Renovated Two-Unit
1501 18th Avenue Phenix City, AL 36867
1501 18th Avenue, Phenix City, AL, 36867
$249,900
For Sale
$249,900
MULTI_FAMILY - Phenix City, AL
Property Size1,976 SF
Lot Size0.58 Acres
Price / SF$126.47
Days on Market47
Property Features for 1501 18th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
- Parking features
- Driveway
- Interior features
- Walk-In Closet(s)
- Appliances
- Dryer, Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 1,976 SF
- Lot size
- 0.58 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1973
- Number of units
- 2
- Flooring type
- Laminate
Listing Agency
eXp Realty LLC
(888) 959-9461
1372 Peachtree Street NE, CARTERSVILLE, AL
Listed by
Danielle Hinson Moore · License #76396
(706) 593-4675
Added: Jun 5 Updated: Jul 11 at 8:33 am Checked: Jul 21 at 2:06 am
MLS# 232242
Listing URL
Copyright © 2026 Columbus Board of Realtors (GA). 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.
Completely renovated duplex with two separate units, each offering two bedrooms and two bathrooms. Interiors include a living room and a dining area in the kitchen, with all-new kitchen cabinets and counters plus stainless steel appliances. Each unit also features a new washer and dryer and a new water heater, supported by newly installed heating and AC systems in each unit.
The property is centrally located in Phenix City, directly behind the library at 1501 18th Avenue. The site covers 0.58 acres, providing a residential income configuration in a convenient area for everyday needs.
This duplex is well suited for an owner-occupant looking to live in one unit while generating rental income from the other, or for an investor seeking a turn-key, renovated two-unit asset. With no carpet and multiple in-unit updates already completed, prospective tenants or residents should have a straightforward move-in experience. Schedule a private tour to review the layout and finish details for each unit.
The property is centrally located in Phenix City, directly behind the library at 1501 18th Avenue. The site covers 0.58 acres, providing a residential income configuration in a convenient area for everyday needs.
This duplex is well suited for an owner-occupant looking to live in one unit while generating rental income from the other, or for an investor seeking a turn-key, renovated two-unit asset. With no carpet and multiple in-unit updates already completed, prospective tenants or residents should have a straightforward move-in experience. Schedule a private tour to review the layout and finish details for each unit.
Key Highlights
- Completely renovated duplex with 2 bedrooms and 2 bathrooms in each unit
- New kitchen updates per unit: all‑new cabinets, counters, and stainless steel appliances
- Each unit includes a living room and dining area, plus new washer and dryer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $13.20 |
| − Vacancy | −$2.0k | −$0.99 |
| EGI | $24.1k | $12.21 |
| − OpEx | −$7.2k | −$3.66 |
| NOI | $16.9k | $8.55 |
1,976 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.3K
$211.1K – $281.5K
NOI $16,889 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$225.7K
$197.5K – $263.4K
NOI $15,801 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$481.9K
$421.7K – $562.3K
NOI $33,736 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in ready duplex with two bed, two bath units and fully updated heating and cooling systems.
Where is this duplex located?
The property is located at 1501 18th Avenue Phenix City, AL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Completely renovated duplex with 2 bedrooms and 2 bathrooms in each unit; New kitchen updates per unit: all‑new cabinets, counters, and stainless steel appliances; Each unit includes a living room and dining area, plus new washer and dryer
