Description

Attention INVESTORS! Opportunities like this just minutes from Auburn University do not come often! This well-maintained apartment complex at 1500 E Glenn Avenue features 8 spacious units, each offering approximately 1,013 square feet with 2 bedrooms and 2 bathrooms, a highly desirable layout for student and professional renters alike. Built in 1985, the property is ideally positioned in a high-demand rental corridor with Tiger Transit access and walkable proximity to campus making it a consistently attractive option for tenants. Residents enjoy convenient access to shopping, dining, and major Auburn amenities, further strengthening long-term occupancy potential. Zoned CDD/DDH, this property offers flexibility for continued residential use and potential future development. The uniform unit sizes and layouts support efficient management, predictable maintenance, and strong leasing performance. With its prime location near Auburn University, reliable rental demand, and solid unit configuration, this property presents a rare opportunity for investors seeking stable cash flow, long-term appreciation, and portfolio growth in one of Auburn’s most sought-after areas. Ideal for both seasoned investors and those looking to expand into a proven market near campus, this is a turnkey asset in a premier location.

Property Details

Property Type

Residential

Subtype

MultiFamily

Living Area

8,108 sq ft

Lot Size

1.02 acres

Year Built

1985

City

Auburn

Subdivision

GLENHAVEN APARTMENTS

County

Lee

Parking

Open

Cooling

CentralAir,Electric

Heating

Electric

Original Price

$2,500,000

List Date

February 5, 2026

MLS Area

Auburn

Parcel #

09-08-28-2-000-009.001

Price History

1. Mar 31, 2026 Price Reduced $2,300,000 -$200,000
2. Feb 5, 2026 Listed $2,500,000

Location