27 1st NE Street, Graysville, AL 35073
Two leased 2-bedroom, 1-bath units with updated interior finishes and defined lease end dates.
- Added:
- May 27, 2026
- Days on Market:
- 31
- Last Refresh:
- Jun 26 at 2:01 am
Property Features for 27 1st NE Street
General Information
- Standard status
- Active
- Size
- 1,383 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1950
Listing office Spartan Realty LLC (205) 292-7218
Listing date May 27, 2026
Source Exitrealty
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 Spartan Realty LLC
HighLights
- Duplex built in 1950 with 2 units, each offering 2 bedrooms and 1 bathroom
- Unit A leased at $780/month through 1/31/2027
- Unit B leased at $725/month through 3/31/2027
- Updated interiors in both units include granite countertops, fresh paint, and luxury flooring
- Both units offer ample counter space for day‑to‑day kitchen use
Overview
The property is located in Graysville, AL, at 27 1st Street NE. With both units currently occupied, the duplex presents an opportunity to purchase a ready-to-rent setup rather than starting from vacant space.
For buyers and investors, the tenancy is already established. Unit A is leased for $780 per month with a lease end date of 1/31/2027, and Unit B is leased for $725 per month with a lease end date of 3/31/2027. This structure can suit an owner who wants rental income while retaining the option to plan around the different lease expiration dates.
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 | $19.4k | $14.04 |
| − Vacancy | −$2.4k | −$1.73 |
| EGI | $17.0k | $12.31 |
| − OpEx | −$5.1k | −$3.69 |
| NOI | $11.9k | $8.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Graysville
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.97144
- Latitude
- 33.629883
