Remodeled Duplex Near Uptown
For Sale
$245,000
1626 11th N Court, Birmingham, AL 35204
Furnished two-unit property with appliances included and an established short-term rental operation.
Property Size1,716 SF
Price / SF$142.77
Days on Market12
Property Features for 1626 11th N Court
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Battle Realty & Company
(205) 739-4843
Listed By:
Kristen Wheeler · License #111598
(205) 739-4843
Source:
Exitrealty
Added: Aug 20
Changed: Aug 24
Last Checked: Aug 30 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Battle Realty & Company
Investment Insights
Based on property information with market context.
This duplex was remodeled and configured with two bedrooms and two full bathrooms on each side. The property is being operated as an Airbnb and is offered furnished, with the appliances included in the sale. Built in 1910, the two-unit layout provides separate living spaces within one residential structure.
The property is located in Birmingham’s Uptown area near the BJCC, Protective Stadium, and the Coca-Cola Amphitheater. Its setting also places it close to Uptown restaurants and nightlife, as well as venues serving concerts, conventions, and sporting events.
The property is located in Birmingham’s Uptown area near the BJCC, Protective Stadium, and the Coca-Cola Amphitheater. Its setting also places it close to Uptown restaurants and nightlife, as well as venues serving concerts, conventions, and sporting events.
Key Highlights
- Duplex configuration with 2 bedrooms and 2 full bathrooms per side
- Remodeled property currently operating as an Airbnb
- Furniture and appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,218
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$264,360
$264.4K
Cap Rate 7%
$188,829
$188.8K
Cap Rate 9%
$146,867
$146.9K
Market Conditions
NOI Build-Up for 1,716 SF
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.
Gross rent
$20.8K $12.12/SF
− Vacancy
−$1.9K −$1.12/SF
EGI
$18.9K $11.00/SF
− OpEx
−$5.7K −$3.30/SF
NOI
$13.2K $7.70/SF
Area
Birmingham, AL
Vacancy
9.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$264,360
Cap Rate 7%
$188,829
Cap Rate 9%
$146,867
Alternative Uses
Best Use
Multifamily LT 5
$188.8K
$165.2K – $220.3K
NOI $13,218 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$176.8K
$154.7K – $206.3K
NOI $12,375 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$402.8K
$352.4K – $469.9K
NOI $28,195 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 35204, AL
9,271
Population
5,333
Households
1.7
Avg Household Size
43
Median Age
14%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
1,854
Density / Sq Mi
$32,880
Median Household Income
$27,864
Median Earnings
$716
Median Rent
$81,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Furnished two-unit property with appliances included and an established short-term rental operation.
Where is this duplex located?
The property is located at 1626 11th N Court Birmingham, AL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Duplex configuration with 2 bedrooms and 2 full bathrooms per side; Remodeled property currently operating as an Airbnb; Furniture and appliances included
