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    Brick 4-Plex on Corner Lot Title is generated by Realmo AI

    4507 Andros Drive, Huntsville, AL 35805

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    For Sale
    $315,000

    MULTI_FAMILY - Huntsville, AL

    Property size:
    3,560 SF
    Lot size:
    0.47 Acres
    Price / SF:
    $88/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 4507 Andros Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    4
    Parking features
    Driveway
    Appliances
    Oven, Refrigerator
    Standard status
    Active
    APN
    1706143003006000
    Size
    3,560 SF
    Lot size
    0.47 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    4

    We can help!

    Listing Contact
    Seth Swalve

    Listing agent Seth Swalve License #169613

    Listing office Capstone Realty LLC Huntsville 3306 Governors Drive SW, Huntsville, AL

    Listing date Jun 2, 2026

    MLS# 21919732 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.

    HighLights

    • Single‑level, full‑brick 4‑plex on a corner lot
    • Four units total, each with 2 bed and 1 bath layout
    • 3 of the 4 units have had some updates
    • Apartment B is available for showings; do not disturb other tenants
    • Each unit served by public water and public sewer
    • Heating is central with natural gas; central air cooling; includes oven and refrigerator

    Overview

    This full-brick, single-level 4-plex is situated on a corner lot and consists of four 2-bedroom, 1-bath units. The property provides a straightforward income setup, with three of the four units having had some updates. The remaining unit, Apartment B, is available for showings. The seller requests that other tenants are not disturbed.

    The building is positioned on a corner lot, offering additional site flexibility for an addition structure to be added. With two long-term tenants already in place and a record of zero problems of payment, the property may appeal to buyers looking for a stable, owner-occupied-style investment.

    For investors or owner-operators, the unit mix and recurring 2 bed/1 bath layout can simplify leasing and operations. Recent updates in most units may also support ongoing rentability, while the available unit provides an opportunity to evaluate current condition and finishes during showings. The property’s configuration and layout make it well-suited for those seeking a residential income asset in a manageable, single-level format.

    Local 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 $44.9k $12.60
    − Vacancy −$7.8k −$2.18
    EGI $37.1k $10.42
    − OpEx −$11.1k −$3.13
    NOI $26.0k $7.30
    3,560 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $371.0K
    $324.6K – $432.8K (±1% cap)
    NOI $25,970 @ 7.0% cap · market cap 8.24%
    Second Best
    Apartment 5plus
    $321.2K
    $281.1K – $374.8K (±1% cap)
    NOI $22,487 @ 7.0% cap · market cap 7.14%
    Theoretical Best
    Office A
    $927.0K
    $811.2K – $1.08M (±1% cap)
    NOI $64,892 @ 7.0% cap · market cap 20.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.609552
    Latitude
    34.684759

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    FAQs

    What type of property is this?
    Quadplex - Single-level, full-brick 4-plex with partially updated units and an available showing for Apartment B.
    Where is this quadplex located?
    The property is located at 4507 Andros Drive Huntsville, AL.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Single‑level, full‑brick 4‑plex on a corner lot; Four units total, each with 2 bed and 1 bath layout; 3 of the 4 units have had some updates
    (256) 736-4001
    We can help!
    Listing Contact
    Seth Swalve
    Real Estate License ID: 169613
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    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
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