1614 SE Somerville Road, Decatur, AL 35601
MULTI_FAMILY - Decatur, AL
- Added:
- Jun 19, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 20 at 12:06 pm
Property Features for 1614 SE Somerville Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 32
- Parking features
- Covered, Parking Lot, Off Street
- Patio and Porch features
- Deck, Patio
- Exterior features
- Sidewalks
- Fencing
- Privacy
- Appliances
- Oven, Refrigerator, Dishwasher, W/D Hookup, Electric Water Heater
- Standard status
- Active
- APN
- 03 09 29 4 001 087.000
- Size
- 16,764 SF
- Lot size
- 0.90 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
- 16
Listing agent Len Johnson License #40398 (256) 509-2078
Listing office Gateway Al Realty Group LLC 1200 Winner Ave, AL (256) 509-2078
Listing date Jun 19, 2026
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HighLights
- 16‑unit apartment complex in Decatur, AL with R‑4 zoning
- 93.8% occupancy rate reported
- Covered parking plus additional off‑street parking
- Central heating and central air; electric water heater
- Public utilities: public water and public sewer
- Exterior features include sidewalks, deck/patio areas, and privacy fencing
Overview
The property is located at 1614 SE Somerville Road in Decatur, Alabama (Morgan County), on a lot of approximately 0.9 acres. Reported occupancy is 93.8%, and the complex is identified as being zoned R-4.
For investors or owners seeking a renovated 16-unit income property, the combination of covered parking, additional off-street parking, and the reported occupancy level can support ongoing tenant utility and operational stability. Photos were taken prior to lease-up, with some images described as virtually staged, and the listing is presented as a sale opportunity.
Local Financial Insights For Apartment 5plus
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 | $247.4k | $14.76 |
| − Vacancy | −$15.3k | −$0.92 |
| EGI | $232.1k | $13.84 |
| − OpEx | −$104.4k | −$6.23 |
| NOI | $127.7k | $7.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -86.972006
- Latitude
- 34.58038
