Four-Plex and Duplex
1816 SW Glenn Street Decatur, AL 35603
New
1816 SW Glenn Street, Decatur, AL, 35603
$400,000
For Sale
$400,000
MULTI_FAMILY - Decatur, AL
Property Size3,448 SF
Lot Size0.25 Acres
Price / SF$116.01
Days on Market2
Property Features for 1816 SW Glenn Street
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, Electric Water Heater
- Standard status
- Active
- APN
- 02 07 36 3 000 005.010
- 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 Agency
Gateway Al Realty Group LLC
(256) 509-2078
1200 Winner Ave, AL
Listed by
Len Johnson · License #40398
(256) 509-2078
Added: Jul 16 Checked: Jul 17 at 1:06 pm
MLS# 21879318
Listing URL
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Investment Insights
Based on property information with market context.
This for-sale portfolio is offered as an estate sale and is not available individually. The package includes three 4-plexes and one duplex, totaling 14 units, and is reported as 100% occupied. The properties are described as occupied or rent ready and in good condition, with no deferred maintenance.
The portfolio includes four addresses in Decatur, Alabama: 1816 SW Glenn Street, 1803 Graymont Lane, 1809 Windover Place, and 202 Somerville Road. Tenants are stated to pay electric, and the owner pays water. The listing notes no showings until under contract, and requests that tenants not be disturbed.
A buyer should review the package as a combined investment offering, with the rent status and utilities expense responsibility specified for the units in the portfolio.
The portfolio includes four addresses in Decatur, Alabama: 1816 SW Glenn Street, 1803 Graymont Lane, 1809 Windover Place, and 202 Somerville Road. Tenants are stated to pay electric, and the owner pays water. The listing notes no showings until under contract, and requests that tenants not be disturbed.
A buyer should review the package as a combined investment offering, with the rent status and utilities expense responsibility specified for the units in the portfolio.
Key Highlights
- 14‑unit portfolio offered at $1,450,000
- 100% occupied with all units rent‑ready and in good condition
- No deferred maintenance
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 |
3,448 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.2K
$355.4K – $473.9K
NOI $28,435 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$375.1K
$328.2K – $437.6K
NOI $26,255 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$717.3K
$627.7K – $836.9K
NOI $50,214 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Portfolio includes three 4-plexes and one duplex totaling 14 units, all occupied and in good condition.
Where is this quadplex located?
The property is located at 1816 SW Glenn Street Decatur, AL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 14‑unit portfolio offered at $1,450,000; 100% occupied with all units rent‑ready and in good condition; No deferred maintenance
