Single-Story Two-Unit
For Sale
$150,000
3440-3442 Wilmington Road, Montgomery, AL 36105
ResidentialIncome, Montgomery, AL
Property Size1,568 SF
Price / SF$95.66
Days on Market94
Property Features for 3440-3442 Wilmington Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Interior features
EatInKitchen
Appliances
GasWaterHeater
Subdivision
South Hull District
Lot features
City Lot
Middle school
,
Directions
From Norman Bridge RD turn onto E Edgemont Ave. turn left onto Wilmington RD. and property is on the right.
Standard status
Active
APN
10-09-30-2-002-046.000
Taxes and HOA fees
Tax Description
CLOVERDALE EST LOT 6 BLK 7 PLAT BK 8 PG 94
Legal Description
CLOVERDALE EST LOT 6 BLK 7 PLAT BK 8 PG 94
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Laminate, Carpet, Tile, Plank, Wood, Vinyl
Building materials
Brick, WoodSiding
Architectural style
Other
Listing Agency:
Red Tails Realty Group
Listed By:
A J Hayles · License #0112436
(334) 318-7309
Added: Jul 25
Changed: Oct 22
Last Checked: Oct 26 at 7:06AM
MLS# 588935
Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This single-story duplex contains two residential units totaling approximately 1,568 square feet. Each residence provides two bedrooms, one bathroom, an eat-in kitchen, and a dedicated living area. The property was built in 1950 and combines brick and wood siding with central heating and cooling, natural gas service, a gas water heater, and public water and sewer. Separate utility metering supports individual unit operations.
The property is located near Maxwell Air Force Base, Baptist Medical Center South, Alabama State University, Auburn University at Montgomery, state government offices, and Hyundai Motor Manufacturing Alabama. Access to I-65, Southern Boulevard, and Norman Bridge Road connects the property with surrounding employment and institutional destinations. The duplex may be purchased individually or included in a 4-property, 7-door portfolio.
The property is located near Maxwell Air Force Base, Baptist Medical Center South, Alabama State University, Auburn University at Montgomery, state government offices, and Hyundai Motor Manufacturing Alabama. Access to I-65, Southern Boulevard, and Norman Bridge Road connects the property with surrounding employment and institutional destinations. The duplex may be purchased individually or included in a 4-property, 7-door portfolio.
Key Highlights
- Two‑unit duplex totaling approximately 1,568 square feet
- Each unit includes 2 bedrooms, 1 bathroom, an eat‑in kitchen, and living area
- Fully leased with separate utility metering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,552
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,040
$271.0K
Cap Rate 7%
$193,600
$193.6K
Cap Rate 9%
$150,578
$150.6K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$20.7K $13.20/SF
− Vacancy
−$1.3K −$0.85/SF
EGI
$19.4K $12.35/SF
− OpEx
−$5.8K −$3.70/SF
NOI
$13.6K $8.64/SF
Area
Montgomery, AL
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,040
Cap Rate 7%
$193,600
Cap Rate 9%
$150,578
Alternative Uses
Best Use
Multifamily LT 5
$193.6K
$169.4K – $225.9K
NOI $13,552 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$179.1K
$156.7K – $209.0K
NOI $12,539 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$325.1K
$284.5K – $379.3K
NOI $22,760 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
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Business Placement
Demographics for 36105, AL
9,961
Population
5,468
Households
1.8
Avg Household Size
44
Median Age
19%
College-Educated
77%
High-School Grad
68.8 sq mi
ZIP Area
145
Density / Sq Mi
$44,438
Median Household Income
$33,340
Median Earnings
$965
Median Rent
$79,600
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 - Fully leased duplex with separately metered units and matching two-bedroom floor plans.
Where is this duplex located?
The property is located at 3440-3442 Wilmington Road Montgomery, AL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex totaling approximately 1,568 square feet; Each unit includes 2 bedrooms, 1 bathroom, an eat‑in kitchen, and living area; Fully leased with separate utility metering
