Brick Duplex with
New
For Sale
$309,900
1350-1352 HAMPTON Drive, Auburn, AL 36830
Multi-Family, AUBURN, AL
Property Size2,400 SF
Lot Size0.30 Acres
Price / SF$129.13
Days on Market5
Property Features for 1350-1352 HAMPTON Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Open
Subdivision
WINDSOR FOREST
Elementary school
DEAN ROAD/WRIGHTS MILL ROAD
Standard status
Active
Size
2,400 SF
Lot size
0.30 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air, Electric
Amenities
ceiling fans
fireplaces
central heat and air
ceramic tile
dedicated laundry areas
Building Details
Year built
1990
Floors in Building
1
Number of units
2
Flooring type
Concrete, Carpet
Listing Agency:
GILES & GILES REAL ESTATE
(334) 524-3844
Listed By:
RONNIE GILES · License #063210
(334) 524-3844
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 23 at 6:06PM
MLS# 182003
Copyright © 2026 Lee County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex contains 2,400 square feet on a 0.3-acre lot, with each unit arranged as a three-bedroom, two-bath residence. Interior features include living rooms, galley kitchens, fireplaces, ceiling fans, central heat and air, and dedicated laundry areas. Ceramic tile is installed in wet areas, while flooring includes concrete and carpet. Open parking serves the property.
Constructed in 1990, the building combines a brick exterior with practical residential finishes and separate unit layouts. The property is offered as-is, and the sale may be subject to rights of redemption.
Constructed in 1990, the building combines a brick exterior with practical residential finishes and separate unit layouts. The property is offered as-is, and the sale may be subject to rights of redemption.
Key Highlights
- Duplex with 2,400 square feet of total property size
- Each unit includes 3 bedrooms and 2 baths
- 0.3‑acre lot with open parking
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three-bedroom layouts, central HVAC, fireplaces, 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: Duplex with 2,400 square feet of total property size; Each unit includes 3 bedrooms and 2 baths; 0.3‑acre lot with open parking
