Duplex Investment
195 Melton Street Montevallo, AL 35115
195 Melton Street, Montevallo, AL, 35115
$139,000
For Sale
$139,000
Duplex for sale offering flexible live-in or rental options near I-65 and the University of Montevallo.
Property Size1,280 SF
Price / SF$108.59
Days on Market84
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 Agency
Keller Williams Metro South
(205) 800-9183
Listed by
Cindy Hilbrich · License #116719
(205) 800-9183
Source
Exitrealty
Added: Apr 25 Checked: Jul 16 at 3:47 am
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
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 |
1,280 SF · lease $12.60/SF/yr · vacancy 10.73% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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
