Single-Level Duplex
For Sale
$197,500
6717 Covington Villas Lane, Tuscaloosa, AL 35405
One-level residence with an open layout and carpet-free flooring throughout.
Property Size1,278 SF
Days on Market188
Property Features for 6717 Covington Villas Lane
General Information
Standard status
Active
Size
1,278 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$300
Amenities
1 Unit
Water Heater
Sewer Connected, Composition, Shingle
Building Details
Building Size
1,278 SF
Year Built
2010
Stories
1
Listing Agency:
Keller Williams Tuscaloosa
(205) 242-1097
Listed By:
Donna Terry · License #118584396
(205) 242-1097
Source:
Kw
Added: Feb 25
Changed: Aug 31
Last Checked: Sep 1 at 12:24AM
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 Keller Williams Tuscaloosa
Investment Insights
Based on property information with market context.
This one-level duplex property was built in 2010 and includes a three-bedroom, two-bathroom residence with an open floor plan. Flooring throughout the home is free of carpet, supporting straightforward upkeep. Interior details include one unit and a water heater, while the exterior has a composition shingle roof and connected sewer service.
The property is located in Covington Villas at 6717 Covington Villas Lane in Tuscaloosa, Alabama. Its position near the interstate provides access to surrounding areas, including Birmingham, according to the stated property information.
The property is located in Covington Villas at 6717 Covington Villas Lane in Tuscaloosa, Alabama. Its position near the interstate provides access to surrounding areas, including Birmingham, according to the stated property information.
Key Highlights
- Three‑bedroom, two‑bathroom one‑level residence
- Open floor plan with no carpet throughout
- Built in 2010
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
$11,543
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
5.84%
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%
$230,860
$230.9K
Cap Rate 7%
$164,900
$164.9K
Cap Rate 9%
$128,256
$128.3K
Market Conditions
NOI Build-Up for 1,278 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
$17.6K $13.80/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$16.5K $12.90/SF
− OpEx
−$4.9K −$3.87/SF
NOI
$11.5K $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%
$230,860
Cap Rate 7%
$164,900
Cap Rate 9%
$128,256
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,543 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$148.1K
$129.6K – $172.8K
NOI $10,365 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$307.1K
$268.7K – $358.3K
NOI $21,498 @ 7.0% cap · market cap 10.89%
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
29
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 - One-level residence with an open layout and carpet-free flooring throughout.
Where is this duplex located?
The property is located at 6717 Covington Villas Lane Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $197,500.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom one‑level residence; Open floor plan with no carpet throughout; Built in 2010
