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Four-Unit Quadplex with Exterior Upgrades
For Sale
$590,000

2422 Wynterhall Road SE, Huntsville, AL 35803

Residential Income, Huntsville, AL

Property Size3,416 SF
Lot Size0.32 Acres
Price / SF$172.72
Days on Market141

Property Features for 2422 Wynterhall Road SE

General Information

Property type Residential Multi Family
Property subtype Other
Parking 8
Parking features Driveway
Appliances Oven, Refrigerator, Dishwasher, W/D Hookup, Electric Water Heater
Subdivision Sugar Mill
Elementary school Challenger
Middle school Challenger
High school Grissom High School
Directions From Memorial Parkway, East On Hobbs Road, Right On Chaney Thompson, Right Onto Wynterhall. Building On Corner Of Cheney Thompson And Wynterhall.
Standard status Active
APN 2303083002041.000
Size 3,416 SF
Lot size 0.32 Acres

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1984
Number of units 4
Listing Agency: Empire Property Management
Listed By: Julie Orth · License #100095
Added: May 21 Changed: Sep 7 Last Checked: Oct 8 at 8:06AM
MLS# 21918750

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Investment Insights

Based on property information with market context.

This four-unit quadplex contains 3,416 square feet within a 0.322-acre parcel and was built in 1984. Each residence offers two bedrooms and two bathrooms, with fresh paint throughout the units. Exterior balconies and stairs were upgraded last year, adding updated access features to the building.

Located at 2422 Wynterhall Road SE in Huntsville, the property includes driveway parking, central heating, central air, public water, and public sewer. Unit appliances and hookups include ovens, refrigerators, dishwashers, electric water heaters, and washer/dryer connections.

Key Highlights

  • Four units, each with 2 bedrooms and 2 bathrooms
  • 3,416 square feet on a 0.322‑acre lot
  • Exterior balconies and stairs upgraded last year

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$24,920
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,400 $498.4K
Cap Rate 7%
$356,000 $356.0K
Cap Rate 9%
$276,889 $276.9K
Market Conditions
NOI Build-Up for 3,416 SF
Gross rent
$43.0K $12.60/SF
− Vacancy
−$7.4K −$2.18/SF
EGI
$35.6K $10.42/SF
− OpEx
−$10.7K −$3.13/SF
NOI
$24.9K $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 Rate 5%
$498,400
Cap Rate 7%
$356,000
Cap Rate 9%
$276,889

Alternative Uses

Best Use
Multifamily LT 5
$356.0K
$311.5K – $415.3K (±1% cap)
NOI $24,920 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$308.2K
$269.7K – $359.6K (±1% cap)
NOI $21,577 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$889.5K
$778.3K – $1.04M (±1% cap)
NOI $62,267 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Spa & Massage Center Nail Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

95
Businesses Nearby

Demographics for 35803, AL

29,001
Population
13,272
Households
2.2
Avg Household Size
43
Median Age
54%
College-Educated
96%
High-School Grad
49.2 sq mi
ZIP Area
589
Density / Sq Mi
$95,182
Median Household Income
$53,416
Median Earnings
$1,221
Median Rent
$259,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four two-bedroom, two-bath residences include fresh paint and central HVAC.
Where is this quadplex located?
The property is located at 2422 Wynterhall Road SE Huntsville, AL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; 3,416 square feet on a 0.322‑acre lot; Exterior balconies and stairs upgraded last year
More about this property
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