455 Shelby Street, Montevallo, AL 35115
Brick triplex with three two-bedroom, one-bath units near the University of Montevallo.
- Added:
- May 22, 2026
- Days on Market:
- 37
- Last Refresh:
- Jun 24 at 8:23 am
Property Features for 455 Shelby Street
General Information
- Standard status
- Active
- Size
- 2,364 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1964
Listing office RealtySouth-Inverness Office (205) 296-4615
Listing date May 22, 2026
Source Exitrealty
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 RealtySouth-Inverness Office
HighLights
- Brick triplex built in 1964 with three 2‑bedroom, 1‑bath units
- All three units share the same 2BR/1BA layout
- Large storage shed included for owner use
- Professionally managed for more than 10 years
- Located in the heart of Montevallo near shopping, dining, local amenities, and the University of Montevallo campus
Overview
Located in the heart of Montevallo, the property is described as a short walk from shopping, dining, local amenities, and the University of Montevallo campus. The listing highlights the convenience of the area for day-to-day needs and campus-related access.
From a tenant fit perspective, the consistent unit layout can simplify leasing and maintenance considerations, with two-bedroom, one-bath homes that can serve students, professionals, or long-term residents. The triplex also offers flexible occupancy options for an owner-occupant—live in one unit while renting the other two—or the ability to lease all three units. The brick exterior and long-term professional management record further support a straightforward, turnkey approach for investors and owner-users.
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 | $29.8k | $12.60 |
| − Vacancy | −$3.2k | −$1.35 |
| EGI | $26.6k | $11.25 |
| − OpEx | −$8.0k | −$3.37 |
| NOI | $18.6k | $7.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Montevallo
- County
- Shelby
- State
- Alabama
- Longitude
- -86.862785
- Latitude
- 33.0977775
