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Phenix City Duplex Investment Opportunity

420 20th Avenue, Phenix City, AL 36867

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Picture of Duplexes at 420 20th Avenue, Phenix City, AL

For Sale

$185,000

MULTI_FAMILY - Phenix City, AL

Property size:

1,648 SF

Lot size:

0.24 Acres

Price / SF:

$112/SF

Listing Contact

Michael Terrell

Real Estate License ID: 129247

HighLights

Well‑maintained duplex built in 1995 with brick construction
Unit A Section 8 rental at $600/month with lease in place through September 2026
Unit B rental at $575/month with lease in place through April 2026
Total current rental income is $1,175/month from both units
HVAC in Unit A replaced in 2024
Public water and public sewer service

For Sale

$185,000

MULTI_FAMILY - Phenix City, AL

Property size:

1,648 SF

Lot size:

0.24 Acres

Price / SF:

$112/SF

Added:: Apr 23, 2026
Days on Market:: 50
Last Refresh:: Jun 11 at 12:06 am

Property Features for 420 20th Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Parking: 2
Standard status: Active
APN: 570505222007003
Size: 1,648 SF
Lot size: 0.24 Acres

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating)
Water source: Public

Building Details

Year built: 1995
Number of units: 2
Building materials: Brick

We can help!

Listing Contact

Michael Terrell

Listing agent Michael Terrell License #129247

Listing office Keller Williams Realty River Cities 6053 VETERANS PKWY STE 200, Columbus, AL

Listing date Apr 23, 2026

MLS# 231352 Listing URL

Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Well‑maintained duplex built in 1995 with brick construction
Unit A Section 8 rental at $600/month with lease in place through September 2026
Unit B rental at $575/month with lease in place through April 2026
Total current rental income is $1,175/month from both units
HVAC in Unit A replaced in 2024
Public water and public sewer service

Overview

This well-maintained duplex in Phenix City, AL, presents an investor opportunity with immediate cash flow and potential for increased returns. The property, situated on a 0.24-acre lot, features a total area of 1,648 square feet. Unit A is currently rented at $600 per month through the Section 8 program, with a lease extending through September 2026. This unit benefits from an HVAC system replaced in 2024. Unit B is rented at $575 per month, with a lease in place through April 2026. The total current rental income is $1,175 per month. Both units are currently rented below market rates, with projected rental rates estimated between $850 and $950 per month per unit, offering a value-add opportunity for investors seeking to increase cash flow. The property can be purchased individually or as part of a larger portfolio, including multiple duplexes and quadplexes, making it suitable for investors looking to scale quickly with income-producing assets.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$21.8k	$13.20
− Vacancy	−$1.6k	−$0.99
EGI	$20.1k	$12.21
− OpEx	−$6.0k	−$3.66
NOI	$14.1k	$8.55

1,648 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$201.2K

$176.1K – $234.8K (±1% cap)

NOI $14,085 @ 7.0% cap · market cap 7.61%

Second Best

Apartment 5plus

$188.3K

$164.7K – $219.6K (±1% cap)

NOI $13,178 @ 7.0% cap · market cap 7.12%

Theoretical Best

Office A

$401.9K

$351.7K – $468.9K (±1% cap)

NOI $28,136 @ 7.0% cap · market cap 15.21%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Phenix City
County: Lee
State: Alabama
Longitude: -85.0208757
Latitude: 32.4543823

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For sale
Duplexes
AL
Phenix City
36867
420 20th Avenue

What type of property is this?

Duplex - Duplex with Section 8 income and rental upside.

Where is this duplex located?

The property is located at 420 20th Avenue Phenix City, AL.

What is the asking price?

The asking price for this property is $185,000.

What are key features of this property?

This property features: Well‑maintained duplex built in 1995 with brick construction; Unit A Section 8 rental at $600/month with lease in place through September 2026; Unit B rental at $575/month with lease in place through April 2026

420 20th Avenue, Phenix City, AL 36867

MULTI_FAMILY - Phenix City, AL

Property Features for 420 20th Avenue

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Downtown Office Building with Parking

Freestanding Office Building with Porch

Move-In-Ready Office Building

Phenix City Commercial Opportunity

Freestanding Medical Office Building

Phenix City Commercial Opportunity

Freestanding Office Building with Porch

Move-In Ready Accounting Office

Phenix City Office Space

Flexible Retail Building with Salon Ready Buildout

Multi-Building Office and Retail Property

Move-in Ready Office Building

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