Huntsville Triplex on Large
For Sale
$415,000
1310 Halsey Avenue NE, Huntsville, AL 35801
MULTI_FAMILY - Huntsville, AL
Property Size4,800 SF
Lot Size0.30 Acres
Price / SF$86.46
Days on Market94
Property Features for 1310 Halsey Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Parking features
Parking Lot
Appliances
Oven, Refrigerator, Electric Water Heater
Subdivision
Newson Fairview
Elementary school
Blossomwood
Middle school
Chapman
High school
Lee High School
Directions
From Oakwood Ave Ne Turn Right On Minor St Ne Then Turn Left Onto Halsey Ave Ne, Unit Is On The Right
Standard status
Active
APN
1309303004027.000
Size
4,800 SF
Lot size
0.30 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Number of units
3
Listing Agency:
Empire Property Management
(256) 507-7368
Listed By:
Julie Orth · License #100095
(256) 452-5170
Added: May 21
Last Checked: Aug 22 at 6:06AM
MLS# 21918773
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Investment Insights
Based on property information with market context.
This triplex is located in Huntsville, Alabama, specifically in the Five Points area. The property features two units with 2 bedrooms and 1 bathroom each, along with a single unit containing 1 bedroom and 1 bathroom. The property has a total size of 4800 square feet and is situated on a 0.3-acre lot. Exterior upgrades were completed this year. Currently, two of the units are occupied, while one is undergoing rehabilitation.
Key Highlights
- Tri‑plex in the desirable Five Points location.
- Two units are 2‑bedroom, 1‑bath.
- Includes a 1‑bedroom, 1‑bath unit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,016
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$700,320
$700.3K
Cap Rate 7%
$500,229
$500.2K
Cap Rate 9%
$389,067
$389.1K
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$60.5K $12.60/SF
− Vacancy
−$10.5K −$2.18/SF
EGI
$50.0K $10.42/SF
− OpEx
−$15.0K −$3.13/SF
NOI
$35.0K $7.30/SF
Area
Huntsville, AL
Vacancy
17.29%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$700,320
Cap Rate 7%
$500,229
Cap Rate 9%
$389,067
Alternative Uses
Best Use
Multifamily LT 5
$500.2K
$437.7K – $583.6K
NOI $35,016 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$433.1K
$379.0K – $505.3K
NOI $30,320 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,494 @ 7.0% cap · market cap 21.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
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 - Triplex in Five Points with recent upgrades on large lot.
Where is this triplex located?
The property is located at 1310 Halsey Avenue NE Huntsville, AL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Tri‑plex in the desirable Five Points location.; Two units are 2‑bedroom, 1‑bath.; Includes a 1‑bedroom, 1‑bath unit.
