Two-Unit
New
For Sale
$74,900
409 Court F, Birmingham, AL 35214
Each residence has its own kitchen, bathroom, and electric meter.
Property Size900 SF
Price / SF$83.22
Days on Market2
Property Features for 409 Court F
General Information
Standard status
Active
Size
900 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Central Pratt
Units
Multifamily Units
2
Individually Metered Utilities
electricity
Building Details
Year Built
1916
Buildings
1
Listing Agency:
Realtysouth Chelsea Branch
Listed By:
Gusty Gulas Group
(205) 542-1996
Source:
Gustygulasgroup
Added: Nov 3
Last Checked: Nov 3 at 2:56PM
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 Realtysouth Chelsea Branch
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Investment Insights
Based on property information with market context.
Built in 1916, this duplex contains two 1-bedroom, 1-bathroom residences, each measuring 900 square feet. Both units have individual kitchens and bathrooms, separate electric meters, and closet storage.
The property is located at 409 Court F in Birmingham’s Central Pratt neighborhood.
The property is located at 409 Court F in Birmingham’s Central Pratt neighborhood.
Key Highlights
- Two 1‑bedroom, 1‑bathroom units, each with 900 square feet
- Separate electric meters for each residence
- Individual kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,490
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,800
$129.8K
Cap Rate 7%
$92,714
$92.7K
Cap Rate 9%
$72,111
$72.1K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$13.1K $14.52/SF
− Vacancy
−$1.3K −$1.41/SF
EGI
$11.8K $13.11/SF
− OpEx
−$5.3K −$5.90/SF
NOI
$6.5K $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%
$129,800
Cap Rate 7%
$92,714
Cap Rate 9%
$72,111
Alternative Uses
Best Use
Multifamily LT 5
$99.0K
$86.7K – $115.5K
NOI $6,932 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$92.7K
$81.1K – $108.2K
NOI $6,490 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$211.2K
$184.8K – $246.5K
NOI $14,787 @ 7.0% cap · market cap 19.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
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Business Placement
Demographics for 35214, AL
18,287
Population
8,048
Households
2.3
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
24.8 sq mi
ZIP Area
737
Density / Sq Mi
$55,478
Median Household Income
$34,146
Median Earnings
$987
Median Rent
$149,600
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 - Each residence has its own kitchen, bathroom, and electric meter.
Where is this duplex located?
The property is located at 409 Court F Birmingham, AL.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom units, each with 900 square feet; Separate electric meters for each residence; Individual kitchens and bathrooms in both units
