5-Unit Multifamily
For Sale
$585,000
156-A Dudley Lane, Owens Cross Roads, AL 35763
Residential Income, Owens Cross Roads, AL
Property Size3,588 SF
Lot Size2.40 Acres
Price / SF$163.04
Days on Market8
Property Features for 156-A Dudley Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
10
Parking features
Driveway, Off Street, Parking Lot
Patio and Porch features
Deck
Appliances
Oven, Refrigerator, Dishwasher, Washer, Dryer, W/D Hookup, Electric Water Heater
Subdivision
Metes And Bounds
Elementary school
Owens Cross Roads
Middle school
New Hope (K-12)
High school
New Hope
Directions
431 S, Turn East On Hamer Rd, Turn North Onto Dudley Ln. Turn West Onto First Access Road, Units Are At Back Of Property.
Standard status
Active
Size
3,588 SF
Lot size
2.40 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Varies by Unit (Heating)
Cooling system
Central Air
Water source
Public
Water front features
Pond
Amenities
laundry room
in-unit washer/dryer
Building Details
Year built
2002
Floors in Building
1
Number of units
5
Listing Agency:
Endeavour Realty
(256) 384-4808
Listed By:
Lindsey Parker · License #122609
(256) 263-5451
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 8 at 9:06AM
MLS# 21905930
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.
Investment Insights
Based on property information with market context.
The 3,588-square-foot property contains five residences on 2.4 acres: two freestanding two-bedroom, one-bath units and a triplex with one one-bedroom, one-bath unit and two two-bedroom, one-bath units. Laundry is available in a dedicated room serving the detached homes, while each triplex unit has a washer-dryer combination. The property also includes five new front porches and four new HVAC units. Two utility meters serve the residences, and tenants are responsible for utilities.
All five units are occupied. The property is in Owens Cross Roads, Alabama, and includes a pond, public water and public sewer.
All five units are occupied. The property is in Owens Cross Roads, Alabama, and includes a pond, public water and public sewer.
Key Highlights
- Five occupied residences across a 3,588‑square‑foot property
- 2.4‑acre site
- Unit mix: two detached 2‑bedroom, 1‑bath homes and a triplex with one 1‑bedroom, 1‑bath unit and two 2‑bedroom, 1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,664
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,280
$453.3K
Cap Rate 7%
$323,771
$323.8K
Cap Rate 9%
$251,822
$251.8K
Market Conditions
NOI Build-Up for 3,588 SF
Gross rent
$50.4K $14.04/SF
− Vacancy
−$9.2K −$2.56/SF
EGI
$41.2K $11.48/SF
− OpEx
−$18.5K −$5.17/SF
NOI
$22.7K $6.32/SF
Area
Madison County, AL
Vacancy
18.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,280
Cap Rate 7%
$323,771
Cap Rate 9%
$251,822
Alternative Uses
Best Use
Apartment 5plus
$323.8K
$283.3K – $377.7K
NOI $22,664 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$934.3K
$817.5K – $1.09M
NOI $65,402 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 35763, AL
21,889
Population
7,281
Households
3
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
40.8 sq mi
ZIP Area
536
Density / Sq Mi
$125,356
Median Household Income
$66,305
Median Earnings
$2,455
Median Rent
$368,300
Median Home Value
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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?
Multifamily property - The unit mix combines two detached residences with a triplex, with laundry provided for all five homes.
Where is this multifamily property 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 $585,000.
What are key features of this property?
This property features: Five occupied residences across a 3,588‑square‑foot property; 2.4‑acre site; Unit mix: two detached 2‑bedroom, 1‑bath homes and a triplex with one 1‑bedroom, 1‑bath unit and two 2‑bedroom, 1‑bath units
