Brick Duplex with Three-Bedroom
For Sale
$309,900
1350-1352 Hampton Drive, Auburn, AL 36830
Two residences feature galley kitchens, fireplaces, central heat and air, and dedicated laundry areas.
Property Size2,400 SF
Price / SF$129.13
Days on Market10
Property Features for 1350-1352 Hampton Drive
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1990
Listing Agency:
GILES & GILES REAL ESTATE
(334) 887-3425
Listed By:
Ronnie Giles · License #rondez
Source:
Threesixtyforsale
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 25 at 3:48AM
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 GILES & GILES REAL ESTATE
Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex in Auburn has a brick exterior and was built in 1990. Each residence includes three bedrooms and two bathrooms, along with a living room, galley kitchen, fireplace, ceiling fans, central heat and air, and a dedicated laundry area. Ceramic tile is installed in the wet areas for durable, easy-care finishes.
The property is located at 1350-1352 Hampton Dr, Auburn, AL 36830. Both units provide a consistent layout and practical residential features, making the building suitable for occupancy by households seeking separate bedrooms and bathrooms. The property is offered as-is and may be subject to rights of redemption.
The property is located at 1350-1352 Hampton Dr, Auburn, AL 36830. Both units provide a consistent layout and practical residential features, making the building suitable for occupancy by households seeking separate bedrooms and bathrooms. The property is offered as-is and may be subject to rights of redemption.
Key Highlights
- 2,400‑square‑foot duplex at 1350‑1352 Hampton Dr, Auburn, AL 36830
- Built in 1990 with a brick exterior
- Each unit includes 3 bedrooms and 2 bathrooms
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
$20,513
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
6.62%
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%
$410,260
$410.3K
Cap Rate 7%
$293,043
$293.0K
Cap Rate 9%
$227,922
$227.9K
Market Conditions
NOI Build-Up for 2,400 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
$31.7K $13.20/SF
− Vacancy
−$2.4K −$0.99/SF
EGI
$29.3K $12.21/SF
− OpEx
−$8.8K −$3.66/SF
NOI
$20.5K $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%
$410,260
Cap Rate 7%
$293,043
Cap Rate 9%
$227,922
Alternative Uses
Best Use
Multifamily LT 5
$293.0K
$256.4K – $341.9K
NOI $20,513 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$274.2K
$239.9K – $319.9K
NOI $19,192 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$585.3K
$512.2K – $682.9K
NOI $40,974 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature galley kitchens, fireplaces, central heat and air, and dedicated laundry areas.
Where is this duplex located?
The property is located at 1350-1352 Hampton Drive Auburn, AL.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 2,400‑square‑foot duplex at 1350‑1352 Hampton Dr, Auburn, AL 36830; Built in 1990 with a brick exterior; Each unit includes 3 bedrooms and 2 bathrooms
