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    4041 Knight Rd Huntsville, AL 35805

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    For Sale
    Contact for pricing

    21-unit apartment community in Southwest Huntsville with growth potential.

    Property size:
    16,400 SF

    Property Features for 4041 Knight Rd

    General Information

    Size
    16,400 SF

    Building Details

    Year built
    1984

    Source: Paul McDonald Agent Paul McDonald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Huntsville Multifamily Investment Opportunity

    Knight Road Apartments is a 21-unit apartment community encompassing 16,400 square feet, situated in Southwest Huntsville. The property's location adjacent to significant community and commercial development projects enhances its appeal. The asset is currently stable and cash-flowing, presenting an opportunity to increase revenue through rent growth in renovated units, as well as a value-add opportunity by updating the remaining units. Built in 1984, 17 units were fully renovated in 2023, with 4 units partially renovated. Southwest Huntsville offers a mix of stability, growth, and convenient access to amenities and workplaces, making it an attractive submarket for multifamily investment. The area is experiencing community and commercial investment with new and developing projects such as Stadium Commons, Wicks Family Stadium, John Hunt Park, and the Loretta P. Spencer Sports Complex. Its proximity to major employers at Redstone Arsenal, the medical district, and research and technology hubs supports rental demand from professionals, military families, and healthcare workers. Infrastructure upgrades and ongoing residential development indicate continued growth, while nearby outdoor amenities like Green Mountain Nature Trail and Ditto Landing enhance quality of life.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6012729
    Latitude
    34.6951736

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    FAQs

    What type of property is this?
    Apartment building - 21-unit apartment community in Southwest Huntsville with growth potential.
    Where is this apartment building located?
    The property is located at 4041 Knight Rd Huntsville, AL.
    What are key features of this property?
    This property features: - Prime location in Southwest Huntsville experiencing significant community and commercial development.; - Stable, cash-flowing asset with an easy path to revenue growth through rent increases.; - Value-add opportunity by renovating the remaining 4 units.
    (256) 609-2529
    Request Owner's contact information
    4041 Knight Rd Huntsville, AL 35805
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    Huntsville, AL 35805
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4041 Knight Rd Huntsville, AL 35805
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