Two-Story
New
For Sale
$484,900
5591-5593 Surrey Lane, Birmingham, AL 35242
Residential, Birmingham, AL
Property Size3,256 SF
Lot Size0.68 Acres
Price / SF$148.93
Days on Market3
Property Features for 5591-5593 Surrey Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 6, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 5
Parking features
Driveway
Interior features
SeparateFormalDiningRoom
Fireplace
1
Appliances
GasWaterHeater
Directions
From Hwy 280, take Hwy 119/Cahaba Valley Road approximately 3.2 miles. Turn right onto Surrey Lane in the Wagon Trace subdivision. Continue on Surrey Lane; 5591 Surrey Lane will be on the left.
Subdivision
(07) Outside Tuscaloosa - Not Neighboring
Standard status
Active
APN
10-6-13-0-001-010.001
Size
3,256 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Description
Com Sw Cor Se1/4 Nw1/4 N668.86 E685.32 To Pob Cont E136.89 Se94.25 Sw212.5 S25 W75 Curve Nly91.44 Nw224.3 To Pob &
Legal Description
Com Sw Cor Se1/4 Nw1/4 N668.86 E685.32 To Pob Cont E136.89 Se94.25 Sw212.5 S25 W75 Curve Nly91.44 Nw224.3 To Pob &
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Building materials
BrickVeneer, Stone, VinylSiding
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Keller Williams Hoover · Keller Williams Realty
(205) 822-2272
Listed By:
Abby Pate
(205) 913-6001
Added: Oct 7
Changed: Oct 9
Last Checked: Oct 9 at 1:06PM
MLS# 177885
Copyright © 2026 West Alabama Multiple Listing Service. 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.
This 3,256-square-foot duplex contains two residences, each with three bedrooms, two-and-a-half bathrooms, and a two-story layout. Built in 1979, the property sits on 0.68 acres and has brick veneer, stone, and vinyl siding. Interior features include formal dining rooms and fireplaces; heating is natural gas, with central air conditioning. Each residence is currently occupied, and both tenancies have been in place for 4–5 years. The agreements are now month-to-month.
The property is on Surrey Lane in Birmingham, just off Cahaba Valley Road/Hwy 119, with access to Hwy 280. Shopping and dining are identified among the nearby conveniences. The property is associated with Oak Mountain schools and Shelby County property taxes.
The property is on Surrey Lane in Birmingham, just off Cahaba Valley Road/Hwy 119, with access to Hwy 280. Shopping and dining are identified among the nearby conveniences. The property is associated with Oak Mountain schools and Shelby County property taxes.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- 3,256 square feet on a 0.68‑acre parcel
- Both residences occupied by tenants for 4–5 years; agreements are month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,080
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,600
$501.6K
Cap Rate 7%
$358,286
$358.3K
Cap Rate 9%
$278,667
$278.7K
Market Conditions
NOI Build-Up for 3,256 SF
Gross rent
$39.5K $12.12/SF
− Vacancy
−$3.6K −$1.12/SF
EGI
$35.8K $11.00/SF
− OpEx
−$10.7K −$3.30/SF
NOI
$25.1K $7.70/SF
Area
Birmingham, AL
Vacancy
9.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,600
Cap Rate 7%
$358,286
Cap Rate 9%
$278,667
Alternative Uses
Best Use
Multifamily LT 5
$358.3K
$313.5K – $418.0K
NOI $25,080 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$335.4K
$293.5K – $391.3K
NOI $23,480 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$764.2K
$668.7K – $891.6K
NOI $53,497 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 35242, AL
57,008
Population
25,247
Households
2.3
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
52.4 sq mi
ZIP Area
1,088
Density / Sq Mi
$116,053
Median Household Income
$59,731
Median Earnings
$1,430
Median Rent
$452,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, two-and-a-half baths, and tenants on month-to-month terms.
Where is this duplex located?
The property is located at 5591-5593 Surrey Lane Birmingham, AL.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; 3,256 square feet on a 0.68‑acre parcel; Both residences occupied by tenants for 4–5 years; agreements are month‑to‑month
