Duplex with Fenced Back
For Sale
$194,900
2809 19TH Street, Tuscaloosa, AL 35401
MULTI_FAMILY - Tuscaloosa, AL
Property Size1,800 SF
Lot Size0.18 Acres
Price / SF$108.28
Days on Market109
Property Features for 2809 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
CeilingFans
Exterior features
ConcreteDriveway, Fence, Landscaping, PavedDriveway
Fencing
Fenced
Subdivision
T C I & L
Lot features
Wooded
Elementary school
Central
Middle school
Westlawn
High school
Central
Directions
Take 15TH ST to Dinah Washington and turn south. Proceed to 19TH ST and turn left. Duplex two blocks down on right.
Standard status
Active
APN
31-08-27-2-025-004.000
Size
1,800 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
Lot 4 Block 440 T C I & L
Tax Annual Amount
1553
Legal Description
Lot 4 Block 440 T C I & L
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
1997
Flooring type
Vinyl
Building materials
WoodFrame
Roof type
Composition, Shingle
Listing Agency:
MICHAEL JACOBSON REAL EST
(205) 553-7372
Listed By:
Michael Jacobson
(205) 394-0451
Added: Apr 22
Changed: Aug 6
Last Checked: Aug 8 at 8:06PM
MLS# 174790
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.
Investment Insights
Based on property information with market context.
This duplex on a 0.18-acre lot contains 1,800 square feet of total living area. Built in 1997, the property has wood-frame construction and vinyl flooring. Interior features include ceiling fans, and the home is served by electric heating with central heating and central air conditioning.
The exterior includes a concrete driveway and a paved driveway, landscaping, and a fenced area with a nice back yard. There is parking in front of the units. Roof coverage is composition/shingle.
Occupancy is split: one unit is vacant and may be shown anytime, while the other unit is occupied by a tenant that has been there for many years, supporting steady rental use.
The exterior includes a concrete driveway and a paved driveway, landscaping, and a fenced area with a nice back yard. There is parking in front of the units. Roof coverage is composition/shingle.
Occupancy is split: one unit is vacant and may be shown anytime, while the other unit is occupied by a tenant that has been there for many years, supporting steady rental use.
Key Highlights
- 0.18‑acre lot with 1,800 SF total living area
- One unit is vacant and may be shown anytime
- Other unit has a tenant that has been there for many years
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
$16,258
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
8.34%
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%
$325,160
$325.2K
Cap Rate 7%
$232,257
$232.3K
Cap Rate 9%
$180,644
$180.6K
Market Conditions
NOI Build-Up for 1,800 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
$24.8K $13.80/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$23.2K $12.90/SF
− OpEx
−$7.0K −$3.87/SF
NOI
$16.3K $9.03/SF
Area
Tuscaloosa, AL
Vacancy
6.50%
Lease Rate
$13.80 /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%
$325,160
Cap Rate 7%
$232,257
Cap Rate 9%
$180,644
Alternative Uses
Best Use
Multifamily LT 5
$232.3K
$203.2K – $271.0K
NOI $16,258 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$208.5K
$182.5K – $243.3K
NOI $14,598 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
483
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with one vacant unit, fenced yard, and front parking, built in 1997 with central HVAC.
Where is this duplex located?
The property is located at 2809 19TH Street Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: 0.18‑acre lot with 1,800 SF total living area; One unit is vacant and may be shown anytime; Other unit has a tenant that has been there for many years
