Auburn Investment and Redevelopment
907 OLD MILL Road Auburn, AL 36830
907 OLD MILL Road, Auburn, AL, 36830
$300,000
For Sale
$300,000
0.49-acre property near Auburn University with income potential.
Property Size2,864 SF
Lot Size0.49 Acres
Price / SF$104.75
Days on Market228
Property Features for 907 OLD MILL Road
General Information
- Standard status
- Active
- Size
- 2,864 SF
- Lot size
- 0.49 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1946
Listing Agency
REAL ESTATE 3
(706) 501-8099
Listed by
TRACI TRAN · License #108827
(706) 501-8099
Source
Exitrealty
Added: Dec 3, 2025 Checked: Jul 19 at 4:07 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 REAL ESTATE 3
Investment Insights
Based on property information with market context.
Located 1.7 miles from Samford Hall at Auburn University, this 0.49-acre property on Old Mill Road presents investment and redevelopment potential. The site includes a duplex, currently rented month-to-month at $650 per side, and an additional vacant home slated for demolition. Situated in a high-growth area near Auburn's core, the property offers immediate income and a prime opportunity for builders, investors, or developers to reimagine the site. The property size is 2864 square feet. The roof and HVAC were replaced in 2019.
Key Highlights
- Prime location, only 1.7 miles from Auburn University's Samford Hall.
- Strong investment and redevelopment potential in a high‑growth area.
- Immediate income from a duplex currently rented month‑to‑month.
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 | $37.8k | $13.20 |
| − Vacancy | −$2.8k | −$0.99 |
| EGI | $35.0k | $12.21 |
| − OpEx | −$10.5k | −$3.66 |
| NOI | $24.5k | $8.55 |
2,864 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.7K
$306.0K – $408.0K
NOI $24,479 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$327.2K
$286.3K – $381.7K
NOI $22,902 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$698.5K
$611.2K – $814.9K
NOI $48,896 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 0.49-acre property near Auburn University with income potential.
Where is this duplex located?
The property is located at 907 OLD MILL Road Auburn, AL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime location, only 1.7 miles from Auburn University's Samford Hall.; Strong investment and redevelopment potential in a high‑growth area.; Immediate income from a duplex currently rented month‑to‑month.
