Duplex with Rooftop
For Sale
$1,600,000
1209 18TH STREET, Tuscaloosa, AL 35401
MULTIFAMILY, TUSCALOOSA, AL
Property Size5,000 SF
Price / SF$320
Days on Market102
Property Features for 1209 18TH STREET
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking features
On Street
Elementary school
CENTRAL
Middle school
WESTLAWN
High school
CENTRAL
Directions
From Bryant-Denny Stadium, travel south on 12th Avenue approximately 0.7 miles. Turn right onto 18th Street. Treetop Terraces is located at 1209 18th Street on the right, just minutes from the University of Alabama campus and downtown Tuscaloosa.
Subdivision
Tuscaloosa County
Standard status
Active
APN
31-07-26-2-025-004.000
Taxes and HOA fees
Tax Description
LOT 5 IN BLK 405 IN TUSCALOOSA COAL, IRON & LAND S/D
Legal Description
LOT 5 IN BLK 405 IN TUSCALOOSA COAL, IRON & LAND S/D
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
rooftop terrace
outdoor kitchen
fire pit
Building Details
Year built
2026
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Brick, Siding
Listing Agency:
FlatFee.com
(954) 965-3990
Listed By:
Cliff Glansen · License #278017259
(877) 575-5505
Added: Jun 30
Changed: Sep 17
Last Checked: Oct 9 at 8:06AM
MLS# 21457633
Copyright © 2026 Greater Alabama MLS. 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 under-construction duplex is planned as a 2026 property with approximately 5,000 square feet of interior space. The layout includes 6 bedrooms, 8 full bathrooms, and 2 half baths, along with 14-foot ceilings and a gourmet kitchen. Construction details include brick and siding, 2x6 framing on 1-foot centers, and 5/8-inch sheetrock throughout.
Outdoor amenities include a 1,500-square-foot rooftop terrace equipped with an outdoor kitchen and fire pit. Interior finishes include tile and vinyl flooring, while central heating and central air provide building-wide climate systems. The property is served by public water and offers on-street parking. Its Tuscaloosa setting is described as minutes from the University of Alabama.
Outdoor amenities include a 1,500-square-foot rooftop terrace equipped with an outdoor kitchen and fire pit. Interior finishes include tile and vinyl flooring, while central heating and central air provide building-wide climate systems. The property is served by public water and offers on-street parking. Its Tuscaloosa setting is described as minutes from the University of Alabama.
Key Highlights
- Approximately 5,000 square feet with 6 bedrooms, 8 full bathrooms, and 2 half baths
- 1,500‑square‑foot rooftop terrace with outdoor kitchen and fire pit
- 14‑foot ceilings and gourmet kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,161
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,220
$903.2K
Cap Rate 7%
$645,157
$645.2K
Cap Rate 9%
$501,789
$501.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$69.0K $13.80/SF
− Vacancy
−$4.5K −$0.90/SF
EGI
$64.5K $12.90/SF
− OpEx
−$19.4K −$3.87/SF
NOI
$45.2K $9.03/SF
Area
Tuscaloosa, AL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,220
Cap Rate 7%
$645,157
Cap Rate 9%
$501,789
Alternative Uses
Best Use
Multifamily LT 5
$645.2K
$564.5K – $752.7K
NOI $45,161 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$579.3K
$506.9K – $675.8K
NOI $40,550 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,108 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex includes a gourmet kitchen and substantial outdoor entertaining space.
Where is this duplex located?
The property is located at 1209 18TH STREET Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 5,000 square feet with 6 bedrooms, 8 full bathrooms, and 2 half baths; 1,500‑square‑foot rooftop terrace with outdoor kitchen and fire pit; 14‑foot ceilings and gourmet kitchen
