Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    640 & 642 S PARKELL AVENUE Hueytown, AL 35023

    View on Map
    Claim this Listing
    For Sale
    $137,500

    Duplex - HUEYTOWN, AL

    Type:Duplex
    Added:
    Apr 2, 2026
    Days on Market:
    31
    Last Refresh:
    May 2 at 7:06 pm

    Property Features for 640 & 642 S PARKELL AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Standard status
    Active

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1940
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Blake Shultz

    Listing agent Blake Shultz

    Listing office ARC Realty - Hoover 5220 Peridot Place, Suite 124, Birmingham, AL

    Listing date Apr 2, 2026

    MLS# 21448525 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Generating Duplex in Hueytown, AL

    This income-generating property in Hueytown, Alabama, features two separate homes on one lot, both currently tenant-occupied. The main home, located at 642 S Parkell Avenue, includes 2 bedrooms and 1 bathroom and has new flooring and fresh paint completed within the last year. The additional property at 640 S Parkell Avenue, included with the purchase, features 1 bedroom and 1 bathroom and was fully renovated in 2023. Renovations include a new roof, siding, insulation, flooring, and fresh paint. With established 2-year tenants already in place, this property offers immediate cash flow, presenting a ready-made investment opportunity with solid potential for expanding an existing portfolio or getting started in real estate investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Hueytown
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.0224
    Latitude
    33.3984

    Nearby Similar for Sale

    • $225,000

      Commercial Building in High Traffic

      Renovated commercial building in a high-traffic area.
      903 WARRIOR RIVER ROAD, HUEYTOWN, AL 35023
      View Details
    • $349,900

      Renovated Triplex in Hueytown, AL

      Two homes in one on an acre in Hueytown.
      2010 HIGH SCHOOL ROAD, HUEYTOWN, AL 35023
      View Details
    • $225,000

      Hueytown Commercial Property For Sale

      1,244 sq ft commercial property in Hueytown, Alabama.
      200 BROOKLANE DRIVE, HUEYTOWN, AL 35023
      View Details
    • $285,000

      Versatile Commercial Building in Hueytown

      Adaptable commercial space, previously a daycare, with recent upgrades.
      3090 ALLISON BONNETT MEMORIAL DRIVE, HUEYTOWN, AL 35023
      View Details
    • $350,000
      1,622 SF

      Former Daycare with Equipment Included

      Turnkey daycare opportunity or convert to other business uses.
      3090 Allison Bonnett Memorial Drive, HUEYTOWN, AL 35023
      View Details
    • $474,000
      2,484 SF

      Established Business Opportunity For Sale

      Established business with inventory, buildings, house, and extra lot.
      900 Brooklane Drive 1, HUEYTOWN, AL 35023
      View Details
    • $119,900
      2,039 SF

      Hueytown Commercial Property For Sale

      Commercial property with frontage on Brooklane Drive in Hueytown, Alabama.
      616 BROOKLANE DRIVE, Hueytown, AL 35023
      View Details
    • $109,000
      1,450 SF

      Hueytown Commercial Property For Sale

      Commercial property in Hueytown, zoned B2 with road frontage.
      103 IVY AVENUE, Hueytown, AL 35023
      View Details

    FAQs

    What type of property is this?
    Duplex - Tenant-occupied duplex with renovated units, ready for immediate cash flow.
    Where is this duplex located?
    The property is located at 640 & 642 S PARKELL AVENUE Hueytown, AL.
    What is the asking price?
    The asking price for this property is $137,500.
    What are key features of this property?
    This property features: Income‑generating property with two separate tenant‑occupied homes on one lot.; **Fully renovated 1‑bedroom, 1‑bathroom property (640 S Parkell) in 2023 with new roof, siding, insulation, flooring, and paint.**; Established tenants in place providing immediate cash flow.
    (205) 969-8910
    We can help!
    Listing Contact
    Blake Shultz
    Real Estate License ID: 100603
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    640 & 642 S PARKELL AVENUE, HUEYTOWN, AL 35023

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!