Well-Maintained Quadplex
201 8TH AVENUE SW Decatur, AL 35601
For Sale
Contact for pricing
Four updated two-bedroom units with ample parking and a fenced yard provide turnkey residential income.
Property Size4,000 SF
Price / SF$99
Days on Market57
Property Features for 201 8TH AVENUE SW
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1986
Listing Agency:
Goal Realty
Listed By:
Binh Nguyen · License #AL 149579
Source:
Crexi
Added: May 30
Changed: Jul 10
Last Checked: Jul 25 at 2:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goal Realty
Investment Insights
Based on property information with market context.
This well-maintained quadplex includes four 2-bedroom, 1-bath units. Interiors have been updated with vinyl plank flooring and modernized kitchens, supporting a clean, consistent tenant-ready presentation across the property. Outside, residents benefit from ample front and rear parking, a fenced yard, a back deck, and additional storage intended for tenant convenience.
The property is located in a convenient area of Decatur, Alabama, with easy access to shopping, dining, and major employers. This setting supports day-to-day accessibility for residents and helps keep the location practical for ongoing rental operations.
For buyers seeking a residential income asset, the fully occupied status as of June 2026 offers immediate rental income. The combination of updates inside each unit and functional outdoor amenities such as parking, yard space, and shared storage can help reduce friction in day-to-day property management. No seller financing is available.
The property is located in a convenient area of Decatur, Alabama, with easy access to shopping, dining, and major employers. This setting supports day-to-day accessibility for residents and helps keep the location practical for ongoing rental operations.
For buyers seeking a residential income asset, the fully occupied status as of June 2026 offers immediate rental income. The combination of updates inside each unit and functional outdoor amenities such as parking, yard space, and shared storage can help reduce friction in day-to-day property management. No seller financing is available.
Key Highlights
- Well‑maintained quadplex built in 1986 with four 2‑bedroom, 1‑bath units
- Four updated units with vinyl plank flooring and modernized kitchens
- Fully occupied as of June 2026, providing immediate rental income
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 | $50.4k | $12.60 |
| − Vacancy | −$3.3k | −$0.82 |
| EGI | $47.1k | $11.78 |
| − OpEx | −$14.1k | −$3.53 |
| NOI | $33.0k | $8.25 |
4,000 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.2K
$412.3K – $549.8K
NOI $32,987 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$435.1K
$380.7K – $507.7K
NOI $30,459 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$832.2K
$728.2K – $970.9K
NOI $58,253 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four updated two-bedroom units with ample parking and a fenced yard provide turnkey residential income.
Where is this quadplex located?
The property is located at 201 8TH AVENUE SW Decatur, AL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Well‑maintained quadplex built in 1986 with four 2‑bedroom, 1‑bath units; Four updated units with vinyl plank flooring and modernized kitchens; Fully occupied as of June 2026, providing immediate rental income
