Multifamily Rental
For Sale
$1,670,000
1628 5th Avenue, Tuscaloosa, AL 35401
Residential, Tuscaloosa, AL
Property Size10,279 SF
Lot Size2.00 Acres
Price / SF$162.47
Days on Market155
Property Features for 1628 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
18
Bathrooms
12
Full bathrooms
10
Half bathrooms
2
Rooms
Bathroom 4, Bedroom 9, Bedroom 13, Bedroom 4, Bathroom 11, Bedroom 10, Bedroom 1, Bedroom 15, Bathroom 5, Bedroom 5, Bedroom 17, Bathroom 7, Bedroom 18, Bedroom 16, Bedroom 8, Bedroom 2, Bathroom 9, Bedroom 6, Bathroom 1, Bedroom 7, Bathroom 6, Bedroom 12, Bathroom 8, Bathroom 12, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 10, Bedroom 11, Bedroom 14
Parking features
Driveway
Interior features
BreakfastArea
Fireplace
1
Appliances
ElectricWaterHeater, GasWaterHeater
Subdivision
University Place
Elementary school
University Place
Middle school
University Place
High school
Central
Directions
Enter Forest Lake area from 15th St
Standard status
Active
APN
31-07-25-2-007-007.000
Size
10,279 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
Lot E 80' Lt. 9 & 10 In Blk 2 In University Place Subd
Legal Description
Lot E 80' Lt. 9 & 10 In Blk 2 In University Place Subd
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Building materials
Brick, VinylSiding
Roof type
Shingle, Composition
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Bonnie Trindade
(205) 886-8799
Added: May 21
Changed: Oct 22
Last Checked: Oct 22 at 11:06AM
MLS# 175393
Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily portfolio comprises six single-family homes with a combined 10,279 square feet on approximately 2 acres. The properties contain 18 bedrooms and 12 bathrooms, providing a substantial residential income configuration within one ownership package. Construction includes brick and vinyl siding, with central heating and central air, shingle and composition roofing, driveway parking, public water, and fireplaces. Individual interiors include breakfast areas, while water heating is provided by electric and gas systems.
The homes are positioned near one another at 1628 5th Avenue in Tuscaloosa, offering proximity to The University of Alabama campus. The surrounding university-oriented setting is identified as a source of student rental demand, with nearby campus amenities, dining, and entertainment noted in the property information.
The homes are positioned near one another at 1628 5th Avenue in Tuscaloosa, offering proximity to The University of Alabama campus. The surrounding university-oriented setting is identified as a source of student rental demand, with nearby campus amenities, dining, and entertainment noted in the property information.
Key Highlights
- Six single‑family homes offered as one multifamily portfolio
- 18 bedrooms and 12 bathrooms across the portfolio
- Combined building area of 10,279 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,362
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,667,240
$1.7M
Cap Rate 7%
$1,190,886
$1.2M
Cap Rate 9%
$926,244
$926.2K
Market Conditions
NOI Build-Up for 10,279 SF
Gross rent
$161.6K $15.72/SF
− Vacancy
−$10.0K −$0.97/SF
EGI
$151.6K $14.75/SF
− OpEx
−$68.2K −$6.64/SF
NOI
$83.4K $8.11/SF
Area
Tuscaloosa, AL
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,667,240
Cap Rate 7%
$1,190,886
Cap Rate 9%
$926,244
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,362 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,909 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
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Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Six single-family residences near The University of Alabama campus with centralized ownership and established housing functionality.
Where is this single family property located?
The property is located at 1628 5th Avenue Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,670,000.
What are key features of this property?
This property features: Six single‑family homes offered as one multifamily portfolio; 18 bedrooms and 12 bathrooms across the portfolio; Combined building area of 10,279 square feet
