Upgraded Brick
For Sale
$450,000
1500 Ascent Trail, Huntsville, AL 35806
MULTI_FAMILY - Huntsville, AL
Property Size4,074 SF
Lot Size0.29 Acres
Price / SF$110.46
Days on Market38
Property Features for 1500 Ascent Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
6
Parking features
Parking Lot, Driveway
Appliances
Oven, Refrigerator, W/D Hookup
Subdivision
Executive Hills
Elementary school
Highland Elementary
Middle school
Mcnair
High school
Jemison
Directions
From University Drive North On Sparkman R Bonnel R Ascent Trail Bldg On Left
Standard status
Active
APN
1408283003071.000
Size
4,074 SF
Lot size
0.29 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
4
Listing Agency:
David Frederick Realty
(256) 539-5393
Listed By:
David Frederick · License #53565
(256) 990-2605
Added: Jul 24
Changed: Aug 18
Last Checked: Aug 30 at 1:06AM
MLS# 21924652
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 4,074-square-foot quadplex contains four two-bedroom, two-full-bath units on a 0.2893-acre parcel. The property has brick construction and a range of recent improvements, including new windows, decks, exterior work, select LVP flooring, updated lighting, replaced GFCIs, and water-heater piping. Each unit includes an oven, refrigerator, and washer/dryer hookup.
Central electric heating and central air conditioning serve the building. Parking is provided through an on-site lot and driveway, with public water and public sewer connections. The property is located at 1500 Ascent Trail in Huntsville, Alabama, within Madison County.
Central electric heating and central air conditioning serve the building. Parking is provided through an on-site lot and driveway, with public water and public sewer connections. The property is located at 1500 Ascent Trail in Huntsville, Alabama, within Madison County.
Key Highlights
- Four‑unit quadplex with 4,074 square feet of building area
- Each unit offers 2 bedrooms and 2 full baths
- Brick construction on a 0.2893‑acre parcel
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
$29,720
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
6.60%
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%
$594,400
$594.4K
Cap Rate 7%
$424,571
$424.6K
Cap Rate 9%
$330,222
$330.2K
Market Conditions
NOI Build-Up for 4,074 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
$51.3K $12.60/SF
− Vacancy
−$8.9K −$2.18/SF
EGI
$42.5K $10.42/SF
− OpEx
−$12.7K −$3.13/SF
NOI
$29.7K $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%
$594,400
Cap Rate 7%
$424,571
Cap Rate 9%
$330,222
Alternative Uses
Best Use
Multifamily LT 5
$424.6K
$371.5K – $495.3K
NOI $29,720 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$367.6K
$321.7K – $428.9K
NOI $25,734 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.06M
$928.3K – $1.24M
NOI $74,261 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 35806, AL
25,702
Population
14,398
Households
1.8
Avg Household Size
36
Median Age
60%
College-Educated
97%
High-School Grad
25.4 sq mi
ZIP Area
1,012
Density / Sq Mi
$79,338
Median Household Income
$50,458
Median Earnings
$1,287
Median Rent
$318,800
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 feature two-bedroom, two-bath layouts with central HVAC and on-site parking.
Where is this quadplex located?
The property is located at 1500 Ascent Trail Huntsville, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4,074 square feet of building area; Each unit offers 2 bedrooms and 2 full baths; Brick construction on a 0.2893‑acre parcel
