Four-Unit Residential Income
For Sale
$499,000
1332 Oshaughnessy Avenue NE, Huntsville, AL 35801
MULTI_FAMILY - Huntsville, AL
Property Size3,100 SF
Lot Size0.22 Acres
Price / SF$160.97
Days on Market43
Property Features for 1332 Oshaughnessy Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
8
Parking features
Driveway
Appliances
Oven, Refrigerator, Dishwasher, Disposal
Subdivision
Fairview
Elementary school
Blossomwood
Middle school
Huntsville
High school
Huntsville
Directions
5 Points Community - Andrew Jackson, East On O'shaughnessy Avenue, Property Near Corner Of Windham Street And O'shaughnessy Avenue.
Standard status
Active
APN
1309303010024.000
Size
3,100 SF
Lot size
0.22 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Number of units
4
Listing Agency:
Keller Williams Horizon · Keller Williams Realty
(256) 801-2501
Listed By:
Pranteek Patnaik · License #83003
(256) 801-2501
Added: Jun 20
Changed: Jul 28
Last Checked: Aug 1 at 7:06PM
MLS# 21905734
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Investment Insights
Based on property information with market context.
This for-sale four-unit residential income building is fully occupied and offered as a 4-unit multiplex. Three units are configured as 2-bedroom, 1-bath layouts, and the end unit is a 3-bedroom, 1-bath layout. Each unit includes full-size washer/dryer connections and comes with a refrigerator, range/oven, and dishwasher, with rear entry access and a rear kitchen entry for each unit.
The property is located at 1332 Oshaughnessy Avenue NE in Huntsville, in Madison County. Public remarks indicate the building is positioned in the Downtown Five Points District, with easy access to Huntsville Hospital and major routes including 565, as well as nearby dining, shops, and other downtown amenities.
A 48-hour advance notice is required to schedule showings.
The property is located at 1332 Oshaughnessy Avenue NE in Huntsville, in Madison County. Public remarks indicate the building is positioned in the Downtown Five Points District, with easy access to Huntsville Hospital and major routes including 565, as well as nearby dining, shops, and other downtown amenities.
A 48-hour advance notice is required to schedule showings.
Key Highlights
- 4‑unit multiplex built in 1955 and currently fully occupied
- Unit mix: three 2‑bed, 1‑bath units plus one 3‑bed, 1‑bath end unit
- Each unit includes full‑size washer/dryer connections and kitchen appliances (refrigerator, range/oven, dishwasher, disposal)
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 | $39.1k | $12.60 |
| − Vacancy | −$6.8k | −$2.18 |
| EGI | $32.3k | $10.42 |
| − OpEx | −$9.7k | −$3.13 |
| NOI | $22.6k | $7.30 |
3,100 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.1K
$282.7K – $376.9K
NOI $22,615 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$279.7K
$244.8K – $326.4K
NOI $19,581 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$807.2K
$706.3K – $941.8K
NOI $56,507 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
685
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four fully occupied units offer rear entry access and in-unit washer/dryer connections.
Where is this quadplex located?
The property is located at 1332 Oshaughnessy Avenue NE Huntsville, AL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4‑unit multiplex built in 1955 and currently fully occupied; Unit mix: three 2‑bed, 1‑bath units plus one 3‑bed, 1‑bath end unit; Each unit includes full‑size washer/dryer connections and kitchen appliances (refrigerator, range/oven, dishwasher, disposal)
