Huntsville Triplex on Large
1310 Halsey Avenue NE Huntsville, AL 35801
1310 Halsey Avenue NE, Huntsville, AL, 35801
$415,000
For Sale
$415,000
MULTI_FAMILY - Huntsville, AL
Property Size4,800 SF
Lot Size0.30 Acres
Price / SF$86.46
Days on Market58
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
- 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
379 Plummer Road, AL
Listed by
Julie Orth · License #100095
(256) 452-5170
Added: May 21 Checked: Jul 17 at 7:06 pm
MLS# 21918773
Listing URL
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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.
Local 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 | $60.5k | $12.60 |
| − Vacancy | −$10.5k | −$2.18 |
| EGI | $50.0k | $10.42 |
| − OpEx | −$15.0k | −$3.13 |
| NOI | $35.0k | $7.30 |
4,800 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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.
