Two-Bedroom Duplex with Covered
For Sale
$190,000
6505 Covington Villas Drive, Tuscaloosa, AL 35405
Fenced outdoor space, generous storage, and interstate access support a convenient, low-maintenance residence.
Property Size1,256 SF
Price / SF$151.27
Days on Market64
Property Features for 6505 Covington Villas Drive
General Information
Standard status
Active
Size
1,256 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
fenced backyard
covered patio
Building Details
Year Built
2005
Listing Agency:
Harwood Real Estate LLC
Listed By:
Kim Harwood · License #118505969
(205) 242-7104
Source:
Thegraygroupal
Added: Aug 15
Changed: Oct 11
Last Checked: Oct 16 at 5:57AM
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 Harwood Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 2005, this 1,256-square-foot duplex in Tuscaloosa offers a two-bedroom, two-bath layout with spacious bedrooms and ample closet storage. The residence includes a fenced backyard and covered patio, extending the usable living area outdoors while keeping maintenance practical. The property is located at 6505 Covington Villas Drive, with a dog park across the street and interstate access nearby. Its established condition and functional configuration support both owner occupancy and rental use.
Key Highlights
- 1,256‑square‑foot duplex with 2 bedrooms and 2 baths
- Built in 2005
- Fenced backyard with covered patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,344
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,880
$226.9K
Cap Rate 7%
$162,057
$162.1K
Cap Rate 9%
$126,044
$126.0K
Market Conditions
NOI Build-Up for 1,256 SF
Gross rent
$17.3K $13.80/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$16.2K $12.90/SF
− OpEx
−$4.9K −$3.87/SF
NOI
$11.3K $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%
$226,880
Cap Rate 7%
$162,057
Cap Rate 9%
$126,044
Alternative Uses
Best Use
Multifamily LT 5
$162.1K
$141.8K – $189.1K
NOI $11,344 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$145.5K
$127.3K – $169.8K
NOI $10,186 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$301.8K
$264.1K – $352.1K
NOI $21,128 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 35405, AL
45,155
Population
22,260
Households
2
Avg Household Size
34
Median Age
31%
College-Educated
94%
High-School Grad
52.9 sq mi
ZIP Area
854
Density / Sq Mi
$61,371
Median Household Income
$39,077
Median Earnings
$1,057
Median Rent
$224,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fenced outdoor space, generous storage, and interstate access support a convenient, low-maintenance residence.
Where is this duplex located?
The property is located at 6505 Covington Villas Drive Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1,256‑square‑foot duplex with 2 bedrooms and 2 baths; Built in 2005; Fenced backyard with covered patio
