Tenant-Occupied
New
For Sale
$529,900
5595-5597 Surrey Lane, Birmingham, AL 35242
Residential, Birmingham, AL
Property Size3,609 SF
Lot Size0.66 Acres
Price / SF$146.83
Days on Market3
Property Features for 5595-5597 Surrey Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 6, Bedroom 3, Bathroom 5, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 6, Bedroom 4
Parking features
Driveway
Interior features
SeparateFormalDiningRoom
Fireplace
1
Appliances
GasWaterHeater
Directions
From US-280, take Hwy 119/Cahaba Valley Road approximately 3.2 miles. Turn right onto Surrey Lane. Property will be on Surrey Lane at 5595 Surrey Lane.
Subdivision
(07) Outside Tuscaloosa - Not Neighboring
Standard status
Active
APN
10-6-13-0-001-010.003
Size
3,609 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Description
Com Sw Cor Se1/4 Nw1/4 N668.86 E905.15 Se94.25 To Pob Se156.78 Sw151.06 W145.95 N25 Ne212.5 To Pob
Legal Description
Com Sw Cor Se1/4 Nw1/4 N668.86 E905.15 Se94.25 To Pob Se156.78 Sw151.06 W145.95 N25 Ne212.5 To Pob
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1979
Floors in Building
2
Building materials
Brick, 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 2:06PM
MLS# 177887
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 3,609-square-foot duplex, built in 1979, sits on 0.66 acres. Both units have private entrances and living areas. Construction includes brick and vinyl siding; the property also has central air, natural gas heating, a driveway, and a fireplace.
The property is just off Highway 119, with shopping and dining nearby and Highway 280 also close by. It is within the Oak Mountain school zone. Both units are occupied by tenants whose tenancies began four to five years ago; the leases are now month-to-month.
The property is just off Highway 119, with shopping and dining nearby and Highway 280 also close by. It is within the Oak Mountain school zone. Both units are occupied by tenants whose tenancies began four to five years ago; the leases are now month-to-month.
Key Highlights
- 3,609‑square‑foot duplex on a 0.66‑acre lot
- Two occupied units with private entrances
- Both tenancies have lasted 4‑5 years and are now 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
41
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
Check the figures for this property
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 - Two month-to-month tenancies have been in place for four to five years.
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 on a 0.66‑acre lot; Two occupied units with private entrances; Both tenancies have lasted 4‑5 years and are now month‑to‑month
