Duplex with Private
For Sale
$529,900
Pending
5595-5597 Surrey Lane, Birmingham, AL 35242
Two separate residences have long-term occupants under month-to-month arrangements, offering flexibility for continued rental or owner use.
Property Size3,609 SF
Days on Market29
Property Features for 5595-5597 Surrey Lane
General Information
Standard status
Pending
Size
3,609 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
3,609 SF
Year Built
1979
Listing Agency:
Keller Williams Hoover
Listed By:
Abby Pate · License #118546670
(205) 913-6001
Source:
Rightspacecre
Added: Oct 7
Changed: Nov 2
Last Checked: Nov 3 at 8:47AM
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 Keller Williams Hoover
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Investment Insights
Based on property information with market context.
Built in 1979, this 3,609-square-foot duplex contains two residences, each with a private entrance and spacious living areas. The property offers a configuration suited to separate household occupancy while maintaining a single building footprint.
Both units have tenants who have occupied them for 4–5 years, and their agreements are now month-to-month. The property is near Highway 119, with shopping and dining nearby, as well as access to Highway 280.
Both units have tenants who have occupied them for 4–5 years, and their agreements are now month-to-month. The property is near Highway 119, with shopping and dining nearby, as well as access to Highway 280.
Key Highlights
- 3,609‑square‑foot duplex built in 1979
- Two units with separate private entrances
- Both units have tenants with 4–5 years of occupancy; agreements are month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,799
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,980
$556.0K
Cap Rate 7%
$397,129
$397.1K
Cap Rate 9%
$308,878
$308.9K
Market Conditions
NOI Build-Up for 3,609 SF
Gross rent
$43.7K $12.12/SF
− Vacancy
−$4.0K −$1.12/SF
EGI
$39.7K $11.00/SF
− OpEx
−$11.9K −$3.30/SF
NOI
$27.8K $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%
$555,980
Cap Rate 7%
$397,129
Cap Rate 9%
$308,878
Alternative Uses
Best Use
Multifamily LT 5
$397.1K
$347.5K – $463.3K
NOI $27,799 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$371.8K
$325.3K – $433.8K
NOI $26,026 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$847.1K
$741.2K – $988.3K
NOI $59,297 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
55
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences have long-term occupants under month-to-month arrangements, offering flexibility for continued rental or owner use.
Where is this duplex located?
The property is located at 5595-5597 Surrey Lane Birmingham, AL.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 3,609‑square‑foot duplex built in 1979; Two units with separate private entrances; Both units have tenants with 4–5 years of occupancy; agreements are month‑to‑month
