Duplex with Two
For Sale
$170,900
925 Jefferson Avenue, Anniston, AL 36207
Renovation-ready property near shopping, schools, employment, and major roadways in Anniston.
Property Size1,400 SF
Price / SF$122.07
Days on Market51
Property Features for 925 Jefferson Avenue
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC and updating
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
Freedom Realty, LLC
Listed By:
Jeff Slick
(321) 890-9374
Source:
Exitrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 6:46AM
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 Freedom Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1950, this duplex contains two separate residential units and requires TLC and updating. The property provides a renovation project for an owner planning to restore both sides for rental use or occupy one unit while leasing the other.
The home is located in Anniston with access to shopping, schools, employment, and major roadways. Its two-unit configuration supports flexible residential use, subject to applicable requirements and completed improvements.
The home is located in Anniston with access to shopping, schools, employment, and major roadways. Its two-unit configuration supports flexible residential use, subject to applicable requirements and completed improvements.
Key Highlights
- Two separate residential units
- Built in 1950
- Requires TLC and updating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,247
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,940
$164.9K
Cap Rate 7%
$117,814
$117.8K
Cap Rate 9%
$91,633
$91.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$12.6K $9.00/SF
− Vacancy
−$819 −$0.59/SF
EGI
$11.8K $8.42/SF
− OpEx
−$3.5K −$2.52/SF
NOI
$8.2K $5.89/SF
Area
Calhoun County, AL
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,940
Cap Rate 7%
$117,814
Cap Rate 9%
$91,633
Alternative Uses
Best Use
Multifamily LT 5
$117.8K
$103.1K – $137.5K
NOI $8,247 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$105.5K
$92.3K – $123.1K
NOI $7,383 @ 7.0% cap · market cap 4.32%
Theoretical Best
Healthcare Medical
$215.2K
$188.3K – $251.1K
NOI $15,066 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
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Business Placement
Demographics for 36207, AL
19,553
Population
9,260
Households
2.1
Avg Household Size
44
Median Age
32%
College-Educated
90%
High-School Grad
74.8 sq mi
ZIP Area
261
Density / Sq Mi
$70,090
Median Household Income
$39,898
Median Earnings
$890
Median Rent
$195,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Renovation-ready property near shopping, schools, employment, and major roadways in Anniston.
Where is this duplex located?
The property is located at 925 Jefferson Avenue Anniston, AL.
What is the asking price?
The asking price for this property is $170,900.
What are key features of this property?
This property features: Two separate residential units; Built in 1950; Requires TLC and updating
