Contacts
RealINSIGHT Marketplace
Property Details
- Property Type Multi-Family
- Property Size 484,323 SF
- Units 511
- Lot Size 27.81 Acre
- # of Floors 2
- Year Built 1972
- Date Updated May 15, 2026
511 Units Across Three Montgomery, AL Assets — Immediate portfolio scale in the Montgomery market with The Oaks (144 units), Townhomes at Montgomery (191 units) and Serenity at the Park (176 units).
- Deep Discount to Replacement Cost — Combined acquisition basis is well below replacement cost, even when factoring in the estimated $13.85 million ($27,103/unit) capital improvement program.
- Built-In Operational Efficiency — Two adjacent properties and one only .8 miles away enable shared management, maintenance, and vendor contracts, materially reducing per-unit overhead versus standalone operations.
- Diversified Product and Floorplan Mix — The portfolio spans conventional apartments and townhome-style units across a mix of one, two and three-bedroom floorplans broadening tenant appeal.
- Growing Montgomery Economy — Recent capital commitments from Hyundai ($200M expansion) and Meta (data center campus to 1.3M SF) complement established employment anchors including Maxwell-Gunter AFB and the State of Alabama.
- Stable, Diversified Market Fundamentals — Montgomery's economy is anchored by Maxwell-Gunter AFB (12,000+ employees), the State of Alabama (10,000+), Baptist Health, and Hyundai, with a 46% renter-occupied household rate supporting durable demand.
SVN | AVAT Realty, in conjunction with RealINSIGHT Marketplace, is pleased to present The Oaks, Townhomes at Montgomery & Serenity at the Park Portfolio, a 511-unit multifamily investment opportunity comprising three properties — The Oaks (144 units), Townhomes at Montgomery (191 units), and Serenity at the Park (176 units) — located at 4700 and 4930 Park Towne Way and 4900 Plaza Drive in Montgomery, Alabama.
The portfolio totals approximately 484,323 rentable square feet across a mix of conventional apartment and townhome-style units, with an average unit size of approximately 948 square feet. The assets are located within the established southeastern Montgomery submarket, offering strong connectivity to I-85, Eastern Boulevard, and major retail and employment corridors.
Currently approximately 8% occupied (with Serenity at the Park fully vacant), the portfolio presents a significant value-add opportunity requiring an estimated $13.85 million in capital improvements. The scope includes interior unit renovations, exterior site work, and roofing across all three properties.
The scale of the portfolio, combined with the renovation and lease-up strategy, offers investors the opportunity to reposition a sizable multifamily footprint within a consistent submarket. Comparable post-rehabilitation sales within the immediate area support the overall investment thesis. Interested investors are encouraged to review the diligence materials and underwrite accordingly.
Auctioneer: Daniel Culps c/o Fisher Auction Company Inc. License: 5070. Starting Bid: $1,250,000
Reach out to the broker for more info on lease terms and amenities
Getting around
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30/100
Walk Score ®
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24/100
Transit Score ®
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31/100
Bike Score ®
Location
- City Montgomery, AL
- Neighborhood Executive Park
- Zip Code 36116
- Market Columbus GA
Points of Interest
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Chevron
0.91 miles
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Exxon
0.95 miles
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Shell
1.11 miles
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RaceWay
1.90 miles
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Montgomery, AL Supercharger
4.90 miles
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Blink
6.92 miles
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Lot 5
4.41 miles
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Lot 1
4.52 miles
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One Commerce Street Parking
5.98 miles
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Chamber of Commerce Parking
6.00 miles
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Rodeway Inn
0.25 miles
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Days Inn - Montgomery / Troy Highway
0.33 miles
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Baymont Montgomery South
0.50 miles
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InTown Suites Montgomery
0.55 miles
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Home Inn & Suites Montgomery
0.56 miles
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Budget Inn
0.70 miles
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The Governors House Hotel & Convention Center
1.33 miles
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Extended Stay America - Montgomery - Eastern Blvd.
1.89 miles
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Wingate by Wyndham Montgomery
2.20 miles
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Econo Lodge Inn & Suites
2.61 miles
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Walmart Supercenter
0.24 miles
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TJ Maxx
1.65 miles
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ALDI
2.43 miles
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Publix
3.00 miles
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Winn-Dixie
3.32 miles
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Walmart Neighborhood Market
3.51 miles
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Whole Foods Market
4.22 miles
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Eastdale Mall
4.55 miles
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The Shoppes at Eastchase
4.58 miles
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Dillard's
4.62 miles
RealINSIGHT Marketplace