Duplex with Balcony and
For Sale
$160,000
105 Habbler Street, Sheffield, AL 35660
MULTI_FAMILY - Sheffield, AL
Property Size2,128 SF
Lot Size0.43 Acres
Price / SF$75.19
Days on Market40
Property Features for 105 Habbler Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
2
Parking features
On Street, Driveway, Covered
Patio and Porch features
Porch
Exterior features
Balcony
Subdivision
27606 Us Hwy 72
Elementary school
W A Treadgill
Middle school
Sheffield
High school
Sheffield Hgh Co
Directions
Take The Exit Towards Jackson Highway/Us-43, Head South On Jackson Highway Into Sheffield, Turn Right Onto 2nd Street, Continue A Few Blocks Down, Then Turn Left On Habbler St
Standard status
Active
APN
0708332002060.000
Size
2,128 SF
Lot size
0.43 Acres
Utilities
Sewer type
Public Sewer
Heating system
Varies by Unit (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1945
Floors in Building
2
Number of units
2
Listing Agency:
Norluxe Realty Huntsville
(256) 215-1755
Listed By:
Sharell Powers · License #114388
(256) 520-3543
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 11 at 10:06PM
MLS# 21922076
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.
Investment Insights
Based on property information with market context.
This duplex at 105 Habbler Street in Sheffield includes a porch and a balcony, along with covered and covered-plus uncovered parking options, including a driveway, on-street parking, and covered parking. The heating setup varies by unit, and cooling is provided by window unit(s).
The property sits on a 0.43-acre lot with public water and public sewer. Built in 1945, it offers a residential income configuration suited to buyers seeking a small multifamily asset.
At 2,128 square feet, the building provides a straightforward layout for duplex living and leasing, supported by the on-site parking arrangements and basic utilities connection to public water and public sewer.
The property sits on a 0.43-acre lot with public water and public sewer. Built in 1945, it offers a residential income configuration suited to buyers seeking a small multifamily asset.
At 2,128 square feet, the building provides a straightforward layout for duplex living and leasing, supported by the on-site parking arrangements and basic utilities connection to public water and public sewer.
Key Highlights
- Duplex with balcony and porch
- Built in 1945
- 0.43‑acre lot
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
$12,535
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
7.83%
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%
$250,700
$250.7K
Cap Rate 7%
$179,071
$179.1K
Cap Rate 9%
$139,278
$139.3K
Market Conditions
NOI Build-Up for 2,128 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
$19.2K $9.00/SF
− Vacancy
−$1.2K −$0.59/SF
EGI
$17.9K $8.42/SF
− OpEx
−$5.4K −$2.52/SF
NOI
$12.5K $5.89/SF
Area
Colbert County, AL
Vacancy
6.50%
Lease Rate
$9.00 /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%
$250,700
Cap Rate 7%
$179,071
Cap Rate 9%
$139,278
Alternative Uses
Best Use
Multifamily LT 5
$179.1K
$156.7K – $208.9K
NOI $12,535 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$160.7K
$140.6K – $187.4K
NOI $11,246 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$339.8K
$297.3K – $396.5K
NOI $23,787 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 35660, AL
9,434
Population
5,139
Households
1.8
Avg Household Size
40
Median Age
16%
College-Educated
88%
High-School Grad
6.2 sq mi
ZIP Area
1,522
Density / Sq Mi
$42,510
Median Household Income
$31,302
Median Earnings
$850
Median Rent
$129,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex built in 1945 on a 0.43-acre lot with public water and public sewer.
Where is this duplex located?
The property is located at 105 Habbler Street Sheffield, AL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Duplex with balcony and porch; Built in 1945; 0.43‑acre lot
