Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Tuscaloosa Multi-Family Investment Opportunity Title is generated by Realmo AI

    1628 5th Avenue, Tuscaloosa, AL 35401

    View on Map
    Claim this Listing
    New
    For Sale
    $1,670,000

    MULTI_FAMILY - Tuscaloosa, AL

    Property size:
    10,279 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $162/SF
    Added:
    May 21, 2026
    Days on Market:
    2
    Last Refresh:
    May 22 at 7:06 pm

    Property Features for 1628 5th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    18
    Bathrooms
    12
    Rooms
    Bathroom 8, Bedroom 15, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 14, Bedroom 18, Bathroom 7, Bedroom 13, Bedroom 7, Bedroom 5, Bathroom 10, Bedroom 11, Bathroom 5, Bathroom 4, Bedroom 6, Bathroom 11, Bedroom 16, Bedroom 9, Bedroom 8, Bathroom 3, Bathroom 9, Bedroom 17, Bathroom 12, Bathroom 6, Bedroom 4, Bathroom 1, Bedroom 10, Bedroom 3, Bedroom 12
    Parking features
    Driveway
    Interior features
    BreakfastArea
    Fireplace
    1
    Appliances
    ElectricWaterHeater, GasWaterHeater
    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

    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
    Composition, Shingle

    We can help!

    Listing Contact
    Bonnie Trindade

    Listing agent Bonnie Trindade

    Listing office Harwood Real Estate LLC 550 Greensboro Ave Unit 101, Tuscaloosa, AL

    Listing date May 21, 2026

    MLS# 175393 Listing URL

    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.

    HighLights

    • Portfolio of 6 single‑family homes (18 bedrooms total) near The University of Alabama campus.
    • Strong rental demand driven by proximity to the university.
    • Streamlined management due to close proximity of all properties.
    • Proven rental market with consistent cash flow potential.
    • Rare portfolio sale opportunity in this location.
    • Constructed with durable brick and vinyl siding.

    Overview

    This portfolio presents a strong investment opportunity situated minutes from The University of Alabama campus. It comprises six single-family homes, offering a total of 18 bedrooms. The properties are conveniently located near one another, which facilitates streamlined management and enhances rental appeal. These student rentals are positioned in a proven rental market characterized by consistent demand driven by the university. This is an opportunity for investors seeking scale, cash flow, and proximity to campus amenities, dining, and entertainment. Portfolio sales of this size and location are rare. The property is located in Tuscaloosa, Alabama, within the postal code 35401, and resides in Tuscaloosa County. The combined property size is 10279 square feet, situated on a 2-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.541928
    Latitude
    33.196454

    Nearby Similar for Sale

    • $600,000
      4,641 SF

      Tuscaloosa Office Opportunity For Sale

      Versatile 4,600+ SF office space in desirable Palisades office park.
      3093 Palisades Drive, Tuscaloosa, AL 35405
      View Details
    • $859,000
      3,230 SF

      Charming Commercial Office in Tuscaloosa

      Commercial office with parking, character, and rental potential.
      2902 7th Street, Tuscaloosa, AL 35401
      View Details
    • $625,000
      8,000 SF

      Tuscaloosa Mixed-Use Investment Opportunity

      Mixed-use property with warehouse near University of Alabama.
      3325 UNIVERSITY BOULEVARD, TUSCALOOSA, AL 35404
      View Details
    • $1,460,000
      4,801 SF

      Freestanding Commercial Building For Sale

      Versatile commercial space with drive-thru in Tuscaloosa, Alabama.
      8710 Highway 69 South, Tuscaloosa, AL 35405
      View Details
    • $850,000
      11,528 SF

      Tuscaloosa Warehouse with High Visibility

      11,500+ SF warehouse on 1.37 acres in Tuscaloosa.
      4201 Veterans Memorial Parkway, Tuscaloosa, AL 35404
      View Details
    • $284,900
      2,590 SF

      Versatile Property with Income Potential

      Duplex and home with rental income and recent updates.
      4010 16th Street NE, Tuscaloosa, AL 35404
      View Details
    • $2,000,000
      8,284 SF

      Furnished Multi-Family Homes near University

      Four furnished homes near University Blvd, suitable for rentals.
      925 17th Avenue E, Tuscaloosa, AL 35404
      View Details
    • $399,000
      3,465 SF

      Tuscaloosa Multifamily Investment Opportunity

      Seven-unit multifamily property near downtown Tuscaloosa, Alabama.
      407 30th Place, Tuscaloosa, AL 35401
      View Details
    • $250,000
      1,100 SF

      Tuscaloosa Multifamily Investment Opportunity

      Value-add multifamily property near the University of Alabama campus.
      603 18th Street, Tuscaloosa, AL 35401
      View Details
    • $2,150,000
      5,772 SF

      Tuscaloosa Triplex Near Stadium

      12-bedroom triplex near Bryant-Denny Stadium with high rental potential.
      1305 14th Avenue, Tuscaloosa, AL 35401
      View Details
    • $489,900
      1,615 SF

      Retail and Office Space Available

      Retail and office space with original features and modern upgrades.
      2910 7th Street, Tuscaloosa, AL 35401
      View Details
    • $299,900

      Retail Location in Tuscaloosa

      High-traffic shopping center location in fast-growing south Tuscaloosa.
      Southview Lane, Tuscaloosa, AL 35405
      View Details

    FAQs

    What type of property is this?
    Single family property - Portfolio of six single-family homes near University of Alabama.
    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: Portfolio of 6 single‑family homes (18 bedrooms total) near The University of Alabama campus.; Strong rental demand driven by proximity to the university.; Streamlined management due to close proximity of all properties.
    (205) 886-8799
    We can help!
    Listing Contact
    Bonnie Trindade
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1628 5th Avenue, Tuscaloosa, AL 35401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!