Tenant-Occupied Duplex
439 29th Place Tuscaloosa, AL 35401
For Sale
$199,900
Pending
Well-maintained duplex with two tenant-occupied 2-bedroom, 1.5-bath units, leased through 2027.
Property Size1,800 SF
Days on Market36
Property Features for 439 29th Place
General Information
- Standard status
- Pending
- Size
- 1,800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing Agency:
RE101-Real Estate
(205) 317-6732
Listed By:
Latonya Bobo
(205) 317-6732
Source:
Exitrealty
Added: Jun 18
Changed: Jul 22
Last Checked: Jul 23 at 6:33AM
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 RE101-Real Estate
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate, tenant-occupied units. Each unit is laid out as a functional two-story arrangement with the living area, kitchen, laundry room, and a half bath on the main level, and both bedrooms plus a full bath upstairs.
The property is located near downtown Tuscaloosa and Greensboro Avenue, with convenient access to shopping, dining, entertainment, and major roadways.
The duplex is being sold subject to existing leases. Additional lease information is available upon request.
The property is located near downtown Tuscaloosa and Greensboro Avenue, with convenient access to shopping, dining, entertainment, and major roadways.
The duplex is being sold subject to existing leases. Additional lease information is available upon request.
Key Highlights
- 1973‑built, well‑maintained duplex with 2 units
- Each unit offers 2 bedrooms and 1.5 bathrooms with a functional two‑story layout
- Main level includes living area, kitchen, laundry room, and half bath
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 | $24.8k | $13.80 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $23.2k | $12.90 |
| − OpEx | −$7.0k | −$3.87 |
| NOI | $16.3k | $9.03 |
1,800 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.3K
$203.2K – $271.0K
NOI $16,258 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$208.5K
$182.5K – $243.3K
NOI $14,598 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two tenant-occupied 2-bedroom, 1.5-bath units, leased through 2027.
Where is this duplex located?
The property is located at 439 29th Place Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1973‑built, well‑maintained duplex with 2 units; Each unit offers 2 bedrooms and 1.5 bathrooms with a functional two‑story layout; Main level includes living area, kitchen, laundry room, and half bath
