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    Northport, AL Fosters, AL Coker, AL Duncanville, AL Buhl, AL Moundville, AL Ralph, AL Cottondale, AL
    Tuscaloosa Triplex: Investment Opportunity
    Updated: Sep 23, 2025
    Tuscaloosa Triplex: Investment Opportunity

    623 38th Street, Tuscaloosa, AL 35405

    $219,900
    2,482 sqft
    100% Occupied Triplex: Provides immediate rental income.
    Strong Income Potential: Generates $22,200 annually with a 7% Cap Rate.
    Three 2‑Bedroom Units: Offers a desirable unit configuration.
    Recent Upgrades: New refrigerators and stoves in all units. Granite countertops in one unit.
    Dedicated Off‑Street Parking: Each unit has two dedicated parking spaces.
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    This listing looks promising.

    Here's a quick look at some key insights for

    623 38th Street, Tuscaloosa, AL 35405

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $20K
      Annual

    • Price @ 7% Cap

      $288K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1970
    View Property Analytics
    Tuscaloosa Triplex: Investment Opportunity
    Updated: May 11, 2021
    Tuscaloosa Triplex: Investment Opportunity

    623 38th Street, Tuscaloosa, AL 35405

    $219,900
    2,482 sqft
    100% Occupied Triplex: Immediate income generation.
    Strong Income: Gross rents of $1850/month ($22,200 annually).
    Three 2‑Bedroom Units: Six bedrooms and three bathrooms total.
    Recent Upgrades: New appliances, one unit completely remodeled with granite countertops.
    Dedicated Parking: Each unit includes two dedicated off‑street parking spaces.
    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Tuscaloosa, AL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Renovated Triplex with 3 Units
    Fully Renovated Triplex with 3 Units

    1742 17TH STREET, Birmingham, AL 35204

    $349,900

    Three fully renovated tenant-occupied units, including a studio, den, and larger three-bedroom layout.

    View details
    Fully Renovated Triplex with 3 Tenants
    Fully Renovated Triplex with 3 Tenants

    1742 17th N Street, Birmingham, AL 35204

    $349,900
    2,430 sqft

    Fully renovated triplex with three tenant-occupied units, offering immediate rental income and a mix of unit types.

    View details
    Jasper Triplex with Three Units
    Jasper Triplex with Three Units

    605 18th E Street, Jasper, AL 35501

    $179,000
    2,657 sqft

    Triplex in Jasper with three units and ample parking.

    View details
    All-Brick Income Triplex
    All-Brick Income Triplex

    605 18TH STREET, Jasper, AL 35501

    $179,000

    Three-unit legal duplex setup with one vacant unit, plus carport parking for up to six vehicles.

    View details

    Off-Market Properties in Tuscaloosa, AL

    Consider similar Off-Market properties in Tuscaloosa, AL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    467 30th Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    467 30th Pl, Tuscaloosa, AL 35401-7332

    Value Estimation by Request
    2,429 sqft
    View details

    Tuscaloosa, AL Triplexes Market Trends and Statistics

    Explore 3 triplexes for sale in Tuscaloosa, AL on our real estate platform. These investment opportunities span a total of 4,964 square feet of properties for sale, with an estimated market value of $439,800.

    Sale prices for three-family homes in Tuscaloosa, AL start at $219,900, averaging $219,900, and reaching up to $219,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 9
    Duplexes 9
    Short term rental properties 3
    Triplexes 2

    Demographics Overview

    Population 133K
    Population Growth (5Y) +6.7%
    Median Household Income $56,951
    College Educated 22.0%

    High-Yield Neighborhoods for Investment

    Identify Tuscaloosa submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    35405 $219.9K
    35401 $2.3M

    Taxes & Financing

    Tax Rate (average for all types) 4.42%
    Property Tax per SF $70.50 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tuscaloosa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Tuscaloosa County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Tuscaloosa fall within the 10,000 to 25,000 square foot range.

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