Historic Duplex with Two Leased
925 39th S Street A & B Birmingham, AL 35222
925 39th S Street A & B, Birmingham, AL, 35222
$699,000
For Sale
$699,000
Corner-lot duplex with character-rich interiors, fenced back yard, and two units leased through 2027.
Property Size2,758 SF
Price / SF$253.44
Days on Market64
Property Features for 925 39th S Street A & B
General Information
- Standard status
- Active
- Size
- 2,758 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing Agency
RealtySouth-MB-Crestline
(205) 470-1307
Listed by
Jeff Richardson · License #85975
(205) 470-1307
Source
Exitrealty
Added: May 15 Checked: Jul 16 at 5:50 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 RealtySouth-MB-Crestline
Investment Insights
Based on property information with market context.
This historic duplex offers two separately configured units in a corner-lot setting. The property features high ceilings, detailed moldings, original hardwood flooring, abundant windows, and fireplaces throughout. Unit A includes a front porch, a spacious living room and large dining room, two generously sized bedrooms with natural light from windows on two walls, and a primary bedroom at the rear with a private bath. A bright kitchen includes laundry, quartz counters, and updated major appliances, along with access to a private, fenced-in backyard.
Unit B provides additional space with a sunroom overlooking 39th Street. It includes spacious bedrooms, a kitchen, a dining room and living room with a fireplace, and a wrap-around deck overlooking Glenwood Avenue. Both units have central HVAC. The basement includes storage, and the roof has been replaced within the past three years, along with other updates.
For buyers or owner-operators, the duplex presents an income-focused structure with both units currently leased through 2027. The combination of classic architectural details, outdoor spaces at both units, and shared central HVAC supports a straightforward residential income setup within a maintained, recently roofed building.
Unit B provides additional space with a sunroom overlooking 39th Street. It includes spacious bedrooms, a kitchen, a dining room and living room with a fireplace, and a wrap-around deck overlooking Glenwood Avenue. Both units have central HVAC. The basement includes storage, and the roof has been replaced within the past three years, along with other updates.
For buyers or owner-operators, the duplex presents an income-focused structure with both units currently leased through 2027. The combination of classic architectural details, outdoor spaces at both units, and shared central HVAC supports a straightforward residential income setup within a maintained, recently roofed building.
Key Highlights
- 1900‑built corner‑lot duplex in Forest Park with character features including high ceilings, moldings, original hardwood flooring, and fireplaces
- Two‑bedroom unit A includes a private rear primary bath, front porch, and kitchen with laundry, quartz counters, newer dishwasher and refrigerator, plus access to a private fenced back yard
- Unit B offers extra space with a sunroom overlooking 39th Street and a wrap‑around deck overlooking Glenwood Ave with sunset views
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 | $33.4k | $12.12 |
| − Vacancy | −$3.1k | −$1.12 |
| EGI | $30.3k | $11.00 |
| − OpEx | −$9.1k | −$3.30 |
| NOI | $21.2k | $7.70 |
2,758 SF · lease $12.12/SF/yr · vacancy 9.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,244 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$284.1K
$248.6K – $331.5K
NOI $19,889 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$647.4K
$566.4K – $755.3K
NOI $45,315 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
TIS Construction
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Corner-lot duplex with character-rich interiors, fenced back yard, and two units leased through 2027.
Where is this duplex located?
The property is located at 925 39th S Street A & B Birmingham, AL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1900‑built corner‑lot duplex in Forest Park with character features including high ceilings, moldings, original hardwood flooring, and fireplaces; Two‑bedroom unit A includes a private rear primary bath, front porch, and kitchen with laundry, quartz counters, newer dishwasher and refrigerator, plus access to a private fenced back yard; Unit B offers extra space with a sunroom overlooking 39th Street and a wrap‑around deck overlooking Glenwood Ave with sunset views
