Occupied Multifamily
1803 Graymont Lane Decatur, AL 35603
For Sale
$400,000
Four-property portfolio totaling 14 units, all occupied and reported in good condition, with tenants paying electric.
Property Size3,448 SF
Price / SF$116.01
Days on Market547
Property Features for 1803 Graymont Lane
General Information
- Standard status
- Active
- Size
- 3,448 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1985
Listing Agency:
Gateway Al Realty Group LLC
(256) 509-2078
Listed By:
Len Johnson · License #40398
(256) 509-2078
Source:
Alabamaland
Added: Jan 23, 2025
Changed: Jul 20
Last Checked: Jul 23 at 7:20AM
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 Gateway Al Realty Group LLC
Investment Insights
Based on property information with market context.
This for-sale portfolio includes three 4-plexes and one duplex, totaling 14 residential units. The properties are occupied and reported to be in good condition with no deferred maintenance. The package is an estate sale and is not available individually, with no showings scheduled until under contract. Please do not disturb tenants.
The portfolio addresses are 1816 Glenn Street, 1803 Graymont Lane, 1809 Windover Place, and 202 Somerville Road in Decatur, Alabama. The seller notes the properties are conveniently located near shopping and restaurants.
Tenant-paid utilities include electric. The owner pays water and trash, establishing a defined expense split for the portfolio.
The portfolio addresses are 1816 Glenn Street, 1803 Graymont Lane, 1809 Windover Place, and 202 Somerville Road in Decatur, Alabama. The seller notes the properties are conveniently located near shopping and restaurants.
Tenant-paid utilities include electric. The owner pays water and trash, establishing a defined expense split for the portfolio.
Key Highlights
- 14‑unit portfolio in Decatur, AL: three 4‑plexes and one duplex
- All units are occupied and reported to be in good condition with no deferred maintenance
- Package price: $1,450,000 (portfolio sale only; not available individually)
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 | $43.4k | $12.60 |
| − Vacancy | −$2.8k | −$0.82 |
| EGI | $40.6k | $11.78 |
| − OpEx | −$12.2k | −$3.53 |
| NOI | $28.4k | $8.25 |
3,448 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.2K
$355.4K – $473.9K
NOI $28,435 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$375.1K
$328.2K – $437.6K
NOI $26,255 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$717.3K
$627.7K – $836.9K
NOI $50,214 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-property portfolio totaling 14 units, all occupied and reported in good condition, with tenants paying electric.
Where is this quadplex located?
The property is located at 1803 Graymont Lane Decatur, AL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 14‑unit portfolio in Decatur, AL: three 4‑plexes and one duplex; All units are occupied and reported to be in good condition with no deferred maintenance; Package price: $1,450,000 (portfolio sale only; not available individually)
