Multifamily Income
1502 Medland Road Huntsville, AL 35816
New
1502 Medland Road, Huntsville, AL, 35816
$375,000
For Sale
$375,000
MULTI_FAMILY - Huntsville, AL
Property Size4,074 SF
Lot Size0.33 Acres
Price / SF$92.05
Days on Market2
Property Features for 1502 Medland Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Parking Lot
- Appliances
- Dishwasher, Electric Water Heater, Refrigerator, Oven, W/D Hookup
- Standard status
- Active
- APN
- 1408283003046.000
- Size
- 4,074 SF
- Lot size
- 0.33 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Number of units
- 4
Listing agency
Gateway Al Realty Group LLC
(256) 509-2078
Listed by
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22 Checked: Jul 23 at 8:06AM
MLS# 21924427
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Investment Insights
Based on property information with market context.
This four-unit multifamily income property is offered for sale as a value-add opportunity. The listing notes that inspections of occupied units will be performed after an accepted contract. Offers are to be accompanied by proof of funds and a pre-approval letter.
The property is located near the Research Park district, a University of Alabama college campus, and Redstone Arsenal in Huntsville, Alabama. The seller also indicates the option for a package sale with up to 30 units, subject to availability at the time.
The property is listed at 1502 Medland Road in Huntsville (Madison County) with a lot size of 0.3271 acres and a total property size of 4,074 square feet.
The property is located near the Research Park district, a University of Alabama college campus, and Redstone Arsenal in Huntsville, Alabama. The seller also indicates the option for a package sale with up to 30 units, subject to availability at the time.
The property is listed at 1502 Medland Road in Huntsville (Madison County) with a lot size of 0.3271 acres and a total property size of 4,074 square feet.
Key Highlights
- Value‑add property with central heating and central air conditioning
- 1984 year built
- Public water and public sewer service
Local 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 7.93%
Second Best
Apartment 5plus
$367.6K
$321.7K – $428.9K
NOI $25,734 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$1.06M
$928.3K – $1.24M
NOI $74,261 @ 7.0% cap · market cap 19.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property near Research Park and major employment centers in Huntsville, Alabama.
Where is this quadplex located?
The property is located at 1502 Medland Road Huntsville, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Value‑add property with central heating and central air conditioning; 1984 year built; Public water and public sewer service
