Duplex with Central
For Sale
$215,000
603 18th Street, Tuscaloosa, AL 35401
ResidentialIncome, Tuscaloosa, AL
Property Size1,100 SF
Lot Size1.00 Acre
Price / SF$195.45
Days on Market191
Property Features for 603 18th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
CeilingFans
Exterior features
ConcreteDriveway
Subdivision
Finnell Add
Elementary school
University Place
Middle school
University Place
High school
Central
Directions
From I-20/59, take Exit 73 toward US-82/Tuscaloosa. Head west on US-82/McFarland Blvd. Turn right onto 15th St, then left onto 6th Ave. Continue a few blocks, turn right onto 18th St. 603 will be on your left.
Standard status
Active
APN
31-07-26-1-011-002.001
Size
1,100 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Lot 2 In Blk 3 In Finnell Addition Subd
Legal Description
Lot 2 In Blk 3 In Finnell Addition Subd
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Flooring type
Vinyl
Building materials
WoodFrame
Roof type
Composition, Shingle
Listing Agency:
Keller Williams Tuscaloosa · Keller Williams Realty
(205) 759-3400
Listed By:
Edwin Odems
(601) 618-4474
Added: Apr 15
Changed: Oct 22
Last Checked: Oct 22 at 10:06PM
MLS# 174681
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.
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Investment Insights
Based on property information with market context.
This duplex at 603 18th Street in Tuscaloosa contains 1,100 square feet on a 1-acre parcel. The wood-frame construction includes vinyl flooring, ceiling fans, and a composition shingle roof. A concrete driveway serves the property.
Building systems include central air conditioning and central electric heat. The property is located minutes from the University of Alabama campus, with dining, shopping, and campus amenities identified in the surrounding area.
Building systems include central air conditioning and central electric heat. The property is located minutes from the University of Alabama campus, with dining, shopping, and campus amenities identified in the surrounding area.
Key Highlights
- Duplex configuration with 1,100 square feet of property size
- 1‑acre parcel at 603 18th Street, Tuscaloosa, AL 35401
- Central air conditioning and central electric heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,935
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,700
$198.7K
Cap Rate 7%
$141,929
$141.9K
Cap Rate 9%
$110,389
$110.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$15.2K $13.80/SF
− Vacancy
−$987 −$0.90/SF
EGI
$14.2K $12.90/SF
− OpEx
−$4.3K −$3.87/SF
NOI
$9.9K $9.03/SF
Area
Tuscaloosa, AL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,700
Cap Rate 7%
$141,929
Cap Rate 9%
$110,389
Alternative Uses
Best Use
Multifamily LT 5
$141.9K
$124.2K – $165.6K
NOI $9,935 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$127.4K
$111.5K – $148.7K
NOI $8,921 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$264.3K
$231.3K – $308.4K
NOI $18,504 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Duplex - Wood-frame residential income property with vinyl flooring and a concrete driveway in Tuscaloosa.
Where is this duplex 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: Duplex configuration with 1,100 square feet of property size; 1‑acre parcel at 603 18th Street, Tuscaloosa, AL 35401; Central air conditioning and central electric heat
