Huntsville Fourplex in Quiet
9002 Mahogany Row SE Huntsville, AL 35802
9002 Mahogany Row SE, Huntsville, AL, 35802
$570,000
For Sale
$570,000
MULTI_FAMILY - Huntsville, AL
Property Size4,932 SF
Lot Size0.40 Acres
Price / SF$115.57
Days on Market9
Property Features for 9002 Mahogany Row SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Parking Lot, Off Street
- Fireplace
- 1
- Appliances
- Oven, Refrigerator, Dishwasher, W/D Hookup, Electric Water Heater
- Standard status
- Active
- APN
- 1809321005003.000
- Size
- 4,932 SF
- Lot size
- 0.40 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 4
Listing Agency
Gateway Al Realty Group LLC
(256) 509-2078
1200 Winner Ave, AL
Listed by
Len Johnson · License #40398
(256) 509-2078
Added: Jul 9 Checked: Jul 17 at 1:06 pm
MLS# 21905220
Listing URL
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Investment Insights
Based on property information with market context.
This townhouse-style fourplex features two three-bedroom, three-bath units and two two-bedroom, two-bath units. It is situated in a popular Huntsville location, offering convenient access to workplaces and shopping areas. The property benefits from its location on a cul-de-sac, which reduces through traffic, and includes a private parking lot. The surrounding neighborhood is noted as quiet. The property size is 4,932 square feet and the lot size is 0.4 acres. This property is located in Madison County. For a portfolio purchase, two additional fourplex properties are located at 9008 & 9016 Mahogany Row.
Key Highlights
- Townhouse‑style 4‑plex with 4 total units: two 3‑bedroom/3‑bath units and two 2‑bedroom/2‑bath units
- Year built 1980
- Central heating and central air
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 | $62.1k | $12.60 |
| − Vacancy | −$10.7k | −$2.18 |
| EGI | $51.4k | $10.42 |
| − OpEx | −$15.4k | −$3.13 |
| NOI | $36.0k | $7.30 |
4,932 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$514.0K
$449.7K – $599.7K
NOI $35,979 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$445.0K
$389.4K – $519.2K
NOI $31,153 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,900 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Townhouse-style fourplex in Huntsville, convenient location, private parking.
Where is this quadplex located?
The property is located at 9002 Mahogany Row SE Huntsville, AL.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Townhouse‑style 4‑plex with 4 total units: two 3‑bedroom/3‑bath units and two 2‑bedroom/2‑bath units; Year built 1980; Central heating and central air
