500 22nd St E · Jasper, AL 35501

$270,000

16 bd · 16.0 ba · 2,127 sqft · MultiFamily public records · 60 Days on market

Built 1916

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.2/30.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• Schools +3.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 4 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Located at 500 22nd Street E, this quadplex features four 1 bed / 1 bath units, offering strong income potential for investors or owner-occupants. Highlights: Prime downtown location within walking distance to shopping, dining, schools, and the library Income-producing property with long-term or short-term rental potential Well-maintained units with updates that appeal to tenants Great opportunity to expand your portfolio or house hack With Jasper’s growing downtown area, this property offers both immediate cash flow and long-term upside. Schedule your private showing today!

Key facts

• Built 1916
• Listed 59 days

Tags

• PRIME DOWNTOWN LOCATION
• INCOME PRODUCING PROPERTY
• LONG TERM RENTAL POTENTIAL
• SHORT TERM RENTAL POTENTIAL
• WELL MAINTAINED UNITS
• UPDATES THAT APPEAL TO TENANTS

What this means for you Summary

Snapshot

• This is a 4 × 1-bed/1-bath units multifamily listed at $270k.

Deal economics

• At list price, monthly cash flow is $687 ($8k/yr) — positive. Per door: $172/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $270k).
• Recommended offer: $262k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 3.8% in Jasper — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#228 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, schools D, crime F.
• Jasper City (town): math 27% / reading 55% proficiency, ranked #23 of 129 in AL (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 86 active listings in the ZIP; 36 units permitted in Walker County in 2024 (0 in 5+ unit buildings).
• At $2,899/mo this rent would consume 64% of the median local household income ($55k/yr) (locally 192% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Walker County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $76k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($262k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask has dropped $20k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $270k implies a 350% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $261,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1916 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 9.35%
• Cash-on-cash: 10.91%
• DSCR: 1.49
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-105
• Equity at exit: $40,258

10-year hold

• IRR: 9.6%
• Equity multiple: 1.74×
• Total profit: $55,783
• Equity at exit: $23,345

Cash invested: $75,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 35501

• Home prices YoY: -30.2%
• Active inventory: 86
• Price-to-rent: 31.0×

Monthly cashflow live

• Estimated rent: $2,899 high
• Mortgage (P&I): −$1,416
• Tax from tax record: −$75 /mo · $896/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$609
• Net cashflow: $687

Break-even live

Break-even rent $2,029

Max offer price $270,000

Occupancy floor 71%

Sensitivity live

Price	-10% $840	-5% $764	+0% $687	+5% $611	+10% $534
Rent	-10% $458	-5% $573	+0% $687	+5% $802	+10% $916
Rate	-1.0pp $823	-0.5pp $756	base $687	+0.5pp $617	+1.0pp $546

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	1	1	$2,900
Total (4 units)			$2,899

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Listing history 36 events

1. 2026-06-21
   days on market $270,000 Active 60 DOM
2. 2026-06-19
   days on market $270,000 Active 58 DOM
3. 2026-06-18
   days on market $270,000 Active 57 DOM
4. 2026-06-17
   days on market $270,000 Active 56 DOM
5. 2026-06-16
   days on market $270,000 Active 55 DOM
6. 2026-06-15
   days on market $270,000 Active 54 DOM
7. 2026-06-14
   days on market $270,000 Active 52 DOM
8. 2026-06-12
   days on market $270,000 Active 51 DOM
9. 2026-06-09
   days on market $270,000 Active 48 DOM
10. 2026-06-08
    days on market $270,000 Active 47 DOM
11. 2026-06-07
    days on market $270,000 Active 46 DOM
12. 2026-06-07
    days on market $270,000 Active 45 DOM
13. 2026-06-04
    pricedays on market $270,000 Active 42 DOM
14. 2026-06-02
    days on market $290,000 Active 41 DOM
15. 2026-06-01
    days on market $290,000 Active 40 DOM
16. 2026-05-31
    days on market $290,000 Active 39 DOM
17. 2026-05-31
    days on market $290,000 Active 38 DOM
18. 2026-04-22
    listed $290,000 Active 588-char remark

    Show marketing remark (588 chars)

    Located at 500 22nd Street E, this quadplex features four 1 bed / 1 bath units, offering strong income potential for investors or owner-occupants. Highlights: Prime downtown location within walking distance to shopping, dining, schools, and the library Income-producing property with long-term or short-term rental potential Well-maintained units with updates that appeal to tenants Great opportunity to expand your portfolio or house hack With Jasper’s growing downtown area, this property offers both immediate cash flow and long-term upside. Schedule your private showing today!

