Fourplex with Recent
For Sale
$475,000
1511 Halston Circle, Huntsville, AL 35816
Residential Income, Huntsville, AL
Property Size3,944 SF
Lot Size0.24 Acres
Price / SF$120.44
Days on Market105
Property Features for 1511 Halston Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
8
Parking features
Driveway
Appliances
Oven, Refrigerator, Dishwasher, W/D Hookup, Disposal, Electric Water Heater
Subdivision
Executive Hills
Elementary school
Highland Elementary
Middle school
Mcnair
High school
Jemison
Directions
L On Sparkman, L On Bonnell, R On Halston, Property On The Right.
Standard status
Active
Size
3,944 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer connections
Building Details
Floors in Building
2
Number of units
4
Listing Agency:
Holloway & Associates
(256) 852-3350
Listed By:
A. Karnice Holloway · License #51158
(256) 755-9196
Added: Jun 25
Changed: Sep 2
Last Checked: Oct 7 at 10:06PM
MLS# 21920997
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.
Investment Insights
Based on property information with market context.
This 3,944-square-foot quadplex contains four residential units, each with two bedrooms, two bathrooms, and washer/dryer connections. The full-brick building includes a driveway, central heating and cooling, public water, and public sewer. Appliances include an oven, refrigerator, dishwasher, disposal, and electric water heater.
The property is situated on 0.24 acres in Huntsville, Alabama. Occupancy is currently 25%. Interior work has recently been completed in the occupied unit, while the roof is less than two years old. HVAC systems have been serviced within the last two years, providing additional documented updates to the building’s major components.
The property is situated on 0.24 acres in Huntsville, Alabama. Occupancy is currently 25%. Interior work has recently been completed in the occupied unit, while the roof is less than two years old. HVAC systems have been serviced within the last two years, providing additional documented updates to the building’s major components.
Key Highlights
- Four‑unit quadplex totaling 3,944 square feet
- Current occupancy is 25%
- Each unit has 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,772
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,440
$575.4K
Cap Rate 7%
$411,029
$411.0K
Cap Rate 9%
$319,689
$319.7K
Market Conditions
NOI Build-Up for 3,944 SF
Gross rent
$49.7K $12.60/SF
− Vacancy
−$8.6K −$2.18/SF
EGI
$41.1K $10.42/SF
− OpEx
−$12.3K −$3.13/SF
NOI
$28.8K $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%
$575,440
Cap Rate 7%
$411,029
Cap Rate 9%
$319,689
Alternative Uses
Best Use
Multifamily LT 5
$411.0K
$359.7K – $479.5K
NOI $28,772 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$355.9K
$311.4K – $415.2K
NOI $24,913 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.03M
$898.6K – $1.20M
NOI $71,891 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
25%
Occupancy
Location Intelligence
Trade Area within ½ mile
841
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers two bedrooms, two bathrooms, washer/dryer connections, and access to recent interior improvements.
Where is this quadplex located?
The property is located at 1511 Halston Circle Huntsville, AL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,944 square feet; Current occupancy is 25%; Each unit has 2 bedrooms and 2 bathrooms
