Four-Unit
New
For Sale
$355,000
1408 Ascent Trail, Huntsville, AL 35816
Residential Income, Huntsville, AL
Property Size3,620 SF
Price / SF$98.07
Days on Market1
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: Sep 4 at 5:06PM
MLS# 21928323
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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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,408
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
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 - 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
