201 8TH AVENUE SW, Decatur, AL 35601
Four updated two-bedroom units with ample parking and a fenced yard provide turnkey residential income.
- Added:
- May 30, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 6 at 5:33 am
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 agent Binh Nguyen License #AL 149579
Listing office Goal Realty
Listing date May 30, 2026
Source Crexi
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
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
- Ample front and rear parking plus a fenced yard
- Back deck and additional storage for tenant convenience
Overview
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.
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 | $50.4k | $12.60 |
| − Vacancy | −$3.3k | −$0.82 |
| EGI | $47.1k | $11.78 |
| − OpEx | −$14.1k | −$3.53 |
| NOI | $33.0k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -86.9981166
- Latitude
- 34.6038833
