Four-Unit Quadplex
New
For Sale
$465,000
1013 STALEY Avenue, Opelika, AL 36801
MULTI_FAMILY - OPELIKA, AL
Property Size3,904 SF
Lot Size0.45 Acres
Price / SF$119.11
Days on Market1
Property Features for 1013 STALEY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
NORTHSIDE INTERMEDIATE/SOUTHVIEW PRIMARY
Directions
From Waverly parkway, continue on Fitzpatrick, turn right on simons St, and left on Staley Ave, turn right into the driveway.
Subdivision
Opelika
Standard status
Active
Size
3,904 SF
Lot size
0.45 Acres
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Forced Air
Cooling system
Heat Pump
Amenities
paved parking lot
Building Details
Year built
1997
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic, Simulated wood, Linoleum
Listing Agency:
EXP REALTY - ACUFF WEEKLEY GROUP
(334) 521-8221
Listed By:
CADIE SHIRLEY
(334) 521-8221
Added: Aug 17
Last Checked: Aug 17 at 6:06PM
MLS# 181739
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.
Located at 1013 Staley Avenue in Opelika, this 3,904-square-foot multifamily property comprises two duplex buildings with four occupied units on one 0.45-acre parcel. The buildings share a paved parking lot, and the unit interiors include ceramic tile, simulated wood, and linoleum flooring. Construction dates to 1997, with electric forced-air heating and heat pump cooling.
All four units are leased month to month. Many tenants have remained in place for more than five years. Tenants handle all utilities except lawn care, while a septic alligator pump installed in 2022 serves the property. Cable is available at the site.
All four units are leased month to month. Many tenants have remained in place for more than five years. Tenants handle all utilities except lawn care, while a septic alligator pump installed in 2022 serves the property. Cable is available at the site.
Key Highlights
- Four occupied units across two duplex buildings
- 3,904 square feet on a 0.45‑acre parcel
- Month‑to‑month tenants, with many in place more than five years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,367
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$667,340
$667.3K
Cap Rate 7%
$476,671
$476.7K
Cap Rate 9%
$370,744
$370.7K
Market Conditions
NOI Build-Up for 3,904 SF
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.
Gross rent
$51.5K $13.20/SF
− Vacancy
−$3.9K −$0.99/SF
EGI
$47.7K $12.21/SF
− OpEx
−$14.3K −$3.66/SF
NOI
$33.4K $8.55/SF
Area
Lee County, AL
Vacancy
7.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$667,340
Cap Rate 7%
$476,671
Cap Rate 9%
$370,744
Alternative Uses
Best Use
Multifamily LT 5
$476.7K
$417.1K – $556.1K
NOI $33,367 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$446.0K
$390.2K – $520.3K
NOI $31,219 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$952.2K
$833.2K – $1.11M
NOI $66,652 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 36801, AL
24,590
Population
11,363
Households
2.2
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
314
Density / Sq Mi
$58,256
Median Household Income
$39,018
Median Earnings
$926
Median Rent
$211,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two duplex buildings provide occupied rental units with shared paved parking and month-to-month tenancy.
Where is this quadplex located?
The property is located at 1013 STALEY Avenue Opelika, AL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Four occupied units across two duplex buildings; 3,904 square feet on a 0.45‑acre parcel; Month‑to‑month tenants, with many in place more than five years
