Duplex with Adjacent
For Sale
$219,900
3105 HOOD Street, Tuscaloosa, AL 35404
Two occupied apartments provide a three-bedroom, two-bath layout and a separate two-bedroom, one-bath unit.
Property Size1,696 SF
Price / SF$129.66
Days on Market222
Property Features for 3105 HOOD Street
General Information
Standard status
Active
Size
1,696 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,696 SF
Year Built
1940
Listing Agency:
ARC Realty Inverness
Listed By:
Jason Patton · License #116405
(205) 394-4898
Source:
Rightspacecre
Added: Mar 27
Changed: Oct 31
Last Checked: Nov 3 at 8:49AM
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 ARC Realty Inverness
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Investment Insights
Based on property information with market context.
This 1,696-square-foot duplex in Tuscaloosa dates to 1940 and contains two occupied units. One apartment has three bedrooms and two bathrooms; the other has two bedrooms and one bathroom. The sale also includes the adjacent lot.
Key Highlights
- Two occupied rental units
- Unit mix includes a 3‑bedroom, 2‑bath apartment and a 2‑bedroom, 1‑bath apartment
- 1,696 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,318
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,360
$306.4K
Cap Rate 7%
$218,829
$218.8K
Cap Rate 9%
$170,200
$170.2K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$23.4K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.9K $12.90/SF
− OpEx
−$6.6K −$3.87/SF
NOI
$15.3K $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 Rate 5%
$306,360
Cap Rate 7%
$218,829
Cap Rate 9%
$170,200
Alternative Uses
Best Use
Multifamily LT 5
$218.8K
$191.5K – $255.3K
NOI $15,318 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$196.5K
$171.9K – $229.2K
NOI $13,754 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$407.6K
$356.6K – $475.5K
NOI $28,529 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
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Business Placement
Demographics for 35404, AL
20,982
Population
11,427
Households
1.8
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
16.6 sq mi
ZIP Area
1,264
Density / Sq Mi
$45,521
Median Household Income
$25,035
Median Earnings
$986
Median Rent
$175,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied apartments provide a three-bedroom, two-bath layout and a separate two-bedroom, one-bath unit.
Where is this duplex located?
The property is located at 3105 HOOD Street Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two occupied rental units; Unit mix includes a 3‑bedroom, 2‑bath apartment and a 2‑bedroom, 1‑bath apartment; 1,696 square feet
