Renovated Duplex with Two 2BR
For Sale
$262,500
3600 McVay Street SW, Huntsville, AL 35805
MULTI_FAMILY - Huntsville, AL
Property Size1,579 SF
Lot Size0.25 Acres
Price / SF$166.24
Days on Market45
Property Features for 3600 McVay Street SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Multi Family
Parking
2
Parking features
Driveway
Fencing
Fenced
Appliances
Refrigerator, Dishwasher, Washer, Dryer, Disposal
Subdivision
A W Newson Mcclung
Elementary school
Ridgecrest
Middle school
Morris
High school
Columbia High
Directions
West On Drake, Right On Mcvay, Destination Is On The Left
Standard status
Active
APN
1702103004007000
Size
1,579 SF
Lot size
0.25 Acres
Utilities
Sewer type
Private Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Listing Agency:
5 Star Agency
(256) 617-1042
Listed By:
Sophia Edmonson · License #110331
(256) 361-7611
Added: Jun 18
Changed: Jul 28
Last Checked: Aug 1 at 10:06PM
MLS# 21912298
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Investment Insights
Based on property information with market context.
This renovated duplex is configured as two separate 2-bedroom, 1-bath units. The property has been renovated inside and out, and the seller notes that the roof was replaced in 2018. All appliances are included with the sale. One side is currently occupied at $1,000 per month, providing rental income for an owner-operator or investor while the other unit is available.
Located at 3600 Mcvay Street SW in Huntsville, Alabama 35805, the duplex sits on a 0.25-acre lot in Madison County. The property size is listed at 1,579 square feet.
For buyers seeking a straightforward residential income property, the unit-by-unit 2BR/1BA layout can support flexible occupancy and leasing plans. The included appliances and relatively recent roof replacement may reduce near-term maintenance concerns. With one unit already generating income, the property may appeal to investors looking for an immediately rent-ready component alongside a second unit.
Located at 3600 Mcvay Street SW in Huntsville, Alabama 35805, the duplex sits on a 0.25-acre lot in Madison County. The property size is listed at 1,579 square feet.
For buyers seeking a straightforward residential income property, the unit-by-unit 2BR/1BA layout can support flexible occupancy and leasing plans. The included appliances and relatively recent roof replacement may reduce near-term maintenance concerns. With one unit already generating income, the property may appeal to investors looking for an immediately rent-ready component alongside a second unit.
Key Highlights
- Fully renovated duplex, inside and out.
- One unit is already occupied and generating $1,000/month in rental income.
- Located in Huntsville, a market with strong job growth and housing demand.
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 | $19.9k | $12.60 |
| − Vacancy | −$3.4k | −$2.18 |
| EGI | $16.5k | $10.42 |
| − OpEx | −$4.9k | −$3.13 |
| NOI | $11.5k | $7.30 |
1,579 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$164.6K
$144.0K – $192.0K
NOI $11,519 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$142.5K
$124.7K – $166.2K
NOI $9,974 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$411.2K
$359.8K – $479.7K
NOI $28,782 @ 7.0% cap · market cap 10.96%
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
146
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 - Fully renovated duplex offers two 2BR/1BA units, with appliances included and roof replaced in 2018.
Where is this duplex located?
The property is located at 3600 McVay Street SW Huntsville, AL.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Fully renovated duplex, inside and out.; One unit is already occupied and generating $1,000/month in rental income.; Located in Huntsville, a market with strong job growth and housing demand.
