Tenant-Occupied
For Sale
$225,000
1401 Magnolia St, Opelika, AL 36801
Two separately occupied units provide an established rental configuration with month-to-month leasing flexibility.
Property Size2,385 SF
Price / SF$94.34
Days on Market57
Property Features for 1401 Magnolia St
General Information
Standard status
Active
Size
2,385 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
fully fenced backyard
Building Details
Year Built
1965
Buildings
1
Tenancy
Multi
Listing Agency:
Porch Light Real Estate LLC
(334) 742-8050
Listed By:
Kelly Woods
(334) 329-2302
Source:
Villagerealtyauburnopelika
Added: Aug 19
Changed: Oct 1
Last Checked: Oct 12 at 7:47PM
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 Porch Light Real Estate LLC
Investment Insights
Based on property information with market context.
This 2,385-square-foot duplex, built in 1965, contains two separately occupied residences. The first unit has two bedrooms and one bathroom, while the second provides three bedrooms and one bathroom. Both residences are occupied under month-to-month leases, and residents pay their own utilities and handle lawn maintenance. A fully fenced backyard serves the property.
The property is located at 1401 Magnolia St in Opelika, Alabama, beside the police station. Its setting provides access to downtown Opelika, shopping, and dining. The two-unit layout and existing occupancy create a straightforward residential income property configuration.
The property is located at 1401 Magnolia St in Opelika, Alabama, beside the police station. Its setting provides access to downtown Opelika, shopping, and dining. The two-unit layout and existing occupancy create a straightforward residential income property configuration.
Key Highlights
- 2,385‑square‑foot duplex built in 1965
- Two separately occupied units: 2 bedrooms/1 bathroom and 3 bedrooms/1 bathroom
- Both units are tenant occupied on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,385
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,700
$407.7K
Cap Rate 7%
$291,214
$291.2K
Cap Rate 9%
$226,500
$226.5K
Market Conditions
NOI Build-Up for 2,385 SF
Gross rent
$31.5K $13.20/SF
− Vacancy
−$2.4K −$0.99/SF
EGI
$29.1K $12.21/SF
− OpEx
−$8.7K −$3.66/SF
NOI
$20.4K $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 Rate 5%
$407,700
Cap Rate 7%
$291,214
Cap Rate 9%
$226,500
Alternative Uses
Best Use
Multifamily LT 5
$291.2K
$254.8K – $339.8K
NOI $20,385 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$272.5K
$238.4K – $317.9K
NOI $19,072 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$581.7K
$509.0K – $678.6K
NOI $40,718 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
502
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately occupied units provide an established rental configuration with month-to-month leasing flexibility.
Where is this duplex located?
The property is located at 1401 Magnolia St Opelika, AL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,385‑square‑foot duplex built in 1965; Two separately occupied units: 2 bedrooms/1 bathroom and 3 bedrooms/1 bathroom; Both units are tenant occupied on month‑to‑month leases
