8-Unit Apartment
New
For Sale
$1,675,000
2019 Hackberry Lane, Tuscaloosa, AL 35401
ResidentialIncome, Tuscaloosa, AL
Property Size9,560 SF
Lot Size0.78 Acres
Price / SF$175.21
Days on Market2
Property Features for 2019 Hackberry Lane
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Interior features
CeilingFans, WalkInClosets
Exterior features
Balcony, Fence, Lighting
Fencing
Fenced
Elementary school
University Place
Middle school
University Place
High school
Central
Directions
Head East on 15th Street, turn right on Hackberry Lane, turn left onto 21st Street, turn left, destination will be on your right.
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
31-07-25-2-023-009.000
Size
9,560 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Description
Beg N.W. Cor Lot 34 Blk 2 Wood Manor Sub Pb 10/23 Th W. 258 (S)', Th S. 120' (S) Alg. E. Line Hackberry Lane, Th Curve L. 40' (S), Th E. 210' (S) Alg. N. Line 21st St., Th N. 162 (S)' To Pob. Less & Except R/W
Tax Annual Amount
9387
Legal Description
Beg N.W. Cor Lot 34 Blk 2 Wood Manor Sub Pb 10/23 Th W. 258 (S)', Th S. 120' (S) Alg. E. Line Hackberry Lane, Th Curve L. 40' (S), Th E. 210' (S) Alg. N. Line 21st St., Th N. 162 (S)' To Pob. Less & Except R/W
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
granite countertops
stainless steel appliances
crown molding
step-up ceilings
Building Details
Year built
1970
Flooring type
Vinyl, Tile, Concrete
Roof type
Metal, Composition, Shingle
Listing Agency:
Keller Williams Tuscaloosa · Keller Williams Realty
(205) 759-3400
Listed By:
John Randall
(205) 393-1166
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 10:06PM
MLS# 178094
Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 8-unit apartment property contains 9,560 square feet on a 0.78-acre parcel. The unit mix includes seven two-bedroom, two-bath apartments and one three-bedroom, two-bath apartment. Interior details include granite countertops, stainless steel appliances, crown molding and step-up bedroom ceilings. Sprinkler systems serve the units.
Located at 2019 Hackberry Lane in Tuscaloosa, the property is near The University of Alabama. The building was constructed in 1970 and has central heating and air conditioning. Additional features include balconies, a fenced exterior, walk-in closets and ceiling fans.
Located at 2019 Hackberry Lane in Tuscaloosa, the property is near The University of Alabama. The building was constructed in 1970 and has central heating and air conditioning. Additional features include balconies, a fenced exterior, walk-in closets and ceiling fans.
Key Highlights
- 8 apartments: seven 2‑bedroom, 2‑bath units and one 3‑bedroom, 2‑bath unit
- 9,560 square feet on 0.78 acres
- Granite countertops, stainless steel appliances and crown molding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,531
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,550,620
$1.6M
Cap Rate 7%
$1,107,586
$1.1M
Cap Rate 9%
$861,456
$861.5K
Market Conditions
NOI Build-Up for 9,560 SF
Gross rent
$150.3K $15.72/SF
− Vacancy
−$9.3K −$0.97/SF
EGI
$141.0K $14.75/SF
− OpEx
−$63.4K −$6.64/SF
NOI
$77.5K $8.11/SF
Area
Tuscaloosa, AL
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,550,620
Cap Rate 7%
$1,107,586
Cap Rate 9%
$861,456
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$969.1K – $1.29M
NOI $77,531 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,814 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
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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?
Apartment building - A varied apartment mix combines upgraded interior finishes with sprinkler systems in each unit.
Where is this apartment building located?
The property is located at 2019 Hackberry Lane Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 8 apartments: seven 2‑bedroom, 2‑bath units and one 3‑bedroom, 2‑bath unit; 9,560 square feet on 0.78 acres; Granite countertops, stainless steel appliances and crown molding
