Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    159 Old Montgomery Hwy, Unit C Homewood, AL 35216

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2-bedroom condo with updated HVAC, balcony, and community amenities.

    Property Features for 159 Old Montgomery Hwy

    General Information

    Standard status
    Active
    Exterior features
    Deck, Pool, Dishwasher Built-In, Disposal, Self-Cleaning, Refrigerator, Some Stainless Appl, Stove-Electric
    Interior features
    Fireplace, Cooling: Central (COOL), Electric (COOL), Heating: Central (HEAT), Forced Air

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Stacey Hill
    Source: Kw

    Listing Agent: Stacey Hill

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Top-Floor Condo with Balcony View

    This top-floor condo, located in the Foxcroft Condominium Community, features 2 bedrooms and 2 bathrooms. The 992 square-foot residence has fresh paint and a mix of hardwood, tile, and carpet flooring. A brick fireplace adds a cozy touch, and a private balcony offers serene landscaping views. The kitchen is equipped with tile countertops and stainless steel appliances. Both the primary and secondary bedrooms include walk-in closets and private bathrooms. The HVAC system and water heater were replaced in 2024. Community amenities include a fenced in-ground pool, walking trails, and a barbecue area. Residents benefit from assigned parking and flexible unassigned spots. The Homeowner's Association covers building insurance, water/sewer, trash, grounds maintenance, and pest control. The property is located within walking or short driving distance to Brookwood Medical Center, Samford University, local shopping centers, and top-rated schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Homewood
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7873
    Latitude
    33.4208

    Nearby Similar for Sale

    • Contact for pricing
      0.30 Acres

      Charming Homewood Office Space

      Inviting office space with hardwood floors and convenient location.
      1807 Oxmoor Rd, Homewood, AL 35209
      View Details
    • $2,100,000

      Renovated Multi-Tenant Homewood Investment

      Fully renovated multi-tenant building in prime Homewood location.
      1625 Oxmoor Rd, Homewood, AL 35209
      View Details
    • $3,450,000

      Midtown Office Building Investment Opportunity

      10,824 SF building in thriving Midtown Submarket, ideal for investment.
      3512 Old Montgomery Hwy, Homewood, AL 35209
      View Details
    • Contact for pricing

      Homewood Retail Portfolio For Sale

      Fully leased retail portfolio in downtown Homewood's iconic retail corridor.
      2916 18Th St South, Homewood, AL 35209
      View Details
    • $204,900

      Renovated Townhome in Prime Location

      Fully renovated 2-bedroom townhome in the heart of Homewood.
      1700 Valley Ave, Homewood, AL 35209
      View Details
    • $125,000

      Charming Condo in Foxcroft Community

      2-bedroom condo with pool, convenient to Samford, UAB, Brookwood.
      173 Old Montgomery Hwy, Homewood, AL 35216
      View Details
    • $250,000

      Spacious Condo with Open Layout

      Condo with open floor plan, balcony, and convenient location.
      3441 Sandner Ct, Homewood, AL 35209
      View Details
    • $2,200,000
      0.17 Acres

      Downtown Homewood Retail Opportunity

      Prime Homewood location, high visibility, huge potential.
      2730 18Th St, Homewood, AL 35209
      View Details
    • Contact for pricing

      Updated Condo in Homewood Location

      Two-bedroom condo with updated kitchen, community pool, and convenient location.
      151 Old Montgomery Hwy, Homewood, AL 35216
      View Details
    • Contact for pricing

      Condo Near Samford University and UAB

      Two-bedroom condo near Samford University and UAB with community pool.
      708 Woodland Vlg, Homewood, AL 35216
      View Details
    • Contact for pricing

      Updated Condo in Homewood Community

      Move-in ready 2-bedroom condo near Samford University and downtown Birmingham.
      1928 Shades Cliff Ter, Homewood, AL 35216
      View Details
    • Contact for pricing

      Updated Condo in Homewood

      Freshly updated 2-bedroom condo in a prime Homewood location.
      1922 Shades Cliff Ter, Homewood, AL 35216
      View Details

    FAQs

    What type of property is this?
    Apartment building - 2-bedroom condo with updated HVAC, balcony, and community amenities.
    Where is this apartment building located?
    The property is located at 159 Old Montgomery Hwy, Unit C Homewood, AL.
    What are key features of this property?
    This property features: - Top-floor unit with **private balcony and serene landscaping views**.; - HVAC and Water Heater replaced in 2024.; - Both bedrooms feature **walk-in closets and private baths**.
    (205) 913-0396
    Request Owner's contact information
    159 Old Montgomery Hwy, Unit C Homewood, AL 35216
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    159 Old Montgomery Hwy, Unit C
    Homewood, AL 35216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    159 Old Montgomery Hwy, Unit C Homewood, AL 35216
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stacey Hill
    (205) 913-0396
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!