19. 2026-01-10
    price $289,000
20. 2025-10-15
    price $299,900
21. 2025-06-23
    price $310,000
22. 2025-06-23
    price $310,000
23. 2025-04-16
    price $327,000
24. 2025-04-15
    price $327,000
25. 2024-04-23
    price $224,900
26. 2024-02-06
    status Active
27. 2024-01-31
    historical Active Under Contract
28. 2024-01-19
    listed $234,900 Active
29. 2023-05-30
    soldstatus $60,000 Sold
30. 2023-05-30
    soldstatus $60,000
31. 2023-05-09
    historical Contingent
32. 2023-04-02
    price $69,000
33. 2023-04-01
    status Active
34. 2023-04-01
    historical
35. 2023-02-06
    price $73,000
36. 2022-09-12
    listed $79,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $896 · $75/mo
• Projected year-2 tax: $1,107 · $92/mo
• Expected delta: +$211/yr (+$18/mo · 23.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,788
• − Mortgage interest: −$15,124
• − Property taxes: −$896
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,783
• − Management: −$2,783
• − Depreciation: −$7,855
• Taxable income: $3,997
• Est. tax owed @ 24.0%: −$959
• After-tax cash flow: $7,286/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Jasper City
• NCES district ID: 0101890
• Math proficiency: 27% ▼ -23.00%
• Reading proficiency: 55% ▲ 3.00%
• Median HH income: $41,476
• Composite: 34.4/100
• National rank: #5204
• State rank: #23 of 129 in AL

Livability — Jasper

• Score: 62/100
• State rank: #228
• US rank: #17152

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D+ Housing A+ Health & safety F User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jasper, AL
• County: Walker County · 9,927 people
• City population: 9,927
• Metro: Jasper, AL
• Population (ZIP): 9,927
• Household income: $54,726
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 192.0

Population outlook (Walker County) Hauer SSP2

• Today (2025): 61,037 people
• By 2030: 58,391 · -4.3%
• By 2040: 53,080 · -13.0%
• By 2050: 48,031 · -21.3%
• By 2075: 37,799 · -38.1%
• By 2100: 29,001 · -52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 14% Hispanic / Latino 8% Two or more races 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 2% Serbian 1% Iranian 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 8%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+71.8) · D 13.8% · R 85.6%
• 2008→2024 swing: -25.4pp toward R · 2008: -46.4pp · 2024: -71.8pp
• All cycles: 2024: R+71.8 2020: R+67.9 2016: R+67.4 2012: R+52.9 2008: R+46.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.31%
• Current HPI: 180.8506
• Rent YoY: —
• Metro: Jasper, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+263.0% since first listed

19 events — show timeline

• 2026-04-22 Listed $290,000 Greater Alabama MLS
• 2026-01-10 Price Changed $289,000 Greater Alabama MLS
• 2025-10-15 Price Changed $299,900 Greater Alabama MLS
• 2025-06-23 Price Changed $310,000 Greater Alabama MLS
• 2025-06-23 Price Changed $310,000 Walker County Area MLS
• 2025-04-16 Price Changed $327,000 Greater Alabama MLS
• 2025-04-15 Price Changed $327,000 Walker County Area MLS
• 2024-04-23 Price Changed $224,900 Walker County Area MLS
• 2024-02-06 Relisted — Walker County Area MLS
• 2024-01-31 Contingent — Walker County Area MLS
• 2024-01-19 Listed $234,900 Walker County Area MLS
• 2023-05-30 Sold (Public Records) $60,000 Public Records
• 2023-05-30 Sold (MLS) $60,000 Greater Alabama MLS
• 2023-05-09 Contingent — Greater Alabama MLS
• 2023-04-02 Price Changed $69,000 Greater Alabama MLS
• 2023-04-01 Relisted — Greater Alabama MLS
• 2023-04-01 Delisted — Greater Alabama MLS
• 2023-02-06 Price Changed $73,000 Greater Alabama MLS
• 2022-09-12 Listed $79,900 Greater Alabama MLS

Property tax history

+7.8%/yr

Latest (2024): $896 · +82.1% YoY. Source: county tax records.