Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1216 14TH AVENUE Tuscaloosa, AL 35401

    View on Map
    Claim this Listing
    Pending
    $5,400,000

    Triplex - TUSCALOOSA, AL

    Type:Triplex
    Added:
    May 28, 2025
    Days on Market:
    344
    Last Refresh:
    May 6 at 11:06 pm

    Property Features for 1216 14TH AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Bedrooms
    3
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3
    Standard status
    Pending

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2013
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Abby Pate

    Listing agent Abby Pate

    Listing office Keller Williams Realty Hoover 1021 Brocks Gap Parkway Suite, Birmingham, AL

    Listing date May 28, 2025

    MLS# 21420064 Listing URL

    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.

    HighLights

    • Income‑producing property fully leased through July 2027 with 100% occupancy, providing immediate and stable cash flow.
    • Premier location in the heart of Tuscaloosa, steps from The University of Alabama and Bryant‑Denny Stadium.
    • Exceptional multi‑unit investment property with 27 bedrooms and 31 bathrooms.
    • Features 30 dedicated parking spaces.
    • Updated kitchens and private bathrooms in each unit.
    • In‑unit laundry and durable tile flooring throughout.

    Overview

    Tuscaloosa Multi-Unit Investment Property

    This multi-unit investment property is located in Tuscaloosa, Alabama, near the University of Alabama. The property features 27 bedrooms and 31 bathrooms. It includes 30 dedicated parking spaces, updated kitchens, private bathrooms, and in-unit laundry. Tile flooring is installed throughout the building. The property is currently 100% occupied and fully leased through July 2027, providing immediate cash flow. It is located within walking distance of Bryant-Denny Stadium, restaurants, and campus amenities. This income-producing asset offers long-term potential in a high-demand rental area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.555353
    Latitude
    33.203422

    Nearby Similar for Sale

    • $859,000
      3,230 SF

      Charming Commercial Office in Tuscaloosa

      Commercial office with parking, character, and rental potential.
      2902 7th Street, Tuscaloosa, AL 35401
      View Details
    • $650,000

      Tuscaloosa Mixed-Use Property For Sale

      Mixed-use property with warehouse near University of Alabama.
      3325 UNIVERSITY BOULEVARD, TUSCALOOSA, AL 35404
      View Details
    • $1,460,000
      4,801 SF

      Freestanding Commercial Building For Sale

      Versatile commercial space with drive-thru in Tuscaloosa, Alabama.
      8710 Highway 69 South, Tuscaloosa, AL 35405
      View Details
    • $850,000
      11,528 SF

      Tuscaloosa Warehouse with High Visibility

      11,500+ SF warehouse on 1.37 acres in Tuscaloosa.
      4201 Veterans Memorial Parkway, Tuscaloosa, AL 35404
      View Details
    • $1,115,000
      4,265 SF

      Duplex Near University of Alabama

      Spacious duplex with strong rental potential near University of Alabama.
      1021 Queen City Avenue, Tuscaloosa, AL 35401
      View Details
    • $299,900

      Retail Location in Tuscaloosa

      High-traffic shopping center location in fast-growing south Tuscaloosa.
      Southview Lane, Tuscaloosa, AL 35405
      View Details
    • $2,150,000
      5,772 SF

      Tuscaloosa Triplex Near Stadium

      12-bedroom triplex near Bryant-Denny Stadium with high rental potential.
      1305 14th Avenue, Tuscaloosa, AL 35401
      View Details
    • $489,900
      1,615 SF

      Retail and Office Space Available

      Retail and office space with original features and modern upgrades.
      2910 7th Street, Tuscaloosa, AL 35401
      View Details
    • $4,600,000
      46,566 SF

      Two-Story Office Building For Sale

      46,556 SF office building with interstate access and ample parking.
      3716 12th Avenue E, Tuscaloosa, AL 35405
      View Details
    • $175,000
      2,400 SF

      Tuscaloosa Triplex Investment Opportunity

      Triplex in West Tuscaloosa with strong rental demand.
      2115 Jemison Avenue, Tuscaloosa, AL 35401
      View Details
    • $1,599,900
      3,120 SF

      Multifamily Property Near University of Alabama

      Multifamily property with 8 bedrooms, near the University of Alabama.
      1008 Oak Ave, Tuscaloosa, AL 35401
      View Details
    • $550,000
      1,200 SF

      Multi-Use Building in Tuscaloosa, AL

      Multi-use building with parking and vacant lot in Tuscaloosa.
      1021 T.Y. Rogers Junior Avenue, Tuscaloosa, AL 35401
      View Details

    FAQs

    What type of property is this?
    Triplex - 27-bedroom, 31-bathroom multi-unit property near the University of Alabama.
    Where is this triplex located?
    The property is located at 1216 14TH AVENUE Tuscaloosa, AL.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: Income‑producing property fully leased through July 2027 with 100% occupancy, providing immediate and stable cash flow.; Premier location in the heart of Tuscaloosa, steps from The University of Alabama and Bryant‑Denny Stadium.; Exceptional multi‑unit investment property with 27 bedrooms and 31 bathrooms.
    (205) 822-2272
    We can help!
    Listing Contact
    Abby Pate
    Learn More
    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
    1216 14TH AVENUE, TUSCALOOSA, AL 35401
    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!