Duplex Investment
For Sale
$139,000
Pending
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 Size1,280 SF
Days on Market155
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Property Features for 195 Melton Street
General Information
Standard status
Pending
Size
1,280 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1956
Listing Agency:
Keller Williams Metro South
(205) 605-1000
Listed By:
Cindy Hilbrich · License #116719
(205) 800-9183
Source:
Exitrealty
Added: May 14
Changed: Oct 4
Last Checked: Oct 4 at 8:03AM
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 Metro South
Investment Insights
Based on property information with market context.
This duplex offers a two-unit setup with options to live in one side while renting the other, or rent both sides. The property is positioned for residential income use.
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,078
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,560
$201.6K
Cap Rate 7%
$143,971
$144.0K
Cap Rate 9%
$111,978
$112.0K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$16.1K $12.60/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$14.4K $11.25/SF
− OpEx
−$4.3K −$3.37/SF
NOI
$10.1K $7.87/SF
Area
Shelby County, AL
Vacancy
10.73%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,560
Cap Rate 7%
$143,971
Cap Rate 9%
$111,978
Alternative Uses
Best Use
Multifamily LT 5
$144.0K
$126.0K – $168.0K
NOI $10,078 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$127.4K
$111.5K – $148.6K
NOI $8,917 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$300.4K
$262.9K – $350.5K
NOI $21,031 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 35115, AL
15,260
Population
6,388
Households
2.4
Avg Household Size
34
Median Age
22%
College-Educated
82%
High-School Grad
123.4 sq mi
ZIP Area
124
Density / Sq Mi
$54,157
Median Household Income
$32,000
Median Earnings
$807
Median Rent
$165,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale offering flexible live-in or rental options near I-65 and the University of Montevallo.
Where is this duplex located?
The property is located at 195 Melton Street Montevallo, AL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 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
