Value-Add Multifamily Near
For Sale
$215,000
603 18th Street, Tuscaloosa, AL 35401
Multifamily investment offering proximity to University of Alabama campus and potential for renovation-based rent improvements.
Property SizeContact for details
Days on Market153
Property Features for 603 18th Street
General Information
Standard status
Active
Property subtype
Duplex
Amenities
Electric
Central
Central Air
Composition, Shingle
Listing Agency:
Keller Williams Tuscaloosa
Listed By:
Edwin Odems · License #118552191
(601) 618-4474
Source:
Kw
Added: Apr 16
Changed: Sep 14
Last Checked: Sep 14 at 12:45PM
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 Tuscaloosa
Investment Insights
Based on property information with market context.
This multifamily property at 603 18th Street is offered for sale as a residential income asset suited for investors who want to apply light rehab and operational adjustments. With an approximate property size of 1,100, the opportunity is positioned around creating additional value through strategic renovations and rent optimization, supported by its current role as a rental property.
The property is described as being just minutes from the University of Alabama campus, placing it within a practical commuting distance for student-oriented housing demand. The remarks also note proximity to everyday conveniences such as dining and shopping, which can support tenant access and reduce friction for prospective renters.
For buyers and brokers evaluating income-producing real estate, this offering may fit best for a buy-and-hold approach or a light renovation strategy where the goal is to improve the property’s presentation and align rents with the market. Investors seeking a manageable multifamily asset close to campus may find the location and value-add framing particularly relevant when underwriting renovation scope and rent assumptions. All prospective buyers are encouraged to review the property details and permitted uses with their advisors prior to making an investment decision.
The property is described as being just minutes from the University of Alabama campus, placing it within a practical commuting distance for student-oriented housing demand. The remarks also note proximity to everyday conveniences such as dining and shopping, which can support tenant access and reduce friction for prospective renters.
For buyers and brokers evaluating income-producing real estate, this offering may fit best for a buy-and-hold approach or a light renovation strategy where the goal is to improve the property’s presentation and align rents with the market. Investors seeking a manageable multifamily asset close to campus may find the location and value-add framing particularly relevant when underwriting renovation scope and rent assumptions. All prospective buyers are encouraged to review the property details and permitted uses with their advisors prior to making an investment decision.
Key Highlights
- Multifamily investment offering proximity to the University of Alabama campus (just minutes away)
- Renovation‑based rent improvement strategy described for potential rent optimization
- Located near dining and shopping alongside campus amenities
Property Analytics
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Location Intelligence
Trade Area within ½ mile
483
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Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
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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?
Multifamily property - Multifamily investment offering proximity to University of Alabama campus and potential for renovation-based rent improvements.
Where is this multifamily property located?
The property is located at 603 18th Street Tuscaloosa, 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: Multifamily investment offering proximity to the University of Alabama campus (just minutes away); Renovation‑based rent improvement strategy described for potential rent optimization; Located near dining and shopping alongside campus amenities
