Stunning Townhome Near
For Sale
$189,900
1702 14TH TERRACE S #B, Birmingham, AL 35205
Low-maintenance townhome with new flooring, close to UAB and Five Points.
Property Size1,152 SF
Price / SF$164.84
Days on Market388
Property Features for 1702 14TH TERRACE S #B
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Townhouse
Amenities
Cooling: Central (COOL)
Heating: Central (HEAT)
Dishwasher Built-In
Building Details
Building Size
1,152 SF
Year Built
1987
Listing Agency:
Keller Williams Realty
Listed By:
Robert Russom · License #97912
(205) 862-6262
Source:
Kw
Added: Aug 13, 2025
Changed: Aug 26
Last Checked: Sep 3 at 4:01AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This townhome features an open floorplan. The downstairs area includes low-maintenance laminate flooring. Upstairs, there are 2 large bedrooms, each equipped with 2 closets and carpet. The AC and heater were replaced in 2022, and the main level flooring is new. The property is located less than 1/2 mile from UAB and Five Points. The property size is 1152 square feet.
Key Highlights
- Prime Location: Less than 1/2 mile from UAB and Five Points.
- No HOA fees.
- New AC & Heater (replaced in 2022).
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
$8,873
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
4.67%
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%
$177,460
$177.5K
Cap Rate 7%
$126,757
$126.8K
Cap Rate 9%
$98,589
$98.6K
Market Conditions
NOI Build-Up for 1,152 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
$14.0K $12.12/SF
− Vacancy
−$1.3K −$1.12/SF
EGI
$12.7K $11.00/SF
− OpEx
−$3.8K −$3.30/SF
NOI
$8.9K $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%
$177,460
Cap Rate 7%
$126,757
Cap Rate 9%
$98,589
Alternative Uses
Best Use
Multifamily LT 5
$126.8K
$110.9K – $147.9K
NOI $8,873 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$118.7K
$103.8K – $138.5K
NOI $8,307 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$270.4K
$236.6K – $315.5K
NOI $18,928 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 35205, AL
20,137
Population
11,908
Households
1.7
Avg Household Size
30
Median Age
56%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
5,442
Density / Sq Mi
$49,194
Median Household Income
$35,230
Median Earnings
$1,005
Median Rent
$292,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Low-maintenance townhome with new flooring, close to UAB and Five Points.
Where is this duplex located?
The property is located at 1702 14TH TERRACE S #B Birmingham, AL.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Prime Location: Less than 1/2 mile from UAB and Five Points.; No HOA fees.; New AC & Heater (replaced in 2022).
