Triplex Income
6614 Cahaba Valley Road Birmingham, AL 35242
6614 Cahaba Valley Road, Birmingham, AL, 35242
$449,000
For Sale
$449,000
Three-unit triplex with two currently leased units; basement unit needs finishing before it can be leased.
Property Size2,727 SF
Price / SF$164.65
Days on Market94
Property Features for 6614 Cahaba Valley Road
General Information
- Standard status
- Active
- Size
- 2,727 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1953
Listing Agency
ARC Realty Vestavia
(205) 902-4320
Listed by
Christian Kelly · License #116513
(205) 902-4320
Source
Exitrealty
Added: Apr 15 Checked: Jul 16 at 8:02 am
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 ARC Realty Vestavia
Investment Insights
Based on property information with market context.
This triplex at 6614 Cahaba Valley Road is set up as three separate rental units. The basement unit will need to be finished out in order to lease, while the other units are currently generating rental income. A 2-bedroom unit is currently leased for $1,810, and a 1-bedroom unit is currently leased for $1,440.
The property is conveniently located near shopping, dining, and major roadways, supporting easy access to everyday amenities for residents.
For investors or owner-operators looking for a multifamily asset, the existing leases provide a starting point for income, while the unfinished basement unit represents an operational step that must be completed before it can be marketed to tenants. It’s also a straightforward option for buyers expanding into residential income property or adding another triplex to a portfolio, given the functional, rental-oriented layout described for each unit.
The property is conveniently located near shopping, dining, and major roadways, supporting easy access to everyday amenities for residents.
For investors or owner-operators looking for a multifamily asset, the existing leases provide a starting point for income, while the unfinished basement unit represents an operational step that must be completed before it can be marketed to tenants. It’s also a straightforward option for buyers expanding into residential income property or adding another triplex to a portfolio, given the functional, rental-oriented layout described for each unit.
Key Highlights
- 1953‑built three‑unit triplex at 6614 Cahaba Valley Rd, Birmingham, AL 35242
- Two units currently leased: 2BR for $1,810/month and 1BR for $1,440/month
- Basement unit needs to be finished out before it can be leased
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $12.12 |
| − Vacancy | −$3.0k | −$1.12 |
| EGI | $30.0k | $11.00 |
| − OpEx | −$9.0k | −$3.30 |
| NOI | $21.0k | $7.70 |
2,727 SF · lease $12.12/SF/yr · vacancy 9.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.1K
NOI $21,005 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.8K
NOI $19,665 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$640.1K
$560.1K – $746.8K
NOI $44,806 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Etc
Sustainability Organization
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FAQs
What type of property is this?
Triplex - Three-unit triplex with two currently leased units; basement unit needs finishing before it can be leased.
Where is this triplex located?
The property is located at 6614 Cahaba Valley Road Birmingham, AL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1953‑built three‑unit triplex at 6614 Cahaba Valley Rd, Birmingham, AL 35242; Two units currently leased: 2BR for $1,810/month and 1BR for $1,440/month; Basement unit needs to be finished out before it can be leased
