Renovated
For Sale
$145,000
208 9TH COURT S, Bessemer, AL 35020
Renovated duplex with one occupied unit and one vacant unit available for touring.
Property Size784 SF
Days on Market83
Property Features for 208 9TH COURT S
General Information
Standard status
Active
Size
784 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$9,000
Amenities
hardwood floors
eat-in kitchen
laundry connections
Cooling: Central Control (COOL)
Heating: Central Control (HEAT)
Pool
Building Details
Building Size
784 SF
Year Built
1954
Listing Agency:
Keller Williams Realty
(205) 243-5566
Listed By:
Christine Hill · License #55909
(205) 243-5566
Source:
Kw
Added: Jun 10
Changed: Aug 30
Last Checked: Aug 30 at 7:02PM
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 Realty
Investment Insights
Based on property information with market context.
This renovated duplex in Bessemer includes two separate residential units, each configured with 2 bedrooms and 1 bathroom. Interior details include hardwood flooring, eat-in kitchens, and laundry connections, with central cooling and heating serving the property. One unit is currently rented, while the other is vacant and available for touring.
Built in 1954, the property is located at 208 9th Court S in Bessemer, Alabama. An exterior pool is also included. The combination of an existing tenant, a vacant unit, and two-bedroom layouts provides a clear overview of the current configuration for investors evaluating the property.
Built in 1954, the property is located at 208 9th Court S in Bessemer, Alabama. An exterior pool is also included. The combination of an existing tenant, a vacant unit, and two-bedroom layouts provides a clear overview of the current configuration for investors evaluating the property.
Key Highlights
- Renovated duplex with two 2‑bedroom, 1‑bath units
- One unit currently rented; the second unit is vacant and available for touring
- Hardwood floors, eat‑in kitchens, and laundry connections in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,754
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$135,080
$135.1K
Cap Rate 7%
$96,486
$96.5K
Cap Rate 9%
$75,044
$75.0K
Market Conditions
NOI Build-Up for 784 SF
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.
Gross rent
$11.0K $14.04/SF
− Vacancy
−$1.4K −$1.73/SF
EGI
$9.6K $12.31/SF
− OpEx
−$2.9K −$3.69/SF
NOI
$6.8K $8.61/SF
Area
Jefferson County, AL
Vacancy
12.35%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$135,080
Cap Rate 7%
$96,486
Cap Rate 9%
$75,044
Alternative Uses
Best Use
Multifamily LT 5
$96.5K
$84.4K – $112.6K
NOI $6,754 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$85.5K
$74.8K – $99.8K
NOI $5,987 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$269.7K
$236.0K – $314.7K
NOI $18,880 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 35020, AL
24,213
Population
12,327
Households
2
Avg Household Size
40
Median Age
10%
College-Educated
82%
High-School Grad
16.6 sq mi
ZIP Area
1,459
Density / Sq Mi
$33,247
Median Household Income
$27,762
Median Earnings
$856
Median Rent
$90,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with one occupied unit and one vacant unit available for touring.
Where is this duplex located?
The property is located at 208 9TH COURT S Bessemer, AL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Renovated duplex with two 2‑bedroom, 1‑bath units; One unit currently rented; the second unit is vacant and available for touring; Hardwood floors, eat‑in kitchens, and laundry connections in each unit
