Brick Fourplex with In-Unit
For Sale
$475,000
1511 Halston Circle, Huntsville, AL 35816
MULTI_FAMILY - Huntsville, AL
Property Size3,944 SF
Lot Size0.24 Acres
Price / SF$120.44
Days on Market38
Property Features for 1511 Halston Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
8
Parking features
Driveway
Appliances
Oven, Refrigerator, Dishwasher, W/D Hookup, Disposal, Electric Water Heater
Subdivision
Executive Hills
Elementary school
Highland Elementary
Middle school
Mcnair
High school
Jemison
Directions
L On Sparkman, L On Bonnell, R On Halston, Property On The Right.
Standard status
Active
Size
3,944 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
4
Listing Agency:
Holloway & Associates
(256) 852-3350
Listed By:
A. Karnice Holloway · License #51158
(256) 755-9196
Added: Jun 25
Last Checked: Aug 1 at 10:06PM
MLS# 21920997
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Investment Insights
Based on property information with market context.
This full-brick fourplex provides four separate units, each configured with 2 bedrooms and 2 bathrooms. The property includes washer/dryer connections in every unit. Interior renovations have been completed in the currently occupied unit. The roof is less than two years old, and HVAC systems were serviced within the last two years.
Located at 1511 Halston Circle in Huntsville, AL 35816 within Madison County, the property is being marketed as a for-sale investor opportunity. The building is currently 25% occupied, creating a stabilized-occupancy starting point for an operator seeking to bring additional units online. Showing requires 48-hour notice, and occupants must not be disturbed.
For investors or buyers evaluating residential income use, the consistent unit mix and recent building and systems maintenance are practical considerations. With 2 bed/2 bath floorplans throughout and shared laundry infrastructure via washer/dryer connections, the property offers straightforward leasing and resident experience. Proof of funds is required with all offers.
Located at 1511 Halston Circle in Huntsville, AL 35816 within Madison County, the property is being marketed as a for-sale investor opportunity. The building is currently 25% occupied, creating a stabilized-occupancy starting point for an operator seeking to bring additional units online. Showing requires 48-hour notice, and occupants must not be disturbed.
For investors or buyers evaluating residential income use, the consistent unit mix and recent building and systems maintenance are practical considerations. With 2 bed/2 bath floorplans throughout and shared laundry infrastructure via washer/dryer connections, the property offers straightforward leasing and resident experience. Proof of funds is required with all offers.
Key Highlights
- Full‑brick fourplex with 2BR/2BA units and washer/dryer hookups in each unit
- Currently 25% occupied, creating room to increase occupancy and future cash flow
- Recent interior renovations reported in the occupied unit
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 | $49.7k | $12.60 |
| − Vacancy | −$8.6k | −$2.18 |
| EGI | $41.1k | $10.42 |
| − OpEx | −$12.3k | −$3.13 |
| NOI | $28.8k | $7.30 |
3,944 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.0K
$359.7K – $479.5K
NOI $28,772 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$355.9K
$311.4K – $415.2K
NOI $24,913 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.03M
$898.6K – $1.20M
NOI $71,891 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
25%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
Demographics for 35816, AL
15,035
Population
7,972
Households
1.9
Avg Household Size
28
Median Age
27%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,948
Density / Sq Mi
$38,947
Median Household Income
$28,060
Median Earnings
$875
Median Rent
$114,100
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-unit rental property with 2 bed/2 bath layouts and washer/dryer connections, currently partially occupied.
Where is this quadplex located?
The property is located at 1511 Halston Circle Huntsville, AL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Full‑brick fourplex with 2BR/2BA units and washer/dryer hookups in each unit; Currently 25% occupied, creating room to increase occupancy and future cash flow; Recent interior renovations reported in the occupied unit
