Income Duplex with Two
420 20th Avenue Phenix City, AL 36867
For Sale
$170,000
MULTI_FAMILY - Phenix City, AL
Property Size1,648 SF
Lot Size0.24 Acres
Price / SF$103.16
Days on Market19
Property Features for 420 20th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1
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
Listing Agency:
Keller Williams Realty River Cities
(706) 221-6900
Listed By:
Michael Terrell · License #129247
(762) 207-7005
Added: Jul 10
Last Checked: Jul 28 at 11:06PM
MLS# 231352
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex features two rental units with current income from both leases. Unit A is rented through the Section 8 program at $600 per month, with a lease in place through September 2026. Unit A also includes an HVAC system that was replaced in 2024. Unit B is rented at $575 per month with a lease in place through April 2026, for total current rental income of $1,175 per month.
The property is located at 420 20th Avenue in Phenix City, Alabama (Russell County). The listing notes that both units are currently below market rent, with projected rental rates estimated in the $850–$950 per month range per unit.
For sale as an individual investment, the duplex is also described as part of a potential larger portfolio that includes additional duplexes and quadplexes.
The property is located at 420 20th Avenue in Phenix City, Alabama (Russell County). The listing notes that both units are currently below market rent, with projected rental rates estimated in the $850–$950 per month range per unit.
For sale as an individual investment, the duplex is also described as part of a potential larger portfolio that includes additional duplexes and quadplexes.
Key Highlights
- Brick duplex built in 1995 with electric heating, public water, and public sewer
- Unit A rented at $600/mo via Section 8 with lease in place through September 2026
- Unit B rented at $575/mo with lease in place through April 2026
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 | $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
NOI $14,085 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$188.3K
$164.7K – $219.6K
NOI $13,178 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$401.9K
$351.7K – $468.9K
NOI $28,136 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two income-producing units, including a Section 8 lease through September 2026 and another through April 2026.
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 $170,000.
What are key features of this property?
This property features: Brick duplex built in 1995 with electric heating, public water, and public sewer; Unit A rented at $600/mo via Section 8 with lease in place through September 2026; Unit B rented at $575/mo with lease in place through April 2026
