Duplex with 2022
New
For Sale
$299,900
1259/1261 BRITNEE Court, Auburn, AL 36830
Multi-Family, AUBURN, AL
Property Size1,784 SF
Lot Size0.17 Acres
Price / SF$168.11
Days on Market2
Property Features for 1259/1261 BRITNEE Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Subdivision
TWIN CITY
Elementary school
CARY WOODS/PICK
Directions
From Auburn and Opelika Rd., turn left onto Commerce Dr., turn left onto Rick Dr. , turn right onto Britnee Ct.
Standard status
Active
Size
1,784 SF
Lot size
0.17 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Electric, Central Air
Amenities
laundry room
front porch
rear patio
fenced backyard
Building Details
Year built
1999
Floors in Building
1
Number of units
2
Listing Agency:
THE DENSON GROUP
(205) 503-8655
Listed By:
LINDA ZHANG
(334) 734-3341
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 13 at 9:06PM
MLS# 182338
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.
Built in 1999, this 1,784-square-foot duplex contains two 2BR/2BA residences with open floor plans, individual laundry rooms, front porches, and rear patios. One residence includes a fenced backyard, and the property also provides carport parking. Recent improvements include a roof installed in 2022 and new ranges and stoves added in September 2026. Refrigerators and water heaters are approximately 2 years old, while the HVAC systems and dishwashers are 2–3 years old. Heating is provided by heat pumps, with electric central air conditioning.
The duplex occupies a 0.17-acre lot at 1259/1261 BRITNEE Court in Auburn, Alabama. Both units are leased, with unit #1261 through 7/31/2027 and unit #1259 through 10/31/2026. The property has no HOA fees.
The duplex occupies a 0.17-acre lot at 1259/1261 BRITNEE Court in Auburn, Alabama. Both units are leased, with unit #1261 through 7/31/2027 and unit #1259 through 10/31/2026. The property has no HOA fees.
Key Highlights
- 1,784‑square‑foot duplex on a 0.17‑acre lot
- Two 2BR/2BA units with open floor plans and individual laundry rooms
- Unit #1261 leased through 7/31/2027; unit #1259 leased through 10/31/2026
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
$15,248
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
5.08%
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%
$304,960
$305.0K
Cap Rate 7%
$217,829
$217.8K
Cap Rate 9%
$169,422
$169.4K
Market Conditions
NOI Build-Up for 1,784 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
$23.5K $13.20/SF
− Vacancy
−$1.8K −$0.99/SF
EGI
$21.8K $12.21/SF
− OpEx
−$6.5K −$3.66/SF
NOI
$15.2K $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%
$304,960
Cap Rate 7%
$217,829
Cap Rate 9%
$169,422
Alternative Uses
Best Use
Multifamily LT 5
$217.8K
$190.6K – $254.1K
NOI $15,248 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$203.8K
$178.3K – $237.8K
NOI $14,266 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$435.1K
$380.7K – $507.6K
NOI $30,458 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 36830, AL
47,543
Population
23,146
Households
2.1
Avg Household Size
30
Median Age
63%
College-Educated
96%
High-School Grad
109.5 sq mi
ZIP Area
434
Density / Sq Mi
$63,761
Median Household Income
$37,414
Median Earnings
$1,033
Median Rent
$346,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences offer open layouts, laundry rooms, porches, patios, and a fenced yard.
Where is this duplex located?
The property is located at 1259/1261 BRITNEE Court Auburn, AL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,784‑square‑foot duplex on a 0.17‑acre lot; Two 2BR/2BA units with open floor plans and individual laundry rooms; Unit #1261 leased through 7/31/2027; unit #1259 leased through 10/31/2026
