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Student Housing Triplex Near Stadium
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1016 Oak Avenue, Tuscaloosa, AL 35401

Triplex features three separate suites totaling nine bedrooms, with electric forced air, central air, and individual electric water heaters.

Property SizeContact for details
Days on Market119

Property Features for 1016 Oak Avenue

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Income Property Organization
Listed By: Paul McHugh, J.D. · License #OH 2016005820
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 2:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Income Property Organization

Investment Insights

Based on property information with market context.

This three-unit student housing property includes a two-bedroom, two and one-half-bath suite, a three-bedroom, three and one-half-bath suite, and a four-bedroom, four and one-half-bath suite. The building totals nine bedrooms across the three units. Each unit is equipped with electric forced air and central air conditioning, along with individual electric hot water tanks; there is no gas.

The property is located on Oak Avenue and is described as within walking distance to Bryant Denny Stadium.

Suites range in size from approximately 900 sq. ft. to 1,700 sq. ft., providing a mix of bedroom counts and bathroom configurations within the same triplex structure.

Key Highlights

  • Three‑unit student housing triplex with 9 total bedrooms within walking distance to Bryant‑Denny Stadium
  • Unit 1: 2‑bedroom, 2.5‑bath suite (approximately 900 SF)
  • Unit 2: 3‑bedroom, 3.5‑bath suite (1,170 SF)

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Locksmith Butcher (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,577
Businesses Nearby

Demographics for 35401, AL

41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex features three separate suites totaling nine bedrooms, with electric forced air, central air, and individual electric water heaters.
Where is this triplex located?
The property is located at 1016 Oak Avenue Tuscaloosa, AL.
What are key features of this property?
This property features: Three‑unit student housing triplex with 9 total bedrooms within walking distance to Bryant‑Denny Stadium; Unit 1: 2‑bedroom, 2.5‑bath suite (approximately 900 SF); Unit 2: 3‑bedroom, 3.5‑bath suite (1,170 SF)
More about this property
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