195 Melton Street Montevallo, AL 35115
Duplex for sale offering flexible live-in or rental options near I-65 and the University of Montevallo.
Property Features for 195 Melton Street
General Information
- Standard status
- Active
- Size
- 1,280 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1956
Listing office Keller Williams Metro South (205) 800-9183
Listing date Apr 25, 2026
Source Exitrealty
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Investment Insights
Based on property information with market context.
The address is 195 Melton Street in Montevallo, AL, with public remarks indicating it is not far from I-65 and only a few minutes from the University of Montevallo. The property is also described as being down the street from restaurants and shopping.
If you are looking for a straightforward duplex configuration in Montevallo, this offering provides a simple structure for owner-occupants or investors interested in generating rental income from a two-side layout.
Key Highlights
- Duplex built in 1956 offering flexible live‑in or rental options
- Can be used as a live‑in on one side and rent the other side
- Option to rent both sides of the duplex
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 | $16.1k | $12.60 |
| − Vacancy | −$1.7k | −$1.35 |
| EGI | $14.4k | $11.25 |
| − OpEx | −$4.3k | −$3.37 |
| NOI | $10.1k | $7.87 |
