Two-Unit Duplex with Period
New
For Sale
$535,000
1001/1003 Locust Avenue, Huntsville, AL 35801
Residential Income, Huntsville, AL
Property Size2,545 SF
Lot Size0.18 Acres
Price / SF$210.22
Days on Market2
Property Features for 1001/1003 Locust Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Sidewalks
Fireplace
1
Appliances
Oven, Refrigerator, Washer, Dryer
Subdivision
Mcclung
Elementary school
Blossomwood
Middle school
Huntsville
High school
Huntsville
Directions
Memorial Parkway South, Left On Governors Drive, Left On California Street, Right On Locust. Home Immediately On Left On Corner Of California And Locust.
Standard status
Active
APN
1407364004012.000
Size
2,545 SF
Lot size
0.18 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1935
Floors in Building
1
Number of units
2
Buildings
1
Listing Agency:
Keller Williams Horizon · Keller Williams Realty
(256) 801-2501
Listed By:
Leah Miller · License #107119
(256) 479-8410
Added: Oct 23
Last Checked: Oct 24 at 2:06PM
MLS# 21932412
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.
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Investment Insights
Based on property information with market context.
Built in 1935, this 2,545-square-foot duplex contains two residences, each with two bedrooms and its own laundry room. Interior details include high ceilings, wood floors, arched doorways, fireplaces, original doors, and wide hallways. A front porch, driveway, and sidewalk are among the property’s other features. Public water and sewer serve the property, and listed appliances include ovens, refrigerators, washers, and dryers.
The duplex occupies a 0.18-acre lot at 1001/1003 Locust Avenue in Huntsville. Parking access is available from California Street, and the property is described as minutes from downtown Huntsville and Five Points.
The duplex occupies a 0.18-acre lot at 1001/1003 Locust Avenue in Huntsville. Parking access is available from California Street, and the property is described as minutes from downtown Huntsville and Five Points.
Key Highlights
- Two residences, each with two bedrooms and a separate laundry room
- 2,545‑square‑foot duplex built in 1935
- Property occupies 0.18 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,566
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,320
$371.3K
Cap Rate 7%
$265,229
$265.2K
Cap Rate 9%
$206,289
$206.3K
Market Conditions
NOI Build-Up for 2,545 SF
Gross rent
$32.1K $12.60/SF
− Vacancy
−$5.5K −$2.18/SF
EGI
$26.5K $10.42/SF
− OpEx
−$8.0K −$3.13/SF
NOI
$18.6K $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 Rate 5%
$371,320
Cap Rate 7%
$265,229
Cap Rate 9%
$206,289
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.1K – $309.4K
NOI $18,566 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$229.7K
$201.0K – $267.9K
NOI $16,076 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$662.7K
$579.9K – $773.2K
NOI $46,390 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,521
Businesses Nearby
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Business Placement
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and separate laundry rooms, with driveway parking and a front porch.
Where is this duplex located?
The property is located at 1001/1003 Locust Avenue Huntsville, AL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms and a separate laundry room; 2,545‑square‑foot duplex built in 1935; Property occupies 0.18 acres
