Tuscaloosa Multifamily Investment
2809 19TH Street Tuscaloosa, AL 35401
2809 19TH Street, Tuscaloosa, AL, 35401
$194,900
Pending
For Sale
$194,900
Pending
MULTI_FAMILY - Tuscaloosa, AL
Property Size1,800 SF
Lot Size0.18 Acres
Days on Market89
Property Features for 2809 19TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Interior features
- CeilingFans
- Exterior features
- ConcreteDriveway, Fence, Landscaping, PavedDriveway
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 31-08-27-2-025-004.000
- Size
- 1,800 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Lot 4 Block 440 T C I & L
- Tax Annual Amount
- 1553
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1997
- Flooring type
- Vinyl
- Building materials
- WoodFrame
- Roof type
- Shingle, Composition
Listing Agency
MICHAEL JACOBSON REAL EST
(205) 553-7372
312 HARGROVE RD, E, TUSCALOOSA, AL
Listed by
Michael Jacobson
(205) 394-0451
Added: Apr 22 Checked: Jul 19 at 3:06 am
MLS# 174790
Listing URL
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Investment Insights
Based on property information with market context.
This multifamily property is located in Tuscaloosa, Alabama. The property includes a fenced backyard and front parking. One unit is currently vacant and available for showings. The other unit is occupied by a long-term tenant. The lot size is 0.18 acres. The property size is 1800 square feet, presenting a potential investment opportunity.
Key Highlights
- Two‑unit property built in 1997
- One unit is vacant and may be shown anytime
- Second unit is tenant‑occupied and has been there for many years
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 | $24.8k | $13.80 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $23.2k | $12.90 |
| − OpEx | −$7.0k | −$3.87 |
| NOI | $16.3k | $9.03 |
1,800 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.3K
$203.2K – $271.0K
NOI $16,258 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$208.5K
$182.5K – $243.3K
NOI $14,598 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multifamily property with fenced backyard, good investment potential.
Where is this duplex located?
The property is located at 2809 19TH Street Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Two‑unit property built in 1997; One unit is vacant and may be shown anytime; Second unit is tenant‑occupied and has been there for many years
