Tenant-Occupied
1401 MAGNOLIA Street, Opelika, AL 36801
For Sale
$224,000
Multi-Family, OPELIKA, AL
Property Size2,385 SF
Lot Size0.30 Acres
Price / SF$93.92
Days on Market85
Property Features for 1401 MAGNOLIA Street
General Information
Property type
Property subtype
Parking features
Subdivision
Elementary school
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Listing Agency:
EXP REALTY - ACUFF WEEKLEY GROUP
Listed By:
CADIE SHIRLEY
(334) 521-8221
Added: Aug 17
Changed: Oct 29
Last Checked: Nov 9 at 3:06AM
MLS# 181738
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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,385 square feet arranged as two separately occupied residences. Unit A has 2 bedrooms and 1 bathroom, while Unit B provides 3 bedrooms and 1 bathroom. Built in 1965, the property has carpet and vinyl flooring, forced-air natural gas heat, window-unit cooling, and open parking with a carport. Recent work addressed structural and moisture issues, soffit and fascia, roof maintenance, and interior wall repairs.
The 0.3-acre property is located next to the police station at 1401 Magnolia Street in Opelika, Alabama. Both units are occupied under month-to-month leases. Residents pay their own utilities and handle lawn maintenance. Cable service is available.
The 0.3-acre property is located next to the police station at 1401 Magnolia Street in Opelika, Alabama. Both units are occupied under month-to-month leases. Residents pay their own utilities and handle lawn maintenance. Cable service is available.
Key Highlights
- 2,385‑square‑foot duplex on a 0.3‑acre lot
- Two units: 2BR/1BA and 3BR/1BA
- Both residences occupied under month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,385
Cap Rate
9.10%
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 9.10%
Second Best
Apartment 5plus
$272.5K
$238.4K – $317.9K
NOI $19,072 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$581.7K
$509.0K – $678.6K
NOI $40,718 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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
$211,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lee County, AL
Properties on Market for Duplexes in Lee County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately occupied units with recent repairs, individual utility responsibility, and month-to-month lease terms.
Where is this duplex located?
The property is located at 1401 MAGNOLIA Street Opelika, AL.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: 2,385‑square‑foot duplex on a 0.3‑acre lot; Two units: 2BR/1BA and 3BR/1BA; Both residences occupied under month‑to‑month leases
