Quadplex with Central
For Sale
$300,000
Pending
1402 ASCENT TRAIL, Huntsville, AL 35816
Residential Income, HUNTSVILLE, AL
Property Size3,248 SF
Days on Market101
Property Features for 1402 ASCENT TRAIL
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Parking Lot
Interior features
Wired for Sound
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
Pending
APN
14-08-33-2-001-053.000
Size
3,248 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 2 BLK 1 RE S/D OF SUMMIT PLACE PB 10 PG 32
Tax Annual Amount
4265
Legal Description
LOT 2 BLK 1 RE S/D OF SUMMIT PLACE PB 10 PG 32
Utilities
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
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Changed: Oct 29
Last Checked: Oct 30 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 1981, this 3,248-square-foot quadplex has central heating and central air conditioning. Interior features include sound wiring, and the property is served by public water with a parking lot on site. Updates and new appliances are noted.
The property is near the Research Park district, the University of Alabama campus, and Redstone Arsenal. A package sale with as many as 30 units may be available. Access to occupied units for inspection is scheduled after an accepted contract.
The property is near the Research Park district, the University of Alabama campus, and Redstone Arsenal. A package sale with as many as 30 units may be available. Access to occupied units for inspection is scheduled after an accepted contract.
Key Highlights
- Four‑unit residential property totaling 3,248 square feet
- Built in 1981
- Central heating and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,694
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,880
$473.9K
Cap Rate 7%
$338,486
$338.5K
Cap Rate 9%
$263,267
$263.3K
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$40.9K $12.60/SF
− Vacancy
−$7.1K −$2.18/SF
EGI
$33.8K $10.42/SF
− OpEx
−$10.2K −$3.13/SF
NOI
$23.7K $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%
$473,880
Cap Rate 7%
$338,486
Cap Rate 9%
$263,267
Alternative Uses
Best Use
Multifamily LT 5
$338.5K
$296.2K – $394.9K
NOI $23,694 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$293.1K
$256.5K – $341.9K
NOI $20,516 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$845.8K
$740.1K – $986.8K
NOI $59,205 @ 7.0% cap · market cap 19.74%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A parking lot and public water serve this four-unit residential property.
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 $300,000.
What are key features of this property?
This property features: Four‑unit residential property totaling 3,248 square feet; Built in 1981; Central heating and central air conditioning
