Two-Unit Duplex
For Sale
$239,000
167 Co Rd 620, Hanceville, AL 35077
MultiFamily, Hanceville, AL
Property Size1,550 SF
Lot Size0.75 Acres
Price / SF$154.19
Days on Market52
Property Features for 167 Co Rd 620
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Assigned
Patio and Porch features
Porch
Elementary school
Hanceville
Middle school
Hanceville
High school
Hanceville
Directions
Hwy 31 South towards Hanceville. Turn left onto Hopewell Drive, TR onto Co Rd 599 , TL onto Hopewell Rd, TL onto Co Rd 617 and then right onto Co Rd 620. Property is on the left.
Subdivision
Cullman
Standard status
Active
APN
43930
Size
1,550 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
New Legal Description
Tax Annual Amount
750
Legal Description
New Legal Description
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
2024
Number of units
2
Flooring type
Laminate
Building materials
Vinyl Siding
Listing Agency:
LEGACY REALTY GROUP LLC
Listed By:
Kelly A Keel · License #64881
(256) 841-5657
Added: Sep 9
Last Checked: Oct 30 at 2:06AM
MLS# 531159
Copyright © 2026 Strategic MLS Alliance, INC. 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 2024 duplex contains two one-bedroom units with a combined property size of 1,550 square feet. Both residences are currently rented, providing an existing income-producing configuration for an owner seeking a smaller multifamily asset. Construction includes vinyl siding, laminate flooring, electric heating, wall unit cooling, and porch space.
The property encompasses 0.75 acres at 167 Co Rd 620 in Hanceville, Alabama, within Cullman County. Assigned parking serves the units, while water is available and the property uses a septic tank for sewer service. The duplex format, recent construction, and existing tenancy create a straightforward residential income property profile.
The property encompasses 0.75 acres at 167 Co Rd 620 in Hanceville, Alabama, within Cullman County. Assigned parking serves the units, while water is available and the property uses a septic tank for sewer service. The duplex format, recent construction, and existing tenancy create a straightforward residential income property profile.
Key Highlights
- Two 1‑bedroom units, both currently rented
- 1,550 square feet of property size
- 0.75‑acre parcel in Hanceville, AL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,130
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,600
$182.6K
Cap Rate 7%
$130,429
$130.4K
Cap Rate 9%
$101,444
$101.4K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$14.0K $9.00/SF
− Vacancy
−$907 −$0.59/SF
EGI
$13.0K $8.42/SF
− OpEx
−$3.9K −$2.52/SF
NOI
$9.1K $5.89/SF
Area
Cullman County, AL
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,600
Cap Rate 7%
$130,429
Cap Rate 9%
$101,444
Alternative Uses
Best Use
Multifamily LT 5
$130.4K
$114.1K – $152.2K
NOI $9,130 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$119.6K
$104.7K – $139.5K
NOI $8,372 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$228.5K
$200.0K – $266.6K
NOI $15,996 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 35077, AL
13,813
Population
6,045
Households
2.3
Avg Household Size
42
Median Age
14%
College-Educated
79%
High-School Grad
150.2 sq mi
ZIP Area
92
Density / Sq Mi
$47,720
Median Household Income
$29,221
Median Earnings
$822
Median Rent
$157,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both one-bedroom residences are leased and include assigned parking.
Where is this duplex located?
The property is located at 167 Co Rd 620 Hanceville, AL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two 1‑bedroom units, both currently rented; 1,550 square feet of property size; 0.75‑acre parcel in Hanceville, AL
