Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    415 2Nd Ave SE Hamilton, AL 35570

    View on Map
    Sponsored
    For Sale
    $300,000

    MULTI_FAMILY - Hamilton, AL

    Property size:
    3,000 SF
    Lot size:
    0.80 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 10 at 4:06 am

    Property Features for 415 2Nd Ave SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking
    4
    Parking features
    Parking Lot
    Appliances
    Oven, Refrigerator, Washer, Dryer
    Size
    3,000 SF
    Lot size
    0.80 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wall Furnace
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    4

    We can help!

    Listing Contact
    Sherry Pruitt
    Sherry Pruitt

    Sherry Pruitt Real Estate (205) 570-2345

    Listing agent Sherry Pruitt (205) 570-2345 License #117944

    Listing date Mar 9, 2026

    MLS# 21911684 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Hamilton, AL Multifamily Property

    This multifamily property is located in Hamilton, Alabama. The property has a size of 3000 square feet and is situated on a 0.8-acre lot. It is listed for sale and identified as a quadplex and residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Marion
    State
    Alabama
    Longitude
    -87.983469
    Latitude
    34.139827

    Nearby Similar for Sale

    • $369,900
      7,930 SF

      Hamilton Commercial Property with Apartment

      7,900+ sqft commercial space with 1,500 sqft apartment.
      1850 County Rd 35, Hamilton, AL 35570
      View Details
    • $70,000
      1,100 SF

      Hamilton Office Space For Sale

      Well-maintained office space in a high-traffic area of Hamilton.
      281 Military St S, Hamilton, AL 35570
      View Details
    • $297,000
      3,000 SF

      Remodeled Hamilton Fourplex: Turnkey Investment

      Fully remodeled fourplex in Hamilton, Alabama, ready for immediate rental.
      145 Dutch Ave, Hamilton, AL 35570
      View Details
    • $220,000
      4,000 SF

      Hamilton, AL Commercial Property

      Commercial property in Hamilton, Alabama, featuring 4,000 square feet.
      26210 Us Highway 43, Hamilton, AL 35570
      View Details
    • $399,900
      9,000 SF

      Hamilton Commercial Flex Space For Sale

      9000 SF flex space on 5 acres in Hamilton, AL.
      1600 Military St N, Hamilton, AL 35570
      View Details
    • $399,900

      Versatile Flex Space on 5 Acres

      9000 sq ft flex building ideal for various business uses.
      1600 Military St N, Hamilton, AL 35570
      View Details
    • Contact for pricing

      Versatile Multi-Use Building in Hamilton

      2495 sq ft multi-use building in the heart of Hamilton.
      115 2Nd Ave Se, Hamilton, AL 35570
      View Details
    • $329,000
      3,720 SF

      Hamilton Commercial Building - Huge Potential

      Spacious multi-use building, prime location, great access.
      2896 Bexar Ave, Hamilton, AL 35570
      View Details
    • $999,900
      15.00 Acres

      Hamilton Commercial Land - 15 Acres

      Prime Hamilton acreage, I-access & river views.
      County Highway 35, Hamilton, AL 35570
      View Details
    • $145,000
      1,178 SF

      Hamilton Commercial Building - Prime Location

      Dr.'s Office, 1178 sq ft, 0.5 acre lot
      206 Bexar Ave, Hamilton, AL 35570
      View Details
    • $59,900
      640 SF

      Downtown Hamilton Commercial Space

      Remodeled 640 sq ft commercial building
      1St St, Hamilton, AL 35570
      View Details
    • $237,000
      1,500 SF

      Hamilton Commercial Property Investment

      Prime Hamilton location, two buildings, endless potential.
      1897 Military St, Hamilton, AL 35570
      View Details

    FAQs

    What type of property is this?
    Quadplex - Multifamily property for sale in Hamilton, Alabama.
    Where is this quadplex located?
    The property is located at 415 2Nd Ave SE Hamilton, AL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Appliances included: Oven, Refrigerator, Washer, and Dryer; - Wall Furnace Heating; - Wall Unit(s) Cooling
    (205) 570-2345
    Request Owner's contact information
    415 2Nd Ave SE Hamilton, AL 35570
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    415 2Nd Ave SE
    Hamilton, AL 35570
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    415 2Nd Ave SE Hamilton, AL 35570
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sherry Pruitt
    Sherry Pruitt
    Real Estate License ID: 117944
    (205) 570-2345
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!