2-Unit Two-Story
439 29th Place, Tuscaloosa, AL 35401
For Sale
$199,900
Each residence has two bedrooms, 1.5 bathrooms, and a separate two-level layout.
Property Size1,800 SF
Price / SF$111.06
Days on Market148
Property Features for 439 29th Place
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
RE101-Real Estate
Listed By:
Latonya Bobo
(205) 317-6732
Source:
Rightspacecre
Added: Jun 15
Changed: Nov 2
Last Checked: Nov 8 at 10:18AM
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
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged across two floors with two bedrooms and 1.5 bathrooms. Living space, kitchen, laundry, and a half bath occupy the lower level; the bedrooms and full bath are upstairs in each unit.
Both residences are tenant-occupied, with leases extending through 2027, and the sale is subject to those leases. The property is near downtown Tuscaloosa and Greensboro Avenue, with shopping, dining, entertainment, and major roadways in the surrounding area.
Both residences are tenant-occupied, with leases extending through 2027, and the sale is subject to those leases. The property is near downtown Tuscaloosa and Greensboro Avenue, with shopping, dining, entertainment, and major roadways in the surrounding area.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 bathrooms
- Both units are two‑story layouts with living area, kitchen, laundry, and half bath downstairs
- Both residences are tenant‑occupied with leases in place through 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,258
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,160
$325.2K
Cap Rate 7%
$232,257
$232.3K
Cap Rate 9%
$180,644
$180.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.8K $13.80/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$23.2K $12.90/SF
− OpEx
−$7.0K −$3.87/SF
NOI
$16.3K $9.03/SF
Area
Tuscaloosa, AL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,160
Cap Rate 7%
$232,257
Cap Rate 9%
$180,644
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 authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Tuscaloosa County, AL
Properties on Market for Duplexes in Tuscaloosa County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, 1.5 bathrooms, and a separate two-level layout.
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: Two residences, each with 2 bedrooms and 1.5 bathrooms; Both units are two‑story layouts with living area, kitchen, laundry, and half bath downstairs; Both residences are tenant‑occupied with leases in place through 2027
