Fully Renovated Triplex with 3
1742 17th N Street Birmingham, AL 35204
1742 17th N Street, Birmingham, AL, 35204
$349,900
For Sale
$349,900
Fully renovated triplex with three tenant-occupied units, offering immediate rental income and a mix of unit types.
Property Size2,430 SF
Price / SF$143.99
Days on Market79
Property Features for 1742 17th N Street
General Information
- Standard status
- Active
- Size
- 2,430 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1915
Listing Agency
Town Square Realty
(205) 901-5896
Listed by
Shane Harper
(205) 901-5896
Source
Exitrealty
Added: Apr 29 Checked: Jul 15 at 9:36 pm
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 Town Square Realty
Investment Insights
Based on property information with market context.
This fully renovated triplex is configured as three separate residential units, each currently tenant-occupied. Unit 1 includes 1 bedroom and 1 bathroom plus an additional bonus den. Unit 2 offers 3 bedrooms and 2 bathrooms, providing a larger layout within the property. Unit 3 is a studio, rounding out the tenant mix with a more compact option. The property has modern updates throughout, supporting straightforward, turnkey ownership.
The property is located just minutes from downtown Birmingham and near City Walk and Protective Stadium. With a wide variety of dining and entertainment nearby, the area is positioned for day-to-day convenience for residents.
For investors or buyers looking for an income-producing residential asset, the combination of three unit types and current tenant occupancy can support an easier transition to ownership. The well-maintained, fully renovated condition may also appeal to tenants seeking updated interiors. This is a practical option for someone expanding a rental portfolio or stepping into multifamily ownership with a stabilized, occupied triplex.
The property is located just minutes from downtown Birmingham and near City Walk and Protective Stadium. With a wide variety of dining and entertainment nearby, the area is positioned for day-to-day convenience for residents.
For investors or buyers looking for an income-producing residential asset, the combination of three unit types and current tenant occupancy can support an easier transition to ownership. The well-maintained, fully renovated condition may also appeal to tenants seeking updated interiors. This is a practical option for someone expanding a rental portfolio or stepping into multifamily ownership with a stabilized, occupied triplex.
Key Highlights
- Fully renovated 1915 triplex with three tenant‑occupied units for income from day one
- Unit mix: 1BR/1BA plus bonus den (Unit 1), 3BR/2BA (Unit 2), and studio (Unit 3)
- All three units are tenant‑occupied, providing immediate rental income
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.5k | $12.12 |
| − Vacancy | −$2.7k | −$1.12 |
| EGI | $26.7k | $11.00 |
| − OpEx | −$8.0k | −$3.30 |
| NOI | $18.7k | $7.70 |
2,430 SF · lease $12.12/SF/yr · vacancy 9.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.4K
$234.0K – $312.0K
NOI $18,717 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$250.3K
$219.1K – $292.1K
NOI $17,524 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$570.4K
$499.1K – $665.4K
NOI $39,926 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully renovated triplex with three tenant-occupied units, offering immediate rental income and a mix of unit types.
Where is this triplex located?
The property is located at 1742 17th N Street Birmingham, AL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Fully renovated 1915 triplex with three tenant‑occupied units for income from day one; Unit mix: 1BR/1BA plus bonus den (Unit 1), 3BR/2BA (Unit 2), and studio (Unit 3); All three units are tenant‑occupied, providing immediate rental income
