Four-Unit Multifamily
1332 Oshaughnessy Avenue NE Huntsville, AL 35801
For Sale
$499,000
MULTI_FAMILY - Huntsville, AL
Property Size3,100 SF
Price / SF$160.97
Days on Market34
Property Features for 1332 Oshaughnessy Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Driveway
- Appliances
- Oven, Refrigerator, Dishwasher, Disposal
- Standard status
- Active
- APN
- 1309303010024.000
- Size
- 3,100 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1955
- Number of units
- 4
Listing Agency:
Keller Williams Horizon
(256) 801-2501
Listed By:
Pranteek Patnaik · License #83003
(256) 801-2501
Added: Jun 20
Last Checked: Jul 23 at 10:06PM
MLS# 21905734
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Investment Insights
Based on property information with market context.
This for-sale four-unit multiplex offers three 2-bedroom, 1-bath units and one end unit with 3 bedrooms and 1 bath. All units are equipped with full-size washer/dryer connections and include a refrigerator, range/oven, and dishwasher. The property also features rear-entry access for each unit, with separate rear kitchen entry points.
Located in the Huntsville Downtown Five Points District, the building is positioned for convenient access to Huntsville Hospital and major routes including 565, as well as Monte Sano Mountain, restaurants, shops, and other downtown amenities.
The ground-level configuration and the unit mix can fit tenants seeking traditional, apartment-style layouts with practical in-unit features. The building is fully occupied, and showings require 48 hours advance notice.
Located in the Huntsville Downtown Five Points District, the building is positioned for convenient access to Huntsville Hospital and major routes including 565, as well as Monte Sano Mountain, restaurants, shops, and other downtown amenities.
The ground-level configuration and the unit mix can fit tenants seeking traditional, apartment-style layouts with practical in-unit features. The building is fully occupied, and showings require 48 hours advance notice.
Key Highlights
- 4‑unit multiplex built in 1955 and currently fully occupied
- Unit mix: three 2‑bed, 1‑bath units plus one 3‑bed, 1‑bath end unit
- Each unit includes full‑size washer/dryer connections and kitchen appliances (refrigerator, range/oven, dishwasher, disposal)
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 | $39.1k | $12.60 |
| − Vacancy | −$6.8k | −$2.18 |
| EGI | $32.3k | $10.42 |
| − OpEx | −$9.7k | −$3.13 |
| NOI | $22.6k | $7.30 |
3,100 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.1K
$282.7K – $376.9K
NOI $22,615 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$279.7K
$244.8K – $326.4K
NOI $19,581 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$807.2K
$706.3K – $941.8K
NOI $56,507 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four fully occupied units offer in-unit laundry connections, appliances, and rear kitchen entry access.
Where is this quadplex located?
The property is located at 1332 Oshaughnessy Avenue NE Huntsville, AL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4‑unit multiplex built in 1955 and currently fully occupied; Unit mix: three 2‑bed, 1‑bath units plus one 3‑bed, 1‑bath end unit; Each unit includes full‑size washer/dryer connections and kitchen appliances (refrigerator, range/oven, dishwasher, disposal)
