4-Unit Quadplex with
For Sale
$405,000
4913 Cotton Row NW, Huntsville, AL 35816
Residential Income, Huntsville, AL
Property Size3,384 SF
Lot Size0.32 Acres
Price / SF$119.68
Days on Market71
Property Features for 4913 Cotton Row NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Off Street, Driveway, Parking Lot
Subdivision
Cotton Row Estates
Elementary school
Highland Elementary
Middle school
Mcnair
High school
Jemison
Directions
North On Sparkman Drive, Left On Cotton Row, Building On Left
Standard status
Active
APN
1409290001090000
Size
3,384 SF
Lot size
0.32 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1984
Number of units
4
Listing Agency:
Siven Realty
Listed By:
Ken Roper · License #76519
(256) 658-9196
Added: Jul 8
Changed: Sep 12
Last Checked: Sep 16 at 4:06AM
MLS# 21909878
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Investment Insights
Based on property information with market context.
This 3384-square-foot quadplex, built in 1984, contains four separate units. Each unit includes two bedrooms, one full bathroom, and a storage room. The property is being sold in as-is condition and is served by public water and public sewer. Site features include a driveway, parking lot, and off-street parking, with landscaped grounds serving the building.
Located at 4913 Cotton Row NW in Huntsville, the property is near UAH, Oakwood University, Mid-City, and I-565. Its 0.32-acre parcel supports the existing multifamily improvements and on-site parking configuration.
Located at 4913 Cotton Row NW in Huntsville, the property is near UAH, Oakwood University, Mid-City, and I-565. Its 0.32-acre parcel supports the existing multifamily improvements and on-site parking configuration.
Key Highlights
- 4‑unit quadplex with 3384 square feet
- Each unit has 2 bedrooms, 1 full bath, and a storage room
- Built in 1984 on a 0.32‑acre parcel
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
$24,686
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
6.10%
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%
$493,720
$493.7K
Cap Rate 7%
$352,657
$352.7K
Cap Rate 9%
$274,289
$274.3K
Market Conditions
NOI Build-Up for 3,384 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
$42.6K $12.60/SF
− Vacancy
−$7.4K −$2.18/SF
EGI
$35.3K $10.42/SF
− OpEx
−$10.6K −$3.13/SF
NOI
$24.7K $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%
$493,720
Cap Rate 7%
$352,657
Cap Rate 9%
$274,289
Alternative Uses
Best Use
Multifamily LT 5
$352.7K
$308.6K – $411.4K
NOI $24,686 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$305.4K
$267.2K – $356.3K
NOI $21,375 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$881.2K
$771.1K – $1.03M
NOI $61,684 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 35816, AL
15,035
Population
7,972
Households
1.9
Avg Household Size
28
Median Age
27%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,948
Density / Sq Mi
$38,947
Median Household Income
$28,060
Median Earnings
$875
Median Rent
$114,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each unit offers two bedrooms, a full bath, and a dedicated storage room.
Where is this quadplex located?
The property is located at 4913 Cotton Row NW Huntsville, AL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 4‑unit quadplex with 3384 square feet; Each unit has 2 bedrooms, 1 full bath, and a storage room; Built in 1984 on a 0.32‑acre parcel
