Full-Brick Quadplex With
For Sale
$450,000
1500 Ascent Trail, Huntsville, AL 35806
MULTI_FAMILY - Huntsville, AL
Property Size4,074 SF
Lot Size0.29 Acres
Price / SF$110.46
Days on Market8
Property Features for 1500 Ascent Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
6
Parking features
Parking Lot, Driveway
Appliances
Oven, Refrigerator, W/D Hookup
Subdivision
Executive Hills
Elementary school
Highland Elementary
Middle school
Mcnair
High school
Jemison
Directions
From University Drive North On Sparkman R Bonnel R Ascent Trail Bldg On Left
Standard status
Active
APN
1408283003071.000
Size
4,074 SF
Lot size
0.29 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
4
Listing Agency:
David Frederick Realty
(256) 539-5393
Listed By:
David Frederick · License #53565
(256) 990-2605
Added: Jul 24
Changed: Jul 29
Last Checked: Jul 31 at 5:06PM
MLS# 21924652
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Investment Insights
Based on property information with market context.
This full-brick quadplex offers four units and includes a range of recent improvements. Reported updates include new windows, new decks, vinyl siding of the eaves, painted exterior wood, replaced GFCIs, new lighting, and water-heater pipe replacements. Select units have new LVP flooring, and at least one unit includes an additional tenant arrangement noted in the remarks.
The property is located at 1500 Ascent Trail in Huntsville, Alabama (Madison County). Unit details are provided as: Unit A at 850, Unit B at 960, Unit C at 825, and Unit D showing an approved/deposit-paid tenant at 925 that has not moved in yet.
When fully leased, the provided gross rent roll totals $43,020. The property is listed as having 4,074 square feet on a 0.2893-acre lot.
The property is located at 1500 Ascent Trail in Huntsville, Alabama (Madison County). Unit details are provided as: Unit A at 850, Unit B at 960, Unit C at 825, and Unit D showing an approved/deposit-paid tenant at 925 that has not moved in yet.
When fully leased, the provided gross rent roll totals $43,020. The property is listed as having 4,074 square feet on a 0.2893-acre lot.
Key Highlights
- Full brick Executive Hills quad with 2 BR and 2 full baths
- 4 units in total: Unit A $850, Unit B $960, Unit C $825, and Unit D approved/deposit‑paid tenant at $925 (not yet moved in)
- Gross rent roll when fully leased: $43,020
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 | $51.3k | $12.60 |
| − Vacancy | −$8.9k | −$2.18 |
| EGI | $42.5k | $10.42 |
| − OpEx | −$12.7k | −$3.13 |
| NOI | $29.7k | $7.30 |
4,074 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$424.6K
$371.5K – $495.3K
NOI $29,720 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$367.6K
$321.7K – $428.9K
NOI $25,734 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.06M
$928.3K – $1.24M
NOI $74,261 @ 7.0% cap · market cap 16.50%
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 35806, AL
25,702
Population
14,398
Households
1.8
Avg Household Size
36
Median Age
60%
College-Educated
97%
High-School Grad
25.4 sq mi
ZIP Area
1,012
Density / Sq Mi
$79,338
Median Household Income
$50,458
Median Earnings
$1,287
Median Rent
$318,800
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 - Four-unit quadplex with recent upgrades, including new windows, decks, and select LVP flooring across units.
Where is this quadplex located?
The property is located at 1500 Ascent Trail Huntsville, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Full brick Executive Hills quad with 2 BR and 2 full baths; 4 units in total: Unit A $850, Unit B $960, Unit C $825, and Unit D approved/deposit‑paid tenant at $925 (not yet moved in); Gross rent roll when fully leased: $43,020
