Value-Add Duplex
603 18th Street Tuscaloosa, AL 35401
For Sale
$250,000
Pending
MULTI_FAMILY - Tuscaloosa, AL
Property Size1,100 SF
Lot Size1.00 Acre
Days on Market100
Property Features for 603 18th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Interior features
- CeilingFans
- Exterior features
- ConcreteDriveway
- Standard status
- Pending
- APN
- 31-07-26-1-011-002.001
- Size
- 1,100 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- Lot 2 In Blk 3 In Finnell Addition Subd
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Flooring type
- Vinyl
- Building materials
- WoodFrame
- Roof type
- Shingle, Composition
Listing Agency:
Keller Williams Tuscaloosa
(205) 759-3400
Listed By:
Edwin Odems
(601) 618-4474
Added: Apr 15
Changed: Jul 18
Last Checked: Jul 23 at 8:06PM
MLS# 174681
Copyright © 2026 West Alabama Multiple Listing Service. 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 duplex investment property is offered for sale with approximately 1,100 square feet and sits on a 1-acre lot. The listing describes the opportunity as value-add, with room to pursue strategic renovations and rent optimization as part of a light rehab or buy-and-hold approach.
Located at 603 18th Street in Tuscaloosa, the property is described as being just minutes from the University of Alabama campus and positioned within a rental corridor. The remarks also note proximity to dining, shopping, and campus amenities.
Overall, it’s presented as a multi-family residential income asset suited for investors looking to increase performance through updates and ongoing management while maintaining occupancy in a high-demand student housing market.
Located at 603 18th Street in Tuscaloosa, the property is described as being just minutes from the University of Alabama campus and positioned within a rental corridor. The remarks also note proximity to dining, shopping, and campus amenities.
Overall, it’s presented as a multi-family residential income asset suited for investors looking to increase performance through updates and ongoing management while maintaining occupancy in a high-demand student housing market.
Key Highlights
- Prime value‑add investment opportunity.
- Minutes from the University of Alabama campus.
- Strong upside potential through renovations and rent optimization.
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 | $15.2k | $13.80 |
| − Vacancy | −$987 | −$0.90 |
| EGI | $14.2k | $12.90 |
| − OpEx | −$4.3k | −$3.87 |
| NOI | $9.9k | $9.03 |
1,100 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$141.9K
$124.2K – $165.6K
NOI $9,935 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$127.4K
$111.5K – $148.7K
NOI $8,921 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$264.3K
$231.3K – $308.4K
NOI $18,504 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex for sale with 1,100 square feet on a 1-acre lot near the University of Alabama campus.
Where is this duplex located?
The property is located at 603 18th Street Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime value‑add investment opportunity.; Minutes from the University of Alabama campus.; Strong upside potential through renovations and rent optimization.
