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 Market9
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
(256) 403-5097
Listed By:
Jeff Slick
(321) 890-9374
Source:
Exitrealty
Added: Sep 4
Changed: Sep 11
Last Checked: Sep 12 at 4:43AM
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
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 = 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
$8,247
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
4.83%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
