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About This Home

This 3-bedroom, 1-bathroom single family at 2601 ALTHEA Street in Tuskegee, AL is listed for $120,000 ($107 per sqft). Built in 1944, the home offers 1,122 sqft of living space on a 0.27 acres lot.

Agent Description

Welcome to 2601 Althea Street, an investment opportunity that actually makes sense. Located minutes from Tuskegee University, this updated 3-bedroom, 1-bath home sits in one of the strongest rental markets in Macon County. Tuskegee University continues to drive housing demand year after year, making this an excellent opportunity for investors, parents of students, or anyone looking for reliable rental income.

The property has a proven rental history, generating $650 per bedroom, or approximately $1,950 per month in gross rental income. That's actual rental history, not wishful thinking and creative spreadsheet math. Major updates have already been completed, including a newer HVAC system, approximately one year old, and a new sump pump in the basement.

Translation: fewer surprise expenses and fewer maintenance headaches. Inside, you'll find an updated kitchen with a gas cooktop, washer and dryer connections, and a practical layout that works well for student housing, faculty housing, or traditional long-term tenants.

Parents of Tuskegee University students should take note. Instead of paying rent for the next four years, consider owning the property and renting the additional bedrooms to other students. Conveniently located near Tuskegee University, downtown Tuskegee, shopping, restaurants, and everyday amenities.

Properties this close to campus with documented rental income and recent mechanical updates are becoming harder to find. Whether you're looking to add a cash-flowing rental to your portfolio or secure housing near campus, this one deserves a look. Run the numbers, schedule a showing, and bring your offer before someone else beats you to it.

Key Features

  • Built in 1944
  • 0.27 acre lot

Property Details

1 story
1 full
1944

Monthly Cost Estimate

$642/mo

20% down · 6.5% · 30 years

Principal$87
Interest$520
Insurance$35

Estimates only. Actual payments may vary.

Location

2601 ALTHEA Street

Tuskegee, AL 36088

CARVER COURT

Features & Amenities

Interior Features

Ceiling FansWasher/Dryer Connection

Property Details

Flooring

WoodTile - Ceramic

Heating

Heat Pump (Heating)

Cooling

Heat Pump

Appliances

Built-in MicrowaveGas Cook Top

Questions & Answers

This 3-bedroom, 1-bathroom single family at 2601 ALTHEA Street is listed at $120,000 ($107/sqft). The estimated monthly payment is $520 based on 20% down at 6.5% interest.

Key features include: Built in 1944, 0.27 acre lot. Interior Features: Ceiling Fans, Washer/Dryer Connection.

This property is listed by MICHAEL GAY and can be reached at (334) 826-7111 or michaelthomas8489@gmail.com.

MG

MICHAEL GAY

Agent at RE/MAX PROFESSIONAL PARTNERS

(334) 826-7111

Listed by RE/MAX PROFESSIONAL PARTNERS · View on Broker Site

MLS# 180759· Source: listhub· Updated 1 days ago

Copyright © 2026 Lee County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2601 ALTHEA Street, Tuskegee, AL 36088

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