Value-Add Multi-Family Income
For Sale
$365,000
1402 Ascent Trail, Huntsville, AL 35816
MULTI_FAMILY - Huntsville, AL
Property Size3,248 SF
Lot Size0.27 Acres
Price / SF$112.38
Days on Market10
Property Features for 1402 Ascent Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Parking Lot
Appliances
W/D Hookup
Subdivision
Summit Place
Elementary school
Sonnie Hereford
Middle school
Huntsville
High school
Huntsville
Directions
North Parkman Drive, Right Onto Executive Drive, Left Onto Ascent Trail, 2nd Building On The Right
Standard status
Active
APN
1408332001053.000
Size
3,248 SF
Lot size
0.27 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Number of units
4
Listing Agency:
Gateway Al Realty Group LLC
(256) 509-2078
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 31 at 6:06PM
MLS# 21924423
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.
Value-add residential income property for sale at 1402 Ascent Trail, Huntsville, AL 35816. The offering includes occupied units, with unit inspections scheduled after an accepted contract. Offers should include proof of funds and a pre-approval letter.
The property is described as being located near the Research Park district, an Alabama college campus, and Redstone Arsenal.
A package sale may be available, with the seller offering up to 30 units at this time. Please contact the listing agent for details on the package terms.
The property is described as being located near the Research Park district, an Alabama college campus, and Redstone Arsenal.
A package sale may be available, with the seller offering up to 30 units at this time. Please contact the listing agent for details on the package terms.
Key Highlights
- Value‑add multi‑unit property near Research Park, University of Alabama, and Redstone Arsenal
- Central heating and central air
- Public water and public sewer
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 | $40.9k | $12.60 |
| − Vacancy | −$7.1k | −$2.18 |
| EGI | $33.8k | $10.42 |
| − OpEx | −$10.2k | −$3.13 |
| NOI | $23.7k | $7.30 |
3,248 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.5K
$296.2K – $394.9K
NOI $23,694 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$293.1K
$256.5K – $341.9K
NOI $20,516 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$845.8K
$740.1K – $986.8K
NOI $59,205 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Explore this area
Business Placement
Demographics for 35816, AL
15,035
Population
7,972
Households
1.9
Avg Household Size
28
Median Age
27%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,948
Density / Sq Mi
$38,947
Median Household Income
$28,060
Median Earnings
$875
Median Rent
$114,100
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?
Quadplex - Residential income property with occupied units, subject to inspection after contract acceptance.
Where is this quadplex located?
The property is located at 1402 Ascent Trail Huntsville, AL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Value‑add multi‑unit property near Research Park, University of Alabama, and Redstone Arsenal; Central heating and central air; Public water and public sewer
