Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Owens Cross Roads Duplex Title is generated by Realmo AI

    118/120 Brockway Avenue, Owens Cross Roads, AL 35763

    View on Map
    Claim this Listing
    For Sale
    $169,500

    MULTI_FAMILY - Owens Cross Roads, AL

    Property size:
    1,500 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $113/SF
    Added:
    Apr 26, 2026
    Days on Market:
    40
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 118/120 Brockway Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    1
    Parking features
    Driveway
    Standard status
    Active
    Size
    1,500 SF
    Lot size
    0.30 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Number of units
    2

    We can help!

    Listing Contact
    Eric Savoy Horton

    Listing agent Eric Savoy Horton License #124150

    Listing office Exp Realty LLC 100 Chase Park S #128, Rogersville, AL

    Listing date Apr 26, 2026

    MLS# 21916285 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex: Ideal for investors or owner‑occupants seeking rental income.
    • Two Units: Each side features a 2‑bedroom, 1‑bath layout.
    • Open‑Concept Living: Welcoming atmosphere with open living space.
    • Driveway: Includes driveway parking.
    • Public Utilities: Connected to public water and sewer.
    • Convenient Location: Peaceful setting with access to local amenities.

    Overview

    This duplex, located in Owens Cross Roads, AL, features two units, each with 2 bedrooms and 1 bathroom. The property offers a comfortable and functional layout, with each side providing a welcoming atmosphere and an open-concept living room that flows into the main living space. The well-appointed bedrooms and cozy bathroom add to the home's appeal. Situated on a 0.3-acre lot, the property size totals 1500 square feet. This property presents a great opportunity for an investor or for an owner-occupant looking to live in one side while renting out the other. Enjoy the surroundings with convenient access to local amenities.

    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 $18.9k $12.60
    − Vacancy −$3.3k −$2.18
    EGI $15.6k $10.42
    − OpEx −$4.7k −$3.13
    NOI $10.9k $7.30
    1,500 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $156.3K
    $136.8K – $182.4K (±1% cap)
    NOI $10,943 @ 7.0% cap · market cap 6.46%
    Second Best
    Apartment 5plus
    $135.4K
    $118.4K – $157.9K (±1% cap)
    NOI $9,475 @ 7.0% cap · market cap 5.59%
    Theoretical Best
    Office A
    $390.6K
    $341.8K – $455.7K (±1% cap)
    NOI $27,342 @ 7.0% cap · market cap 16.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Gym & Fitness Center Hotel & Motel Auto Parts Store Department Store Grocery & Convenience Store Clothing & Fashion Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owens Cross Roads
    County
    Madison
    State
    Alabama
    Longitude
    -86.45935646
    Latitude
    34.58994328

    Nearby Similar for Sale

    • $1,000,000
      6,575 SF

      Highway Frontage Commercial Garage

      Commercial garage with office space on high-traffic Highway 431.
      9055 Highway 431 S, Owens Cross Roads, AL 35763
      View Details
    • $1,000,000
      4,650 SF

      Highway Frontage Auto Shop

      Auto shop with equipment on high-traffic highway.
      9055 Highway 431 South, Owens Cross Roads, AL 35763
      View Details
    • $595,000

      Multi-Family Property on Large Lot

      Five-unit multi-family property on 2.4 acres, fully occupied.
      156-A Dudley Lane, Owens Cross Roads, AL 35763
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-bedroom, one-bath duplex in a peaceful setting.
    Where is this duplex located?
    The property is located at 118/120 Brockway Avenue Owens Cross Roads, AL.
    What is the asking price?
    The asking price for this property is $169,500.
    What are key features of this property?
    This property features: Duplex: Ideal for investors or owner‑occupants seeking rental income.; Two Units: Each side features a 2‑bedroom, 1‑bath layout.; Open‑Concept Living: Welcoming atmosphere with open living space.
    (256) 617-2266
    We can help!
    Listing Contact
    Eric Savoy Horton
    Real Estate License ID: 124150
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    118/120 Brockway Avenue, Owens Cross Roads, AL 35763
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!