1742 17th N Street, Birmingham, AL 35204
Fully renovated triplex with three tenant-occupied units, offering immediate rental income and a mix of unit types.
- Added:
- Apr 29, 2026
- Days on Market:
- 60
- Last Refresh:
- Jun 27 at 3:26 am
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 office Town Square Realty (205) 901-5896
Listing date Apr 29, 2026
Source Exitrealty
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
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
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.825051
- Latitude
- 33.534106
