1803 Graymont Lane, Decatur, AL 35603
MULTI_FAMILY - Decatur, AL
- Added:
- Mar 26, 2026
- Days on Market:
- 94
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 1803 Graymont Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Off Street
- Patio and Porch features
- Patio, Porch
- Exterior features
- Balcony
- Appliances
- Oven, Refrigerator, Dishwasher, W/D Hookup
- Standard status
- Active
- APN
- 02 07 36 3 000 005.013
- Size
- 3,448 SF
- Lot size
- 0.25 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Number of units
- 4
Listing agent Len Johnson License #40398 (256) 509-2078
Listing office Gateway Al Realty Group LLC 1200 Winner Ave, AL (256) 509-2078
Listing date Mar 26, 2026
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HighLights
- 14‑unit rental portfolio: three 4‑plexes and one duplex (package price $1,450,000)
- All properties are occupied and in good condition with no deferred maintenance reported
- Portfolio includes 1816 Glenn St, 1803 Graymont Ln, 1809 Windover Pl, and 202 Somerville Rd (Decatur, AL)
- Tenants pay electric; owner pays water and trash
- Each unit includes central heating and central air, plus appliances such as oven, refrigerator, and dishwasher
- Parking on‑site with off‑street parking; exterior features include balcony, porch, and patio
Overview
Local 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 | $43.4k | $12.60 |
| − Vacancy | −$2.8k | −$0.82 |
| EGI | $40.6k | $11.78 |
| − OpEx | −$12.2k | −$3.53 |
| NOI | $28.4k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -87.015214
- Latitude
- 34.564819
