Four-Unit
For Sale
$355,000
1408 Ascent Trail, Huntsville, AL 35816
Residential Income, Huntsville, AL
Property Size3,620 SF
Price / SF$98.07
Days on Market48
Property Features for 1408 Ascent Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Parking Lot
Subdivision
Summit Place
Elementary school
Sonnie Hereford
Middle school
Huntsville
High school
Huntsville
Directions
East On University, Head North On Sparkman, Turn Right Onto Executive Drive, Left Onto Ascent Trail, Property Is Will Be On The Right.
Standard status
Active
Size
3,620 SF
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Number of units
4
Listing Agency:
Lamica Realty
(256) 384-4431
Listed By:
Candice Ary · License #128141
(256) 813-8421
Added: Sep 4
Last Checked: Oct 21 at 11:06PM
MLS# 21928323
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.
This 3,620-square-foot quadplex contains four residential units, each configured with two bedrooms and one bathroom. The property provides a compact multifamily layout within a single building and includes a dedicated parking lot for residents.
Public water and public sewer serve the property. Located in Huntsville, Alabama, the asset is positioned within the 35816 ZIP code and offers four separate units under one ownership structure.
Public water and public sewer serve the property. Located in Huntsville, Alabama, the asset is positioned within the 35816 ZIP code and offers four separate units under one ownership structure.
Key Highlights
- Four 2‑bedroom, 1‑bathroom residential units
- 3,620 square feet of multifamily property
- Dedicated parking lot on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,408
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,160
$528.2K
Cap Rate 7%
$377,257
$377.3K
Cap Rate 9%
$293,422
$293.4K
Market Conditions
NOI Build-Up for 3,620 SF
Gross rent
$45.6K $12.60/SF
− Vacancy
−$7.9K −$2.18/SF
EGI
$37.7K $10.42/SF
− OpEx
−$11.3K −$3.13/SF
NOI
$26.4K $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%
$528,160
Cap Rate 7%
$377,257
Cap Rate 9%
$293,422
Alternative Uses
Best Use
Multifamily LT 5
$377.3K
$330.1K – $440.1K
NOI $26,408 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$326.7K
$285.8K – $381.1K
NOI $22,866 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$942.6K
$824.8K – $1.10M
NOI $65,985 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with four residential units, a parking lot, and public water and sewer service.
Where is this quadplex located?
The property is located at 1408 Ascent Trail Huntsville, AL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom residential units; 3,620 square feet of multifamily property; Dedicated parking lot on site
