Triplex with Light Industrial
For Sale
$1,099,900
12101 Stonegate Drive, Huntsville, AL 35803
MULTI_FAMILY - Huntsville, AL
Property Size5,398 SF
Lot Size2.40 Acres
Price / SF$203.76
Days on Market49
Property Features for 12101 Stonegate Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Industrial
Parking
6
Parking features
Driveway
Subdivision
Metes And Bounds
Elementary school
Challenger
Middle school
Challenger
High school
Grissom High School
Directions
South On Memorial Parkey Left On Stonegate
Standard status
Active
Size
5,398 SF
Lot size
2.40 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Number of units
3
Listing Agency:
Bhhs Rise Real Estate
(256) 882-0304
Listed By:
Anne Adams · License #40164
(256) 337-2625
Added: Jun 18
Last Checked: Aug 5 at 10:06AM
MLS# 21921260
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 for-sale property consists of three homes sold together, currently occupied. The site totals 2.4 acres and is configured as a residential income setup, with the existing dwellings providing immediate rental occupancy.
The property is located off Memorial Parkway, with access noted to shopping, schools, Redstone Arsenal, and major highways. The listing includes addresses at 12101 Stonegate Drive, 12105 Stonegate Drive, and 12111 Memorial Parkway, providing clear identification of the combined parcels.
Zoned Light Industrial, the property supports a flexible ownership strategy for buyers evaluating both current residential income and future site reuse consistent with approved light industrial uses. It may fit investors seeking an occupied multifamily asset, as well as owner-operators interested in a site where the land size and zoning can support redevelopment planning, subject to applicable approvals.
The property is located off Memorial Parkway, with access noted to shopping, schools, Redstone Arsenal, and major highways. The listing includes addresses at 12101 Stonegate Drive, 12105 Stonegate Drive, and 12111 Memorial Parkway, providing clear identification of the combined parcels.
Zoned Light Industrial, the property supports a flexible ownership strategy for buyers evaluating both current residential income and future site reuse consistent with approved light industrial uses. It may fit investors seeking an occupied multifamily asset, as well as owner-operators interested in a site where the land size and zoning can support redevelopment planning, subject to applicable approvals.
Key Highlights
- Three homes sold together on 2.4 acres in total (12101 Stonegate Dr, 12105 Stonegate Dr, 12111 Memorial Pkwy).
- All three homes are currently occupied, providing immediate rental income.
- Zoned Light Industrial for approved commercial/light industrial uses.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.0k | $12.60 |
| − Vacancy | −$11.8k | −$2.18 |
| EGI | $56.3k | $10.42 |
| − OpEx | −$16.9k | −$3.13 |
| NOI | $39.4k | $7.30 |
5,398 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$562.6K
$492.2K – $656.3K
NOI $39,379 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$487.1K
$426.2K – $568.3K
NOI $34,097 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,395 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 35803, AL
29,001
Population
13,272
Households
2.2
Avg Household Size
43
Median Age
54%
College-Educated
96%
High-School Grad
49.2 sq mi
ZIP Area
589
Density / Sq Mi
$95,182
Median Household Income
$53,416
Median Earnings
$1,221
Median Rent
$259,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied homes on a 2.4-acre site, offering steady income while allowing light industrial use under current zoning.
Where is this triplex located?
The property is located at 12101 Stonegate Drive Huntsville, AL.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Three homes sold together on 2.4 acres in total (12101 Stonegate Dr, 12105 Stonegate Dr, 12111 Memorial Pkwy).; All three homes are currently occupied, providing immediate rental income.; Zoned Light Industrial for approved commercial/light industrial uses.
