217 8th Street SW, Decatur, AL 35601
MULTI_FAMILY - Decatur, AL
- Added:
- Jul 6, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 7 at 10:06 am
Property Features for 217 8th Street SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 17
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 0309301002017.000
- Size
- 15,200 SF
- Lot size
- 0.66 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Number of units
- 24
Listing agent Neil Victor License #80571 (256) 457-2277
Listing office Avar Realty, LLC 120 Holmes Ave, Ste 405, Huntsville, AL (256) 457-2277
Listing date Jul 6, 2026
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.
HighLights
- Parking lot on‑site
- Public water service
- Public sewer
Overview
The property is identified for sale under the listing title “MULTI_FAMILY - Decatur, AL,” with the full address provided as 217 8th Street SW, Decatur, AL 35601. No additional details regarding unit mix, condition, or onsite amenities were included in the provided information, so prospective buyers should plan to review the available property materials and any supporting income or operating documentation during due diligence.
As a residential income asset, this property may align with investors seeking multifamily exposure in Decatur, or operators looking for an existing apartment building acquisition. The information provided supports the basics of the asset type, lot size, and total building size, but it does not include specifics such as renovation history, current occupancy, or financial performance. Buyers should therefore evaluate underwriting based on verified rents, expenses, and physical condition for the specific configuration represented by the building.
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 | $224.4k | $14.76 |
| − Vacancy | −$13.9k | −$0.92 |
| EGI | $210.4k | $13.84 |
| − OpEx | −$94.7k | −$6.23 |
| NOI | $115.7k | $7.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -86.989095
- Latitude
- 34.589114
