Duplex with Covered
For Sale
$190,000
6505 Covington Villas Drive, Tuscaloosa, AL 35405
Residential, Tuscaloosa, AL
Property Size1,256 SF
Lot Size0.08 Acres
Price / SF$151.27
Days on Market22
Property Features for 6505 Covington Villas Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Driveway, Garage
Patio and Porch features
Patio
Interior features
CeilingFans, OpenConcept, WalkInClosets
Exterior features
Lighting
Fireplace
1
Appliances
Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator
Subdivision
Covington Villas
Lot features
Cleared, Level
Elementary school
Woodland Forest
Middle school
Eastwood
High school
Bryant
Directions
From Buttermilk Road, turn onto Bradford Blvd and take a left onto Covington Villas Drive. 6505 will be the second-to-last duplex on your left, just before Covington Villas Way.
Standard status
Active
APN
37-01-11-2-001-053.000
Size
1,256 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
Lot 145 Covington Villas 2nd Section
HOA Fee
$300 Annually
Legal Description
Lot 145 Covington Villas 2nd Section
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
fenced backyard
covered patio
Building Details
Year built
2005
Floors in Building
1
Building materials
Brick
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Kim Harwood · License #118505969
(205) 242-7104
Added: Aug 13
Changed: Sep 2
Last Checked: Sep 3 at 9:06PM
MLS# 176811
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.
Investment Insights
Based on property information with market context.
This 1,256-square-foot duplex, built in 2005, combines a practical interior layout with features suited to low-maintenance living. The property includes two bedrooms, two bathrooms, walk-in closets, ceiling fans, an open-concept design, and a fireplace. Central heating and central air conditioning support year-round comfort, while the kitchen is equipped with a dishwasher, electric oven, electric range, microwave, refrigerator, and electric water heater.
Exterior improvements include brick construction, composition shingle roofing, lighting, a covered patio, and a fenced backyard on a 0.08-acre lot. Driveway and garage parking are provided. The property is located in Tuscaloosa near a dog park and offers access to the interstate, adding convenience for daily travel and outdoor use.
Exterior improvements include brick construction, composition shingle roofing, lighting, a covered patio, and a fenced backyard on a 0.08-acre lot. Driveway and garage parking are provided. The property is located in Tuscaloosa near a dog park and offers access to the interstate, adding convenience for daily travel and outdoor use.
Key Highlights
- 1,256‑square‑foot duplex on a 0.08‑acre lot
- Two bedrooms and two bathrooms with walk‑in closets
- Covered patio and fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,344
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bath layout with garage parking and central HVAC.
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 on a 0.08‑acre lot; Two bedrooms and two bathrooms with walk‑in closets; Covered patio and fenced backyard
