4-Unit Brick
113 N MAIN STREET, Boaz, AL 35957
For Sale
$399,900
Residential Income, BOAZ, AL
Property Size6,236 SF
Lot Size0.06 Acres
Price / SF$64.13
Days on Market47
Property Features for 113 N MAIN STREET
General Information
Property type
Property subtype
Parking
Parking features
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Building Details
Floors in Building
Number of units
Building materials
Listing Agency:
South Towne Realtors, LLC
(256) 582-6900
Listed By:
Jeff Overstreet · License AL #64243
(256) 302-7722
Added: Sep 24
Changed: Oct 29
Last Checked: Nov 9 at 7:06PM
MLS# 21930071
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.
This 6,236-square-foot quadplex contains four occupied apartments: two one-bedroom, one-bath units, one two-bedroom, one-bath unit, and one four-bedroom, one-bath unit. Brick construction, a parking lot, and public water service are among the property’s physical features. Occupancy is 100% across the four apartments.
The property is at 113 N Main Street within Boaz city limits. Its unit mix spans one-, two-, and four-bedroom layouts, with each apartment configured with one bathroom.
The property is at 113 N Main Street within Boaz city limits. Its unit mix spans one-, two-, and four-bedroom layouts, with each apartment configured with one bathroom.
Key Highlights
- Four apartments with 100% occupancy
- Unit mix: two 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one 4‑bedroom/1‑bath unit
- 6,236 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,733
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,660
$734.7K
Cap Rate 7%
$524,757
$524.8K
Cap Rate 9%
$408,144
$408.1K
Market Conditions
NOI Build-Up for 6,236 SF
Gross rent
$56.1K $9.00/SF
− Vacancy
−$3.6K −$0.59/SF
EGI
$52.5K $8.42/SF
− OpEx
−$15.7K −$2.52/SF
NOI
$36.7K $5.89/SF
Area
Marshall 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 Rate 5%
$734,660
Cap Rate 7%
$524,757
Cap Rate 9%
$408,144
Alternative Uses
Best Use
Multifamily LT 5
$524.8K
$459.2K – $612.2K
NOI $36,733 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$482.2K
$422.0K – $562.6K
NOI $33,756 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,216 @ 7.0% cap · market cap 23.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 35957, AL
16,849
Population
6,755
Households
2.5
Avg Household Size
36
Median Age
13%
College-Educated
85%
High-School Grad
78.3 sq mi
ZIP Area
215
Density / Sq Mi
$53,859
Median Household Income
$35,277
Median Earnings
$679
Median Rent
$142,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A varied bedroom mix serves residents within Boaz city limits, with on-site parking and public water service.
Where is this quadplex located?
The property is located at 113 N MAIN STREET Boaz, AL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four apartments with 100% occupancy; Unit mix: two 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one 4‑bedroom/1‑bath unit; 6,236 square feet
