Turnkey Duplex in Center
For Sale
$200,000
1713 6th Place Cir Nw, Center Point, AL 35215
Cash-flowing duplex in Center Point, leased through August 2026.
Property Size1,350 SF
Price / SF$148.15
Days on Market160
Property Features for 1713 6th Place Cir Nw
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Residential Income
Listing Agency:
Exp Realty, LLC Central
(205) 790-0944
Listed By:
Tim Lantz
(205) 790-0944
Source:
Exprealty
Added: Mar 17
Changed: Aug 23
Last Checked: Aug 15 at 5:59AM
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 Exp Realty, LLC Central
Investment Insights
Based on property information with market context.
This well-maintained duplex, located in Center Point, presents an investor opportunity with strong cash flow. Both units are leased through August 31, 2026, providing immediate and stable income. Unit 1711 rents for $960 per month, and unit 1713 rents for $1,165 per month. Each unit features 3 bedrooms and 1.5 baths, a large living area, and an ample kitchen with a dedicated laundry room. Each unit also includes its own unfinished basement and attached garage, providing valuable storage space and added tenant appeal. The property size is 1350 square feet. This property is professionally managed and offers dependable returns.
Key Highlights
- Turnkey duplex providing immediate and stable cash flow.
- Both units are leased through August 31, 2026.
- Professionally managed property.
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
$11,629
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
5.81%
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%
$232,580
$232.6K
Cap Rate 7%
$166,129
$166.1K
Cap Rate 9%
$129,211
$129.2K
Market Conditions
NOI Build-Up for 1,350 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
$19.0K $14.04/SF
− Vacancy
−$2.3K −$1.73/SF
EGI
$16.6K $12.31/SF
− OpEx
−$5.0K −$3.69/SF
NOI
$11.6K $8.61/SF
Area
Jefferson County, AL
Vacancy
12.35%
Lease Rate
$14.04 /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%
$232,580
Cap Rate 7%
$166,129
Cap Rate 9%
$129,211
Alternative Uses
Best Use
Multifamily LT 5
$166.1K
$145.4K – $193.8K
NOI $11,629 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$147.3K
$128.9K – $171.8K
NOI $10,310 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$464.4K
$406.4K – $541.8K
NOI $32,510 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 35215, AL
46,772
Population
19,718
Households
2.4
Avg Household Size
34
Median Age
18%
College-Educated
88%
High-School Grad
28.3 sq mi
ZIP Area
1,653
Density / Sq Mi
$51,854
Median Household Income
$32,323
Median Earnings
$1,080
Median Rent
$146,900
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 - Cash-flowing duplex in Center Point, leased through August 2026.
Where is this duplex located?
The property is located at 1713 6th Place Cir Nw Center Point, AL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Turnkey duplex providing immediate and stable cash flow.; Both units are leased through August 31, 2026.; Professionally managed property.
