Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Duplex with Updated Units Title is generated by Realmo AI

    1335 16th SE St, Cullman, AL 35055

    View on Map
    Claim this Listing
    For Sale
    $275,000

    Multi-Unit (2-4), A-frame,Duplex - Cullman, AL

    Property size:
    3,000 SF
    Lot size:
    0.44 Acres
    Price / SF:
    $91/SF
    Added:
    Mar 2, 2026
    Days on Market:
    96
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for 1335 16th SE St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage
    Standard status
    Active
    APN
    000000-000.000-0000-014.000
    Size
    3,000 SF
    Lot size
    0.44 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Year renovated
    1988
    Floors in Building
    1
    Flooring type
    Carpet
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Tony Giglio

    Listing agent Tony Giglio

    Listing office Top Brokerage LLC 1050 Crown Pointe Parkway, Atlanta, AL

    Listing date Mar 2, 2026

    MLS# 11665231 Listing URL

    Copyright © 2026 My State 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

    • Turnkey, fully renovated duplex.
    • Strong rental income potential (approximately $1,500 per unit).
    • Ideal for owner‑occupant or investor.
    • Brand‑new kitchen appliances and modern finishes.
    • Move‑in ready with minimal maintenance.
    • Convenient location near schools, shopping, and amenities.

    Overview

    This fully renovated duplex offers two updated units, each featuring modern finishes and brand-new kitchen appliances. The property has fresh improvements throughout and is presented as move-in ready, designed to support straightforward occupancy with minimal maintenance required.

    Located in SE Cullman, the home is convenient to schools, shopping, and other local amenities, making it practical for both owner-occupants and rental households. The property sits on a 0.44-acre lot.

    With two separate units, the layout supports common owner-occupant and investor scenarios, including living in one side while renting the other. The listing notes approximately $1,500 per unit in potential rental income. If you’re looking for a renovated income property with updated in-unit finishes and appliances, this duplex offers a turn-key setup intended to reduce immediate renovation timelines.

    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 $27.0k $9.00
    − Vacancy −$1.8k −$0.59
    EGI $25.2k $8.42
    − OpEx −$7.6k −$2.52
    NOI $17.7k $5.89
    3,000 SF · lease $9.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $252.5K
    $220.9K – $294.5K (±1% cap)
    NOI $17,672 @ 7.0% cap · market cap 6.43%
    Second Best
    Apartment 5plus
    $231.5K
    $202.6K – $270.1K (±1% cap)
    NOI $16,204 @ 7.0% cap · market cap 5.89%
    Theoretical Best
    Office A
    $442.3K
    $387.0K – $516.0K (±1% cap)
    NOI $30,960 @ 7.0% cap · market cap 11.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cullman
    County
    Cullman
    State
    Alabama
    Longitude
    -86.82704
    Latitude
    34.162596

    Nearby Similar for Sale

    • $370,000
      4,258 SF

      Mixed-Use Commercial Opportunity in Cullman

      Mixed-use property with highway frontage, shop, and livable space.
      61 Al Hwy 69 N, Cullman, AL 35055
      View Details
    • $499,000
      9,100 SF

      Versatile Commercial Building on Highway

      9,100 sq ft building on 4.21 acres for sale.
      9350 US Highway 278, Cullman, AL 35055
      View Details
    • $1,600
      4,200 SF

      Retail Space on Highway 69

      Retail/commercial space with high visibility and ample parking.
      3870 Al Hwy 69, Cullman, AL 35057
      View Details
    • $495,000
      2,932 SF

      Turnkey Transmission Shop with Residence

      Equipped transmission shop with on-site residence on over an acre.
      439 County Road 1568, Cullman, AL 35058
      View Details
    • $369,000

      Operational Meat Processing Plant

      Fully operational meat processing plant on 1.1 acres for sale.
      3415 W HIGHWAY 278, CULLMAN, AL 35057
      View Details
    • $575,000
      4,583 SF

      Versatile Mixed-Use Commercial Property

      High-visibility commercial property with flexible zoning for business or residential.
      1348 3rd St, Cullman, AL 35055
      View Details
    • $599,000

      Seventeen Acre Farm in Cullman

      17-acre farm with home, barn, shop, and pasture.
      690 county road 820, Cullman, AL 35057
      View Details
    • $375,000
      4,320 SF

      Highway 69 Mixed-Use Property

      Mixed-use property with shop and livable space on Highway 69.
      61 Al Hwy 69 N, Cullman, AL 35055
      View Details
    • $1.00
      4,323 SF

      Versatile Farm/Estate on 50 Acres

      50-acre farm with a spacious home and equestrian facilities.
      34315 AL HWY 91, Cullman, AL 35055
      View Details
    • $349,900
      13,613 SF

      Commercial Warehouse Near Interstate 65

      13,620 SF commercial warehouse, 5 minutes from I-65.
      40 US Hwy 278, Cullman, AL 35057
      View Details
    • $568,900
      3,489 SF

      Equestrian-Ready Ranch and Farm

      Updated home on 21.8 acres, perfect for cattle/horses.
      4137 County Road 940, CULLMAN, AL 35057
      View Details
    • $1,600
      4,200 SF

      Retail Space on AL Highway

      Retail/commercial space with high visibility and ample parking.
      3870 Al Hwy 69 Unit 2, Cullman, AL 35057
      View Details

    FAQs

    What type of property is this?
    Duplex - Turnkey duplex in SE Cullman featuring two renovated units with new kitchen appliances and modern finishes.
    Where is this duplex located?
    The property is located at 1335 16th SE St Cullman, AL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Turnkey, fully renovated duplex.; Strong rental income potential (approximately $1,500 per unit).; Ideal for owner‑occupant or investor.
    (855) 573-3021
    We can help!
    Listing Contact
    Tony Giglio
    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
    1335 16th SE St, Cullman, AL 35055
    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!