420 20th Avenue Phenix City, AL 36867
MULTI_FAMILY - Phenix City, AL
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 agent Michael Terrell License #129247 (762) 207-7005
Listing office Keller Williams Realty River Cities 6053 VETERANS PKWY STE 200, Columbus, AL (706) 221-6900
Listing date Jul 10, 2026
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.
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
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 | $21.8k | $13.20 |
| − Vacancy | −$1.6k | −$0.99 |
| EGI | $20.1k | $12.21 |
| − OpEx | −$6.0k | −$3.66 |
| NOI | $14.1k | $8.55 |
