Updated
For Sale
$399,000
524 55th Street, Birmingham, AL 35212
Four-unit property with a new roof, windows, siding, and interior finishes.
Property Size2,144 SF
Price / SF$186.10
Days on Market8
Property Features for 524 55th Street
General Information
Standard status
Active
Size
2,144 SF
Property subtype
Multi Family
Occupancy
75%
Additional Details
Gross Income
$45,000
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Watts Realty Co Inc
(205) 936-7088
Listed By:
Emile Hughes · License #122131
(205) 936-7088
Source:
Exitrealty
Added: Jul 29
Changed: Jul 31
Last Checked: Aug 5 at 5:39AM
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 Watts Realty Co Inc
Investment Insights
Based on property information with market context.
This four-unit quadplex contains 2,144 square feet and was built in 1950. The property is 3/4 occupied and includes new exterior improvements, including the roof, windows, and siding. New finishes have also been added throughout the interior.
The units are identified as A, B, C, and D. Located at 524 55th Street in Birmingham, Alabama, the property offers a four-unit configuration with updated exterior and interior features.
The units are identified as A, B, C, and D. Located at 524 55th Street in Birmingham, Alabama, the property offers a four-unit configuration with updated exterior and interior features.
Key Highlights
- Four‑unit quadplex with 2,144 square feet
- 3/4 occupied across units A, B, C, and D
- New roof, windows, and siding
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 | $26.0k | $12.12 |
| − Vacancy | −$2.4k | −$1.12 |
| EGI | $23.6k | $11.00 |
| − OpEx | −$7.1k | −$3.30 |
| NOI | $16.5k | $7.70 |
2,144 SF · lease $12.12/SF/yr · vacancy 9.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$235.9K
$206.4K – $275.2K
NOI $16,514 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$220.9K
$193.3K – $257.7K
NOI $15,461 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$503.2K
$440.3K – $587.1K
NOI $35,227 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 35212, AL
11,240
Population
5,537
Households
2
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
1,813
Density / Sq Mi
$34,565
Median Household Income
$37,264
Median Earnings
$754
Median Rent
$210,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with a new roof, windows, siding, and interior finishes.
Where is this quadplex located?
The property is located at 524 55th Street Birmingham, AL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,144 square feet; 3/4 occupied across units A, B, C, and D; New roof, windows, and siding
