Renovated Triplex with Basement
1316 16th Street Ensley, Birmingham, AL 35218
For Sale
$400,000
Vacant three-unit property with renovated kitchens and bathrooms, hardwood floors, and distinct main-level and basement layouts.
Property Size2,836 SF
Price / SF$141.04
Days on Market52
Property Features for 1316 16th Street Ensley
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Building Details
Year Built
Listing Agency:
SeBro Realty
Listed By:
Thomas Allen · License AL #119321
(205) 807-4132
Source:
Exprealty
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 8 at 10:53AM
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 SeBro Realty
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Investment Insights
Based on property information with market context.
This 2,836 SF triplex contains three vacant units: two main-level apartments with 2BR/1BA and 1BR/1BA layouts, plus a 2BR/1BA basement apartment measuring 830 SF. Kitchens and bathrooms have been renovated. The main-level units feature 12-foot ceilings, hardwood flooring, and tile in the kitchens and baths, while the basement includes 8-foot ceilings and concrete floors. Built in 1910, the property also provides street parking and a rear common area with a weeping willow.
Located at 1316 16th Street Ensley in Birmingham, Alabama, the property offers a three-unit configuration with existing interior improvements and all units currently vacant.
Located at 1316 16th Street Ensley in Birmingham, Alabama, the property offers a three-unit configuration with existing interior improvements and all units currently vacant.
Key Highlights
- Three‑unit triplex totaling 2,836 SF
- Main level includes 2BR/1BA and 1BR/1BA units, each approximately 1,003 SF
- 830 SF basement unit with a 2BR/1BA layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,845
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,900
$436.9K
Cap Rate 7%
$312,071
$312.1K
Cap Rate 9%
$242,722
$242.7K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$34.4K $12.12/SF
− Vacancy
−$3.2K −$1.12/SF
EGI
$31.2K $11.00/SF
− OpEx
−$9.4K −$3.30/SF
NOI
$21.8K $7.70/SF
Area
Birmingham, AL
Vacancy
9.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,900
Cap Rate 7%
$312,071
Cap Rate 9%
$242,722
Alternative Uses
Best Use
Multifamily LT 5
$312.1K
$273.1K – $364.1K
NOI $21,845 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$292.2K
$255.6K – $340.9K
NOI $20,451 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$665.7K
$582.5K – $776.6K
NOI $46,597 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 35218, AL
6,521
Population
3,274
Households
2
Avg Household Size
42
Median Age
9%
College-Educated
82%
High-School Grad
2.6 sq mi
ZIP Area
2,508
Density / Sq Mi
$30,966
Median Household Income
$22,331
Median Earnings
$897
Median Rent
$79,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-unit property with renovated kitchens and bathrooms, hardwood floors, and distinct main-level and basement layouts.
Where is this triplex located?
The property is located at 1316 16th Street Ensley Birmingham, AL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,836 SF; Main level includes 2BR/1BA and 1BR/1BA units, each approximately 1,003 SF; 830 SF basement unit with a 2BR/1BA layout
