Updated Duplex with Shotgun
For Sale
$229,900
2911 8th Avenue, Huntsville, AL 35805
MULTI_FAMILY - Huntsville, AL
Property Size1,901 SF
Lot Size0.17 Acres
Price / SF$120.94
Days on Market61
Property Features for 2911 8th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
On Street, Driveway
Appliances
Oven, Refrigerator, Washer, Dryer
Subdivision
Pratt
Elementary school
Morris
Middle school
Morris
High school
Columbia High
Directions
West On Governors Drive Left On Seminole Drive, Right On 8th.
Standard status
Active
APN
1701023004023000
Size
1,901 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Bert Klimer · License #92866
(256) 656-3759
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 11 at 8:06AM
MLS# 21920694
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 duplex at 2911 8th Avenue in Huntsville offers a “shotgun” layout and updates made to both sides a few years ago. Interiors include tile in the bathrooms and kitchens, along with appliances, countertops, and vanities. The layout could potentially be used as two bedrooms. The property is being sold AS IS.
The home sits on a 0.17-acre lot with public water and public sewer. Heating is electric, and cooling is provided by window unit(s). Parking includes a driveway and on-street spaces.
Conveniently located to Lowe Mill and Stovehouse, with access to Campus 805 and Memorial Parkway nearby.
The home sits on a 0.17-acre lot with public water and public sewer. Heating is electric, and cooling is provided by window unit(s). Parking includes a driveway and on-street spaces.
Conveniently located to Lowe Mill and Stovehouse, with access to Campus 805 and Memorial Parkway nearby.
Key Highlights
- 0.17‑acre lot
- 1,901 SF duplex
- Year built 1945
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
$13,868
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
6.03%
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%
$277,360
$277.4K
Cap Rate 7%
$198,114
$198.1K
Cap Rate 9%
$154,089
$154.1K
Market Conditions
NOI Build-Up for 1,901 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
$24.0K $12.60/SF
− Vacancy
−$4.1K −$2.18/SF
EGI
$19.8K $10.42/SF
− OpEx
−$5.9K −$3.13/SF
NOI
$13.9K $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 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%
$277,360
Cap Rate 7%
$198,114
Cap Rate 9%
$154,089
Alternative Uses
Best Use
Multifamily LT 5
$198.1K
$173.4K – $231.1K
NOI $13,868 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$171.5K
$150.1K – $200.1K
NOI $12,008 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$495.0K
$433.1K – $577.5K
NOI $34,651 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
Explore this area
Business Placement
Demographics for 35805, AL
23,189
Population
10,618
Households
2.2
Avg Household Size
31
Median Age
18%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
2,521
Density / Sq Mi
$31,247
Median Household Income
$26,824
Median Earnings
$800
Median Rent
$108,200
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?
Duplex - Updated duplex near Lowe Mill and West Huntsville with public water and sewer and electric heating.
Where is this duplex located?
The property is located at 2911 8th Avenue Huntsville, AL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 0.17‑acre lot; 1,901 SF duplex; Year built 1945
