Tuscaloosa Multifamily Investment
2925 Hargrove Road E Tuscaloosa, AL 35405
For Sale
$1,200,000
MULTI_FAMILY - Tuscaloosa, AL
Property Size9,936 SF
Lot Size0.44 Acres
Price / SF$120.77
Days on Market303
Property Features for 2925 Hargrove Road E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Interior features
- CeilingFans, WalkInClosets, WindowTreatments
- Exterior features
- Balcony, PavedDriveway
- Standard status
- Active
- APN
- 30-09-32-4-001-033.000
- Size
- 9,936 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Description
- Lot 1R Hargrove Place Condominiums Resurvey
- Tax Annual Amount
- 9959
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
Building Details
- Year built
- 2008
- Flooring type
- Carpet, Tile
- Building materials
- Block, Masonry
- Roof type
- Shingle, Composition
Listing Agency:
Realty One Group Legends
(205) 310-6763
Listed By:
Lee Kupfer
(205) 381-1100
Added: Sep 25, 2025
Changed: Jul 16
Last Checked: Jul 24 at 2:06AM
MLS# 171161
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 multifamily property, situated in Tuscaloosa, Alabama, offers an investment opportunity with its 9,936 square feet of residential space on a 0.44-acre lot. The property is located at 2925 Hargrove Road E, in the 35405 postal code area of Tuscaloosa County. This property is suitable for residential income purposes.
Key Highlights
- Built in 2008 with block and masonry construction
- Central air conditioning plus central electric heating
- Interior includes ceiling fans, walk‑in closets, and window treatments
Financial Insights For Apartment 5plus
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 | $156.2k | $15.72 |
| − Vacancy | −$9.7k | −$0.97 |
| EGI | $146.5k | $14.75 |
| − OpEx | −$65.9k | −$6.64 |
| NOI | $80.6k | $8.11 |
9,936 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,580 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,139 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multifamily property in Tuscaloosa, Alabama, ideal for residential income.
Where is this apartment building located?
The property is located at 2925 Hargrove Road E Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Built in 2008 with block and masonry construction; Central air conditioning plus central electric heating; Interior includes ceiling fans, walk‑in closets, and window treatments
