4-Unit Apartment
New
For Sale
$359,900
1409 NW Ascent Trail, Huntsville, AL 35816
Residential Income, Huntsville, AL
Property Size3,407 SF
Lot Size0.26 Acres
Price / SF$105.64
Days on Market2
Property Features for 1409 NW Ascent Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Parking features
Parking Lot
Appliances
Refrigerator, Oven, W/D Hookup
Subdivision
Summit Place
Elementary school
Sonnie Hereford
Middle school
Huntsville
High school
Huntsville
Directions
From University Drive, Turn Onto Research Park Blvd. Turn Onto Plummer Rd, Then Continue To Ascent Trail. Follow Ascent Trail To 1409 Ascent Trail. Property Will Be On The Right.
Standard status
Active
APN
1408332001059.000
Size
3,407 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Heating system
Varies by Unit (Heating), Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Number of units
4
Listing Agency:
Rcpm
(256) 417-6840
Listed By:
Taylor Wright · License #169757
(256) 809-7566
Added: Oct 16
Last Checked: Oct 17 at 7:06PM
MLS# 21931842
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 3,407-square-foot quadplex contains four apartments, each with two bedrooms and one bathroom. The 0.26-acre property has a parking lot, public water and sewer, central air conditioning, and heating that varies by unit. Refrigerators and ovens are included, with washer and dryer hookups available.
The property sits between Downtown Huntsville and MidCity, with access to shopping, dining, entertainment, amenities, and major roadways.
The property sits between Downtown Huntsville and MidCity, with access to shopping, dining, entertainment, amenities, and major roadways.
Key Highlights
- Four units, each configured with 2 bedrooms and 1 bathroom
- 3,407 square feet on 0.26 acres
- Parking lot on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,854
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,080
$497.1K
Cap Rate 7%
$355,057
$355.1K
Cap Rate 9%
$276,156
$276.2K
Market Conditions
NOI Build-Up for 3,407 SF
Gross rent
$42.9K $12.60/SF
− Vacancy
−$7.4K −$2.18/SF
EGI
$35.5K $10.42/SF
− OpEx
−$10.7K −$3.13/SF
NOI
$24.9K $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%
$497,080
Cap Rate 7%
$355,057
Cap Rate 9%
$276,156
Alternative Uses
Best Use
Multifamily LT 5
$355.1K
$310.7K – $414.2K
NOI $24,854 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$307.4K
$269.0K – $358.7K
NOI $21,521 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$887.2K
$776.3K – $1.04M
NOI $62,103 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences are served by a parking lot and public water and sewer.
Where is this quadplex located?
The property is located at 1409 NW Ascent Trail Huntsville, AL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Four units, each configured with 2 bedrooms and 1 bathroom; 3,407 square feet on 0.26 acres; Parking lot on site
