Duplex with Income
3517-3519 Avenue C Birmingham, AL 35218
3517-3519 Avenue C, Birmingham, AL, 35218
$117,500
For Sale
$117,500
Occupied duplex generating $1,525/month in combined rent.
Property Size812 SF
Price / SF$144.70
Days on Market175
Property Features for 3517-3519 Avenue C
General Information
- Standard status
- Active
- Size
- 812 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing Agency
Keller Williams Realty Hoover
(205) 807-1499
Listed by
Mason Sanders · License #133390
(205) 807-1499
Source
Exitrealty
Added: Jan 22 Checked: Jul 15 at 9:36 pm
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 Keller Williams Realty Hoover
Investment Insights
Based on property information with market context.
This occupied duplex generates a combined rent of $1,525 per month. Unit 1 is leased at $875 per month through September 2026, and Unit 2 is leased at $650 per month through January 31, 2027. The property is positioned to support immediate cash flow, equity growth, and future value-add improvements to maximize rents. Features include alley access with parking and a metal roof approximately 10 years old. Window units provide heating and cooling. The property has an efficient layout and low-overhead systems, making it a solid long-term investment. The property size is 812 square feet.
Key Highlights
- Immediate cash flow from $1,525/month combined rent.
- Long‑term leases in place (Unit 1 until 09/2026, Unit 2 until 01/31/2027).
- Priced for immediate cash flow, equity growth, and future value‑add potential.
Local Financial Insights For Multifamily LT 5
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 | $9.8k | $12.12 |
| − Vacancy | −$906 | −$1.12 |
| EGI | $8.9k | $11.00 |
| − OpEx | −$2.7k | −$3.30 |
| NOI | $6.3k | $7.70 |
812 SF · lease $12.12/SF/yr · vacancy 9.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$89.4K
$78.2K – $104.3K
NOI $6,255 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$83.7K
$73.2K – $97.6K
NOI $5,856 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$190.6K
$166.8K – $222.4K
NOI $13,341 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Occupied duplex generating $1,525/month in combined rent.
Where is this duplex located?
The property is located at 3517-3519 Avenue C Birmingham, AL.
What is the asking price?
The asking price for this property is $117,500.
What are key features of this property?
This property features: Immediate cash flow from $1,525/month combined rent.; Long‑term leases in place (Unit 1 until 09/2026, Unit 2 until 01/31/2027).; Priced for immediate cash flow, equity growth, and future value‑add potential.
