Leased Duplex Income
905/907 MCKINLEY Drive Auburn, AL 36830
New
For Sale
$310,000
MULTI_FAMILY - AUBURN, AL
Property Size1,754 SF
Lot Size0.30 Acres
Price / SF$176.74
Days on Market5
Property Features for 905/907 MCKINLEY Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Open
Standard status
Active
Size
1,754 SF
Lot size
0.30 Acres
Utilities
Cooling system
Electric, Central Air
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES
(334) 826-1010
Listed By:
WILL FAULKNER
(334) 328-0005
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 28 at 11:06PM
MLS# 181524
Copyright © 2026 Lee County Association of Realtors. 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.
905/907 McKinnley Avenue is a two-unit duplex with residential income from two separate units. The property is fully leased through July 2027, providing immediate, stable rental income and eliminating near-term vacancy concerns.
Located in Auburn, AL (Lee County), the duplex is described as being just minutes from Auburn University and offering access to downtown Auburn as well as shopping, dining, and entertainment.
With a lot size of 0.3 acres and 1,754 square feet of property size, this residential income property provides a straightforward duplex configuration for investors seeking a turn-key leased asset.
Located in Auburn, AL (Lee County), the duplex is described as being just minutes from Auburn University and offering access to downtown Auburn as well as shopping, dining, and entertainment.
With a lot size of 0.3 acres and 1,754 square feet of property size, this residential income property provides a straightforward duplex configuration for investors seeking a turn-key leased asset.
Key Highlights
- Duplex at 905/907 McKinnley Avenue with two residential units
- Fully leased through July 2027 for stable rental income and no near‑term vacancy concerns
- Central air with electric cooling
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 | $23.2k | $13.20 |
| − Vacancy | −$1.7k | −$0.99 |
| EGI | $21.4k | $12.21 |
| − OpEx | −$6.4k | −$3.66 |
| NOI | $15.0k | $8.55 |
1,754 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.2K
$187.4K – $249.9K
NOI $14,991 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$200.4K
$175.3K – $233.8K
NOI $14,026 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$427.8K
$374.3K – $499.1K
NOI $29,945 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex offered for sale, fully leased through July 2027 for immediate rental income.
Where is this duplex located?
The property is located at 905/907 MCKINLEY Drive Auburn, AL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Duplex at 905/907 McKinnley Avenue with two residential units; Fully leased through July 2027 for stable rental income and no near‑term vacancy concerns; Central air with electric cooling
