Updated
For Sale
$245,000
204 Beirne Avenue NE, Huntsville, AL 35801
Residential Income, Huntsville, AL
Property Size1,250 SF
Lot Size0.13 Acres
Price / SF$196
Days on Market44
Property Features for 204 Beirne Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
Driveway
Appliances
Refrigerator, Oven, W/D Hookup
Subdivision
Mcculloughs
Elementary school
Martin Luther King Jr
Middle school
Chapman
High school
Lee High School
Directions
North On Memorial Parkway, Right On Oakwood Avenue, Right On Andrew Jackson, Right On Beirne Avenue, Property Is On The Right.
Standard status
Active
APN
1407362001028.000
Size
1,250 SF
Lot size
0.13 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Wall Furnace
Cooling system
Central Air, Wall Unit(s)
Water source
Public
Building Details
Number of units
2
Listing Agency:
Keller Williams Horizon · Keller Williams Realty
(256) 801-2501
Listed By:
Pranteek Patnaik · License #83003
(256) 694-0117
Added: Jul 23
Changed: Aug 27
Last Checked: Sep 4 at 6:06PM
MLS# 21904634
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 duplex contains two residential units, each configured with 2 bedrooms and 1 full bath. Both units have updated interiors and fresh paint. Property size is 1,250 square feet on a 0.1304-acre lot, with driveway parking and public water and sewer service. Appliance features include refrigerators, ovens, and washer/dryer hookups. Heating is provided by central systems and wall furnaces, while cooling includes central air and wall units.
Unit B is vacant and available for showings. Unit A is tenant-occupied and requires 48 hours’ notice for access. The property is located at 204 Beirne Avenue NE in Huntsville, Alabama 35801.
Unit B is vacant and available for showings. Unit A is tenant-occupied and requires 48 hours’ notice for access. The property is located at 204 Beirne Avenue NE in Huntsville, Alabama 35801.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- 1,250 square feet on a 0.1304‑acre lot
- Both units feature fresh paint and renovated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,119
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,380
$182.4K
Cap Rate 7%
$130,271
$130.3K
Cap Rate 9%
$101,322
$101.3K
Market Conditions
NOI Build-Up for 1,250 SF
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.
Gross rent
$15.8K $12.60/SF
− Vacancy
−$2.7K −$2.18/SF
EGI
$13.0K $10.42/SF
− OpEx
−$3.9K −$3.13/SF
NOI
$9.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,380
Cap Rate 7%
$130,271
Cap Rate 9%
$101,322
Alternative Uses
Best Use
Multifamily LT 5
$130.3K
$114.0K – $152.0K
NOI $9,119 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$112.8K
$98.7K – $131.6K
NOI $7,896 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$325.5K
$284.8K – $379.8K
NOI $22,785 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature refreshed interiors, separate living arrangements, and driveway parking.
Where is this duplex located?
The property is located at 204 Beirne Avenue NE Huntsville, AL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; 1,250 square feet on a 0.1304‑acre lot; Both units feature fresh paint and renovated interiors
