Four-Unit Quadplex
For Sale
$465,000
1013 Staley Ave, Opelika, AL 36801
Two duplex buildings offer occupied rental units with shared paved parking.
Property Size3,904 SF
Price / SF$119.11
Days on Market12
Property Features for 1013 Staley Ave
General Information
Standard status
Active
Size
3,904 SF
Property subtype
Multi-Family
Building Details
Year Built
1997
Listing Agency:
Berkshire Hathaway Homeservices
(334) 329-2302
Listed By:
Kelly Woods
(334) 329-2302
Source:
Villagerealtyauburnopelika
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 26 at 1:00PM
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 Berkshire Hathaway Homeservices
Investment Insights
Based on property information with market context.
This 3,904-square-foot quadplex consists of two duplex buildings on a single parcel, providing four residential units. Constructed in 1997, the property has all units occupied under month-to-month tenancy arrangements, with many residents having remained for more than five years. A paved parking area serves both buildings.
Tenants cover all utilities other than lawn care. Ownership is responsible for electricity serving the septic alligator pump, which was installed in 2022. The current configuration combines four units, shared parking, and established occupancy within one multifamily property in Opelika.
Tenants cover all utilities other than lawn care. Ownership is responsible for electricity serving the septic alligator pump, which was installed in 2022. The current configuration combines four units, shared parking, and established occupancy within one multifamily property in Opelika.
Key Highlights
- Four‑unit quadplex with 3,904 SF across two duplex buildings
- All four units are fully occupied with month‑to‑month tenants
- Many tenants have rented for over 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
Location Intelligence
Trade Area within ½ mile
935
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 offer occupied rental units with shared paved parking.
Where is this quadplex located?
The property is located at 1013 Staley Ave 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‑unit quadplex with 3,904 SF across two duplex buildings; All four units are fully occupied with month‑to‑month tenants; Many tenants have rented for over five years
