4-Unit Multifamily
113 North Main Street, Boaz, AL 35957
For Sale
$399,900
All residences are occupied, with a mix of one-, two-, and four-bedroom layouts.
Property Size2,614 SF
Price / SF$152.98
Days on Market48
Property Features for 113 North Main Street
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Listing Agency:
Ainsworth Real Estate, Llc
(256) 640-7017
Listed By:
Rob Abercrombie · License AL #78097
(256) 652-9500
Source:
Relocatetohuntsville
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 10 at 8:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ainsworth Real Estate, Llc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Boaz includes two one-bedroom, one-bath residences, one two-bedroom, one-bath residence, and one four-bedroom, one-bath residence. Each unit is occupied.
Key Highlights
- Four units, all currently occupied
- Unit mix: two 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one 4‑bedroom/1‑bath unit
- Located within Boaz city limits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,398
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,960
$308.0K
Cap Rate 7%
$219,971
$220.0K
Cap Rate 9%
$171,089
$171.1K
Market Conditions
NOI Build-Up for 2,614 SF
Gross rent
$23.5K $9.00/SF
− Vacancy
−$1.5K −$0.59/SF
EGI
$22.0K $8.42/SF
− OpEx
−$6.6K −$2.52/SF
NOI
$15.4K $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%
$307,960
Cap Rate 7%
$219,971
Cap Rate 9%
$171,089
Alternative Uses
Best Use
Multifamily LT 5
$220.0K
$192.5K – $256.6K
NOI $15,398 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$202.1K
$176.9K – $235.8K
NOI $14,150 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$564.2K
$493.7K – $658.2K
NOI $39,494 @ 7.0% cap · market cap 9.88%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are occupied, with a mix of one-, two-, and four-bedroom layouts.
Where is this quadplex located?
The property is located at 113 North 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 units, all currently occupied; Unit mix: two 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one 4‑bedroom/1‑bath unit; Located within Boaz city limits
