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Montgomery, AL
- $225,234
- Median Listing Price
- 69
- Median Days on Market
- 1,925
- Median Sq Ft
- $114
- Median Price / Sq Ft
- 913
- Active Listings
- This home’s price is 22% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Montgomery, AL.
Location
Points of Interest in Montgomery, AL
Showing the Montgomery area map.
Nearby Schools
Highland Gardens Elementary School
Elementary · 0.4 mi away
Morningview Elementary School
Elementary · 0.6 mi away
Capitol Heights Middle School
Secondary · 1.0 mi away
Children's Center of Montgomery
School · 1.0 mi away
Percy Julian High School
Secondary · 1.3 mi away
Chisholm Elementary School
Elementary · 1.5 mi away
Dalraida Elementary School
Elementary · 1.7 mi away
St. Bede Elementary Campus
Elementary · 1.7 mi away
Floyd Middle Magnet School for Mathematics, Science, and Technology
School · 1.7 mi away
Houston Hill Junior High School
Secondary · 1.7 mi away
Bethany Christian Academy
School · 1.8 mi away
Highland Avenue Elementary School
Elementary · 1.8 mi away
Goodwyn Middle School
Secondary · 2.0 mi away
Resurrection Catholic School
School · 2.1 mi away
Rock
School · 2.3 mi away
Montgomery Adventist School
School · 2.3 mi away
Flowers Elementary School
Elementary · 2.4 mi away
Booker T Washington Magnet High School
Secondary · 2.5 mi away
Baldwin Art & Academic Magnet School
Secondary · 2.5 mi away
Canterbury High School
Secondary · 2.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3336 Albans Lane, Montgomery, AL | $193,000 | 4 | 2 | 2,061 |
| 3817 Elm Avenue, Montgomery, AL | $193,900 | 3 | 2 | 1,704 |
| 2615 Queens Hollow Court, Montgomery, AL | $194,900 | 2 | 2 | 1,271 |
| 1753 Northfield Drive, Montgomery, AL | $195,000 | 3 | 3 | 1,785 |
| 4912 VIRGINIA LOOP Road, Montgomery, AL | $195,000 | 5 | 3 | 3,446 |
| 1447 Pampas Place, Montgomery, AL | $195,000 | 3 | 3 | 1,944 |
Moving Cost Estimate
EXIT Agents in Montgomery
Listing Courtesy: Real Broker, LLC. - 8554500442
Last Updated: 2026-05-21