Coldwell Banker Home Page
Skip to main contentColdwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker McMillan & Associates

Property view
Listing view 2
Listing view 3

107 Bailey Street, 
Rainbow City, AL 35906

$2,105,000

—

Bed

—

Bath

28,000

Sq Ft

Multi-Family

Active

Listed by

Shasta Quick

ERA King Real Estate

256-442-1030

Last updated:

August 2, 2026, 02:31 PM

MLS#

21923737

Source:

AL NALMLS

About This Home

107 Bailey Street

Instant Income-Producing Investment Opportunity! Seize this exceptional opportunity to own a 38-unit apartment complex providing historical occupancy and rental income from day one. This well-maintained property features a desirable unit mix of 31 two-bedroom units with 1½ bath and 7 one-bedroom units with 1 bath appealing to a broad range of tenants. Located in Rainbow City, an economical and residential bright spot within the Gadsden and Etowah County area just minutes from shopping, schools and major interstate access. This apartment complex presents an outstanding opportunity with long-term growth potential.

Home Facts

Multi-Family

Built in 1976

Subdivision & Development:

J. Lowery Rogers

Price Summary

2,105,000

$75 per Sq. Ft.

MLS #:

21923737

Last Updated:

August 2, 2026, 02:31 PM

Added:

20 day(s) ago

Structure

Structure

Building Area:

28,000 Sq. Ft.

Year Built:

1976

Lot

Lot Size (Sq. Ft):

79,714

Finances & Disclosures

Finances

Price:

$2,105,000

Price per Sq. Ft:

$75 per Sq. Ft.

MLS Logo
The information being provided by Valley MLS (formerly North Alabama MLS) is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Valley MLS (formerly North Alabama MLS) All rights reserved.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.