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1809 Graymont Ln SW, Decatur, AL, 35603

--beds
--baths
3,448sqft
$409,000
$119price/sqft
$2,859/moest. monthly cost
$114,360/yrincome needed

About This Home

***PRICE ADJUSTMENT*** ***Investor alert*** Income-producing fourplex in a convenient Decatur SW location, offering four identical 2-bedroom, 1-bath units with solid occupancy and investor-friendly fundamentals. Each unit features an efficient layout that appeals to long-term renters. Great Opportunity. Located in the Glenmier area of Decatur with quick access to shopping and dining.

Getting Around

61
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

2/10
6/10
7/10
Austin High SchoolGrades 10-121.9 mi

Construction

Type & Style

  • Home type: Apartment
  • Property subType: Apartment

Interior

Appliances

  • Appliances included: Refrigerator,Dishwasher,W/D Hookup,Electric Water Heater

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,448
  • Total interior livable area: 3,448 sqft

Property

Details

  • Parcel number: 02 07 36 3 000 005.016
  • Zoning description: Multi Family

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio,Deck
  • Exterior features: Balcony

Lot

  • Lot size: 0.29 Acres

Parking

  • Total spaces: 8
  • Parking features: Driveway-Paved/Asphalt,Parking Lot
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Lightning
Cold Wave
Heat Wave
Inland Flooding
Strong Wind
Winter Weather

FEMA Declared Disasters Across Alabama Counties

Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,068$24,816
Home Insurance *$301$3,612
Property Taxes $105$1,260
Electricity $385$4,629
Total$2,859$34,308
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$98,022/yr
40% on housing$85,770/yr
45% on housing$76,240/yr

Alabama FAIR Plan Programs

Alabama FAIR Plan

Covered
None
Add-on available
WildfireWildfire
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$119This listing

vs Other Active Listings

Avg $/sqft

ZIP 35603$139
Morgan County$130

vs Homes Sold Last Month

Median $/sqft

ZIP 35603$155
Morgan County$138

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-08Price change$409,000
2025-12-22Listed for sale$415,000
2024-12-20Sold$370,000
2024-10-04Listed for sale$399,000

For Sale by Agent

AgentSteve Mitchell
BrokerageMarMac Real Estate

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