Two-Unit Duplex with Fenced
For Sale
$194,900
2809 19TH Street, Tuscaloosa, AL 35401
ResidentialIncome, Tuscaloosa, AL
Property Size1,800 SF
Lot Size0.18 Acres
Price / SF$108.28
Days on Market148
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
Shingle, Composition
Listing Agency:
MICHAEL JACOBSON REAL EST
(205) 553-7372
Listed By:
Michael Jacobson
(205) 394-0451
Added: Apr 22
Changed: Sep 7
Last Checked: Sep 16 at 5:06AM
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 1,800-square-foot duplex in Tuscaloosa includes two residential units, with one currently vacant and the other occupied by a tenant who has remained for many years. The property was built in 1997 with wood-frame construction, vinyl flooring, ceiling fans, central air, and electric central heating.
A fenced backyard provides defined outdoor space, while paved and concrete driveway areas offer parking in front of the units. Additional exterior features include landscaping and a composition shingle roof. The property is located in Tuscaloosa, Alabama, within ZIP Code 35401.
A fenced backyard provides defined outdoor space, while paved and concrete driveway areas offer parking in front of the units. Additional exterior features include landscaping and a composition shingle roof. The property is located in Tuscaloosa, Alabama, within ZIP Code 35401.
Key Highlights
- Two‑unit duplex with 1800 square feet of property size
- One unit is vacant and available to show anytime
- Second unit has a tenant who has been in place 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
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
644
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is available to show at any time, while the other has a long-term tenant in place.
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: Two‑unit duplex with 1800 square feet of property size; One unit is vacant and available to show anytime; Second unit has a tenant who has been in place for many years
