Triplex with Three-Bedroom
For Sale
$415,000
1310 Halsey Avenue NE, Huntsville, AL 35801
Residential Income, Huntsville, AL
Property Size4,800 SF
Lot Size0.30 Acres
Price / SF$86.46
Days on Market141
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
Changed: Sep 7
Last Checked: Oct 8 at 7:06AM
MLS# 21918773
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.
Built in 1988, this 4,800-square-foot triplex contains two two-bedroom, one-bath units and one one-bedroom, one-bath unit. Two units are occupied, while the remaining unit is being rehabilitated. The exterior has received upgrades, and the property sits on a 0.3-acre lot.
The property includes a parking lot, central heating, central air, electric water heating, ovens, and refrigerators. Public water and public sewer serve the building.
The property includes a parking lot, central heating, central air, electric water heating, ovens, and refrigerators. Public water and public sewer serve the building.
Key Highlights
- Three‑unit configuration with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 4,800 square feet on a 0.3‑acre lot
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,016
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
3
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with central HVAC, public utilities, and on-site parking.
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: Three‑unit configuration with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 4,800 square feet on a 0.3‑acre lot; Built in 1988
