Renovated Duplex Near Downtown
5912 2nd N Avenue Birmingham, AL 35212
5912 2nd N Avenue, Birmingham, AL, 35212
$215,000
For Sale
$215,000
Turnkey duplex investment opportunity with stable, predictable cash flow.
Property Size800 SF
Price / SF$268.75
Days on Market123
Property Features for 5912 2nd N Avenue
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing Agency
eXp Realty, LLC Central
(205) 790-0944
Listed by
Tim Lantz
(205) 790-0944
Source
Exitrealty
Added: Mar 17 Checked: Jul 16 at 8:03 am
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 eXp Realty, LLC Central
Investment Insights
Based on property information with market context.
This is a fully renovated duplex investment property located near Downtown Birmingham, the Birmingham Airport, restaurants, and UAB Hospital. The property offers immediate income and long-term potential. Both units are currently leased. One unit rents for $800 per month through April 30, 2027, and the other rents for $850 per month through September 30, 2026. The property features new flooring, fresh paint, upgraded finishes, and new HVAC systems in both units. Each side is all-electric and includes new appliances and a new tankless water heater. The property is 800 square feet and appeals to both tenants and investors seeking reliable occupancy due to its location near major employment centers and healthcare hubs. Showing is available upon accepted offer.
Key Highlights
- Fully renovated duplex providing immediate income and long‑term investment potential.
- Prime location near Downtown Birmingham, Birmingham Airport, restaurants, and UAB Hospital.
- Both units are currently leased with stable, predictable cash flow.
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 | $9.7k | $12.12 |
| − Vacancy | −$893 | −$1.12 |
| EGI | $8.8k | $11.00 |
| − OpEx | −$2.6k | −$3.30 |
| NOI | $6.2k | $7.70 |
800 SF · lease $12.12/SF/yr · vacancy 9.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$88.0K
$77.0K – $102.7K
NOI $6,162 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$82.4K
$72.1K – $96.2K
NOI $5,769 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$187.8K
$164.3K – $219.1K
NOI $13,144 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex investment opportunity with stable, predictable cash flow.
Where is this duplex located?
The property is located at 5912 2nd N Avenue Birmingham, AL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Fully renovated duplex providing immediate income and long‑term investment potential.; Prime location near Downtown Birmingham, Birmingham Airport, restaurants, and UAB Hospital.; Both units are currently leased with stable, predictable cash flow.
