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    Five-Unit Multifamily Property Title is generated by Realmo AI

    156-A Dudley Lane, Owens Cross Roads, AL 35763

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    Claim this Listing
    New
    For Sale
    $595,000

    MULTI_FAMILY - Owens Cross Roads, AL

    Property size:
    3,588 SF
    Lot size:
    2.40 Acres
    Price / SF:
    $165/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 156-A Dudley Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    10
    Parking features
    Off Street, Parking Lot, Driveway
    Patio and Porch features
    Deck
    Appliances
    Oven, Refrigerator, Dishwasher, Washer, Dryer, W/D Hookup, Electric Water Heater
    Standard status
    Active
    Size
    3,588 SF
    Lot size
    2.40 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Varies by Unit (Heating), Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Pond

    Building Details

    Year built
    2002
    Floors in Building
    1
    Number of units
    5

    We can help!

    Listing Contact
    Lindsey Parker
    Lindsey Parker

    Listing agent Lindsey Parker License #122609

    Listing office Endeavour Realty 7800 Madison Blvd Ste 307, AL

    Listing date Jun 4, 2026

    MLS# 21905930 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5‑unit multifamily property (2 free‑standing units plus a triplex) built in 2002
    • 2.4‑acre lot with space for additional buildings
    • All 5 units fully occupied
    • Unit mix: free‑standing units are 2 bed/1 bath; triplex includes one 1 bed/1 bath and two 2 bed/1 bath units
    • Dedicated laundry for the two free‑standing units, plus washer/dryer combo units in each triplex unit
    • Two utility meters; 5 new front porches and 4 new HVAC units; public water and public sewer

    Overview

    This for-sale multifamily property includes five total units: two free-standing two-bedroom, one-bath homes and a triplex with one one-bedroom, one-bath unit and two two-bedroom, one-bath units. Each free-standing unit has access to a dedicated laundry room with washer and dryer, while the triplex units include washer/dryer combo units in each unit. The property sits on a 2.4-acre lot and includes room for additional buildings. Tenants are responsible for utilities, and the property is served by two utility meters.

    The current configuration provides a mix of unit sizes, with all five units fully occupied. The exterior includes five brand new front porches, and there are four brand new HVAC units. Two units have brand new flooring.

    For investors or owner-operators seeking a small residential income property, the fully occupied status and on-site laundry setup for the free-standing homes may support continued operational convenience. The combination of updated front porches, multiple newer HVAC units, and recent flooring in two units can also be attractive for buyers looking to reduce near-term capital concerns while maintaining a diversified tenant mix across one- and two-bedroom layouts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Department Store Grocery & Convenience Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owens Cross Roads
    County
    Madison
    State
    Alabama
    Longitude
    -86.444312
    Latitude
    34.582273

    Nearby Similar for Sale

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      View Details
    • $169,500
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      Owens Cross Roads Duplex

      Two-bedroom, one-bath duplex in a peaceful setting.
      118/120 Brockway Avenue, Owens Cross Roads, AL 35763
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    • $1,000,000
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      Highway Frontage Auto Shop

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    • $595,000

      Multi-Family Property on Large Lot

      Five-unit multi-family property on 2.4 acres, fully occupied.
      156-A Dudley Lane, Owens Cross Roads, AL 35763
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five fully occupied units on a 2.4-acre lot, featuring updated front porches and HVACs.
    Where is this apartment building located?
    The property is located at 156-A Dudley Lane Owens Cross Roads, AL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 5‑unit multifamily property (2 free‑standing units plus a triplex) built in 2002; 2.4‑acre lot with space for additional buildings; All 5 units fully occupied
    (256) 263-5451
    We can help!
    Listing Contact
    Lindsey Parker
    Lindsey Parker
    Real Estate License ID: 122609
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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