Two-Home Duplex
For Sale
$237,000
12978 Mary Lee Ave, Cottondale, AL 35453
Residential, Cottondale, AL
Property Size1,108 SF
Lot Size1.00 Acre
Price / SF$213.90
Days on Market95
Property Features for 12978 Mary Lee Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Driveway
Exterior features
GravelDriveway
Appliances
WaterHeater
Subdivision
Peterson
Elementary school
Holt
Middle school
Davis Emerson
High school
Holt
Directions
From 5 points traveling on Hwy 216 to Peterson, turn left onto Holt-Peterson Road, turn right onto Mary Lee Ave, Turn left onto Ruhama Street, turn left onto property
Standard status
Active
APN
30-01-12-1-003-001.000
Size
1,108 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Lot 1,2,3,4 Block 1 in Peterson Subdivision
Legal Description
Lot 1,2,3,4 Block 1 in Peterson Subdivision
Utilities
Sewer type
Septic Tank
Building Details
Year built
1950
Floors in Building
1
Building materials
VinylSiding
Roof type
Composition, Shingle
Additional Structures
Barn(s)
Listing Agency:
Pritchett Moore Real Estate
(205) 349-6500
Listed By:
Kathy Acker
(205) 657-1030
Added: Jul 20
Changed: Oct 22
Last Checked: Oct 22 at 10:06AM
MLS# 176399
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.
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Investment Insights
Based on property information with market context.
This duplex property includes two separate homes on a 1-acre parcel. Each residence has 2 bedrooms and 1 bathroom, with one home designed for handicap accessibility. The second residence measures 812 square feet. Supporting improvements include a large workshop and an additional storage outbuilding, while an extra lot sits between the homes.
The property has vinyl siding, shingle and composition roofing, a gravel driveway, driveway parking, a water heater, and septic tank service. Located in Cottondale, Alabama, the asset offers a two-residence configuration with accessory storage and workshop space.
The property has vinyl siding, shingle and composition roofing, a gravel driveway, driveway parking, a water heater, and septic tank service. Located in Cottondale, Alabama, the asset offers a two-residence configuration with accessory storage and workshop space.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- One home is handicap accessible
- Second home measures 812 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,008
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,160
$200.2K
Cap Rate 7%
$142,971
$143.0K
Cap Rate 9%
$111,200
$111.2K
Market Conditions
NOI Build-Up for 1,108 SF
Gross rent
$15.3K $13.80/SF
− Vacancy
−$994 −$0.90/SF
EGI
$14.3K $12.90/SF
− OpEx
−$4.3K −$3.87/SF
NOI
$10.0K $9.03/SF
Area
Tuscaloosa, AL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,160
Cap Rate 7%
$142,971
Cap Rate 9%
$111,200
Alternative Uses
Best Use
Multifamily LT 5
$143.0K
$125.1K – $166.8K
NOI $10,008 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$128.4K
$112.3K – $149.8K
NOI $8,986 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$266.3K
$233.0K – $310.6K
NOI $18,638 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
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Business Placement
Demographics for 35453, AL
12,682
Population
5,215
Households
2.4
Avg Household Size
38
Median Age
16%
College-Educated
89%
High-School Grad
90.4 sq mi
ZIP Area
140
Density / Sq Mi
$70,162
Median Household Income
$39,306
Median Earnings
$969
Median Rent
$190,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences support an owner-occupant arrangement or rental income from both homes.
Where is this duplex located?
The property is located at 12978 Mary Lee Ave Cottondale, AL.
What is the asking price?
The asking price for this property is $237,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; One home is handicap accessible; Second home measures 812 square feet
