Investment Overview

Marcus & Millichap is pleased to present an exceptional redevelopment opportunity at 101 Hillside Circle, Gadsden, Alabama. This fully vacant, 95-unit multifamily asset offers a rare value-add investment with significant upside potential in a supply-constrained market experiencing rising rental demand. Situated on a spacious site with 33 individual brick buildings totaling approximately 76,000 square feet, the property features townhome-style floor plans that provide a more residential, private living experience compared to traditional apartment layouts. The unit mix includes (30) one-bedroom, one-bathroom units of approximately 600 square feet each, and (65) two-bedroom, one-bathroom units, offering flexibility and broad appeal to future tenants. With 100% vacancy, the property is primed for a full-scale renovation and repositioning to meet modern renter expectations. The asset presents a clean slate for an experienced operator to implement interior and exterior upgrades, optimize layouts, and capitalize on a growing demand for quality workforce housing in the Gadsden area. Strategically located with convenient access to local employers, schools, retail corridors, and major thoroughfares, 101 Hillside Circle is well-positioned to attract long-term tenants and generate strong stabilized cash flow upon completion of improvements. This is an ideal investment for developers or value-add investors seeking to transform a well-located, structurally sound property into a high-performing multifamily asset in a rebounding submarket. With strong rental fundamentals and a flexible unit mix, this property is a blank canvas for repositioning and long-term cash flow. If you’re actively seeking deep value-add opportunities in stable secondary markets, this is one you’ll want to review.