Huntsville Multifamily Investment
For Sale
$575,000
4100 Broyles Avenue, Huntsville, AL 35805
MULTI_FAMILY - Huntsville, AL
Property Size5,616 SF
Lot Size0.45 Acres
Price / SF$102.39
Days on Market177
Property Features for 4100 Broyles Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
16
Parking features
Driveway
Subdivision
Patton Meadows
Elementary school
Ridgecrest
Middle school
Westlawn
High school
Columbia High
Directions
Going West On Drake, Turn Left Onto Patton Road, Left Onto Broyles Avenue, And Property Will Be On The Left.
Standard status
Active
Size
5,616 SF
Lot size
0.45 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1964
Number of units
8
Listing Agency:
Rosenblum Realty, Inc.
(256) 539-9501
Listed By:
Kristin Milam · License #145729
(256) 425-2549
Added: Feb 6
Changed: May 14
Last Checked: Aug 2 at 3:06AM
MLS# 21908917
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Investment Insights
Based on property information with market context.
This multifamily property in Huntsville, Alabama, presents an investment opportunity with potential for increased income. The property comprises 8 units, including 5 one-bedroom and 3 two-bedroom configurations. Situated in close proximity to Redstone Arsenal, the location also offers convenient access to shopping, dining, Memorial Parkway, 565, and downtown Huntsville. The roof was replaced in 2015. Some units feature updated LVP flooring and new paint. The property occupies a 0.45-acre lot. The building size is 5,616 square feet.
Key Highlights
- Investment property with potential to increase income value.
- 8 total units: Featuring 5 one‑bedroom and 3 two‑bedroom units.
- Close proximity to Redstone Arsenal, shopping, and dining.
Financial Insights For Apartment 5plus
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 | $78.8k | $14.04 |
| − Vacancy | −$14.4k | −$2.56 |
| EGI | $64.5k | $11.48 |
| − OpEx | −$29.0k | −$5.17 |
| NOI | $35.5k | $6.32 |
5,616 SF · lease $14.04/SF/yr · vacancy 18.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$506.8K
$443.4K – $591.2K
NOI $35,474 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,368 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
164
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with income potential near Redstone Arsenal.
Where is this apartment building located?
The property is located at 4100 Broyles Avenue Huntsville, AL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Investment property with potential to increase income value.; 8 total units: Featuring 5 one‑bedroom and 3 two‑bedroom units.; Close proximity to Redstone Arsenal, shopping, and dining.
