Phenix City Duplex: Investment
1001 18TH Avenue Phenix City, AL 36867
1001 18TH Avenue, Phenix City, AL, 36867
$219,900
For Sale
$219,900
MULTI_FAMILY - PHENIX CITY, AL
Property Size1,674 SF
Lot Size0.35 Acres
Price / SF$131.36
Days on Market143
Property Features for 1001 18TH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Open
- Standard status
- Active
- Size
- 1,674 SF
- Lot size
- 0.35 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1995
- Floors in Building
- 1
- Number of units
- 2
Listing Agency
LOKATION REAL ESTATE
(205) 775-1628
4000 EAGLE POINT CORPORATE DR, SUITE 550, BIRMINGHAM, AL
Listed by
DENISE VASCONCELOS · License #122520
(205) 775-1628
Added: Feb 27 Checked: Jul 20 at 11:06 am
MLS# 179099
Listing URL
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.
Investment Insights
Based on property information with market context.
This duplex in Phenix City presents an investment opportunity with cash flow potential. Unit A has been recently updated and is rented for $1,000.00 per month, while Unit B has also been renovated and is rented for $1,000.00 per month, resulting in a total cash flow of $2,000.00. The tenants are responsible for yard maintenance, and there are no HOA fees. The property features a slab foundation with brick on all four sides, offering a low-maintenance option for investors. Concrete parking and a small yard add to the practicality and convenience of the property. The property size is 1674 square feet and the lot size is 0.35 acres.
Key Highlights
- Strong cash flow potential: $2,000.00 total monthly income.
- Both units (A & B) are renovated and currently rented.
- Low‑maintenance property: Brick construction, slab foundation, tenants handle yard maintenance.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.1k | $13.20 |
| − Vacancy | −$1.7k | −$0.99 |
| EGI | $20.4k | $12.21 |
| − OpEx | −$6.1k | −$3.66 |
| NOI | $14.3k | $8.55 |
1,674 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.4K
$178.9K – $238.5K
NOI $14,308 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$191.2K
$167.3K – $223.1K
NOI $13,386 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$408.3K
$357.3K – $476.3K
NOI $28,580 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Updated duplex in Phenix City with strong cash flow.
Where is this duplex located?
The property is located at 1001 18TH Avenue Phenix City, AL.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Strong cash flow potential: $2,000.00 total monthly income.; Both units (A & B) are renovated and currently rented.; Low‑maintenance property: Brick construction, slab foundation, tenants handle yard maintenance.
