Rented Duplex Income
2200 13th Avenue Phenix City, AL 36867
For Sale
$170,000
MULTI_FAMILY - Phenix City, AL
Property Size1,485 SF
Lot Size0.23 Acres
Price / SF$114.48
Days on Market20
Property Features for 2200 13th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
Driveway
Appliances
Refrigerator
Standard status
Active
APN
570502101010001
Size
1,485 SF
Lot size
0.23 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Number of units
2
Listing Agency:
Keller Williams Realty River Cities
(706) 221-6900
Listed By:
Michael Terrell · License #129247
(762) 207-7005
Added: Jul 10
Last Checked: Jul 29 at 12:06AM
MLS# 231353
Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex features two income-producing units with leases currently in place. Unit A is rented and has a lease in place through January 2027, and Unit B is rented with a lease in place through November 2026. Total current rental income is $1,410 per month, and the property is noted as having a roof installed in 2022.
The property is located at 2200 13th Avenue in Phenix City, Alabama, within Russell County. It sits on a 0.23-acre lot.
As presented, both units are currently below market rent, creating room for future rent increases as leases renew. The listing is offered for sale and may also be purchased as part of a larger portfolio that includes additional duplexes and quadplexes; contact the agent for full portfolio details.
The property is located at 2200 13th Avenue in Phenix City, Alabama, within Russell County. It sits on a 0.23-acre lot.
As presented, both units are currently below market rent, creating room for future rent increases as leases renew. The listing is offered for sale and may also be purchased as part of a larger portfolio that includes additional duplexes and quadplexes; contact the agent for full portfolio details.
Key Highlights
- Duplex with two units currently rented for a total of $1,410/month
- Unit A rented at $750/month with lease in place through January 2027
- Unit B rented at $660/month with lease in place through November 2026
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 | $19.6k | $13.20 |
| − Vacancy | −$1.5k | −$0.99 |
| EGI | $18.1k | $12.21 |
| − OpEx | −$5.4k | −$3.66 |
| NOI | $12.7k | $8.55 |
1,485 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$181.3K
$158.7K – $211.5K
NOI $12,692 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$169.6K
$148.4K – $197.9K
NOI $11,875 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$362.2K
$316.9K – $422.6K
NOI $25,353 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with separate leased units and a roof installed in 2022 in Phenix City.
Where is this duplex located?
The property is located at 2200 13th Avenue Phenix City, AL.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Duplex with two units currently rented for a total of $1,410/month; Unit A rented at $750/month with lease in place through January 2027; Unit B rented at $660/month with lease in place through November 2026
