Ground-Level
For Sale
$499,000
1332 Oshaughnessy Avenue NE, Huntsville, AL 35801
Residential Income, Huntsville, AL
Property Size3,100 SF
Lot Size0.22 Acres
Price / SF$160.97
Days on Market80
Property Features for 1332 Oshaughnessy Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
8
Parking features
Driveway
Appliances
Oven, Refrigerator, Dishwasher, Disposal
Subdivision
Fairview
Elementary school
Blossomwood
Middle school
Huntsville
High school
Huntsville
Directions
5 Points Community - Andrew Jackson, East On O'shaughnessy Avenue, Property Near Corner Of Windham Street And O'shaughnessy Avenue.
Standard status
Active
APN
1309303010024.000
Size
3,100 SF
Lot size
0.22 Acres
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 · Keller Williams Realty
(256) 801-2501
Listed By:
Pranteek Patnaik · License #83003
(256) 694-0117
Added: Jun 20
Changed: Aug 26
Last Checked: Sep 7 at 11:06AM
MLS# 21905734
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,100-square-foot quadplex contains four residential units arranged on a single level. Three apartments provide two bedrooms and one bathroom each, while the remaining unit includes three bedrooms and one bathroom. Every unit has full-size washer and dryer connections, a refrigerator, range/oven, dishwasher, and a separate rear kitchen entry. Central heating and central air serve the building.
The property occupies 0.2204 acres at 1332 Oshaughnessy Avenue NE in Huntsville’s Downtown Five Points District. Huntsville Hospital, I-565, Monte Sano Mountain, restaurants, shops, and downtown destinations are identified nearby. Public water and public sewer serve the property, with driveway parking available. Built in 1955, the building is fully occupied, and showings require 48 hours’ advance notice.
The property occupies 0.2204 acres at 1332 Oshaughnessy Avenue NE in Huntsville’s Downtown Five Points District. Huntsville Hospital, I-565, Monte Sano Mountain, restaurants, shops, and downtown destinations are identified nearby. Public water and public sewer serve the property, with driveway parking available. Built in 1955, the building is fully occupied, and showings require 48 hours’ advance notice.
Key Highlights
- Four ground‑level units in a 3,100‑square‑foot quadplex
- Unit mix includes 3 two‑bedroom, one‑bath units and 1 three‑bedroom, one‑bath unit
- 0.2204‑acre property at 1332 Oshaughnessy Avenue NE, Huntsville, AL 35801
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
$22,615
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
4.53%
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%
$452,300
$452.3K
Cap Rate 7%
$323,071
$323.1K
Cap Rate 9%
$251,278
$251.3K
Market Conditions
NOI Build-Up for 3,100 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
$39.1K $12.60/SF
− Vacancy
−$6.8K −$2.18/SF
EGI
$32.3K $10.42/SF
− OpEx
−$9.7K −$3.13/SF
NOI
$22.6K $7.30/SF
Area
Huntsville, AL
Vacancy
17.29%
Lease Rate
$12.60 /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%
$452,300
Cap Rate 7%
$323,071
Cap Rate 9%
$251,278
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer individual rear kitchen entries, laundry hookups, and included kitchen appliances.
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: Four ground‑level units in a 3,100‑square‑foot quadplex; Unit mix includes 3 two‑bedroom, one‑bath units and 1 three‑bedroom, one‑bath unit; 0.2204‑acre property at 1332 Oshaughnessy Avenue NE, Huntsville, AL 35801
