Condo Near UAB and
For Sale
$139,000
401 20TH STREET S #119, Birmingham, AL 35233
Condo with modern features, convenient location, and easy access.
Property Size601 SF
Price / SF$231.28
Days on Market497
Property Features for 401 20TH STREET S #119
General Information
Standard status
Active
Size
601 SF
Property subtype
Condominium
Amenities
Cooling: Central (COOL)
Heating: Central (HEAT)
Pool, Dishwasher Built-In, Oven-Electric, Refrigerator, Some Stainless Appl, Stove-Electric
Building Details
Building Size
601 SF
Year Built
2008
Listing Agency:
Keller Williams Homewood
Listed By:
Brian Kelleher · License #97090
(205) 531-2747
Source:
Kw
Added: Jun 7, 2025
Changed: Aug 14
Last Checked: May 19 at 9:14PM
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 Homewood
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Investment Insights
Based on property information with market context.
Bristol Southside is suitable for Birmingham professionals and UAB students. The condo features concrete flooring, granite countertops, and stainless steel appliances. It is located near a pool, restaurants, grocery stores, transportation options, UAB, and Downtown, all within walking distance. This main floor condo offers easy access from its assigned parking space in the parking deck, with no stairs between the two. The property size is 601 square feet.
Key Highlights
- Prime Location: Walking distance to restaurants, grocery stores, transportation, UAB, and Downtown.
- Easy Access: Main floor condo with assigned parking in the deck and no stairs.
- Modern Features: Enjoy concrete flooring, granite countertops, and stainless steel appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,334
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$86,680
$86.7K
Cap Rate 7%
$61,914
$61.9K
Cap Rate 9%
$48,156
$48.2K
Market Conditions
NOI Build-Up for 601 SF
Gross rent
$8.7K $14.52/SF
− Vacancy
−$846 −$1.41/SF
EGI
$7.9K $13.11/SF
− OpEx
−$3.5K −$5.90/SF
NOI
$4.3K $7.21/SF
Area
Birmingham, AL
Vacancy
9.70%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$86,680
Cap Rate 7%
$61,914
Cap Rate 9%
$48,156
Alternative Uses
Best Use
Apartment 5plus
$61.9K
$54.2K – $72.2K
NOI $4,334 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$141.1K
$123.4K – $164.6K
NOI $9,875 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
Explore this area
Business Placement
Demographics for 35233, AL
2,588
Population
2,710
Households
1
Avg Household Size
27
Median Age
90%
College-Educated
99%
High-School Grad
1.5 sq mi
ZIP Area
1,725
Density / Sq Mi
$52,207
Median Household Income
$48,750
Median Earnings
$1,526
Median Rent
$332,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Condo with modern features, convenient location, and easy access.
Where is this apartment building located?
The property is located at 401 20TH STREET S #119 Birmingham, AL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Prime Location: Walking distance to restaurants, grocery stores, transportation, UAB, and Downtown.; Easy Access: Main floor condo with assigned parking in the deck and no stairs.; Modern Features: Enjoy concrete flooring, granite countertops, and stainless steel appliances.
