Fourplex with Renovated
For Sale
$285,000
Pending
2211 JONATHAN DRIVE, Huntsville, AL 35810
Residential Income, HUNTSVILLE, AL
Property Size3,498 SF
Lot Size0.24 Acres
Days on Market101
Property Features for 2211 JONATHAN DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Parking Lot
Interior features
Wired for Sound
Subdivision
LAKEWOOD PARK
Elementary school
LAKEWOOD
Middle school
MCNAIR
High school
JEMISON
Directions
North on Memorial Parkway, Make a U-turn onto Mastin Lake Rd, Right onto Jonathan Drive, building is on the right
Standard status
Pending
APN
14-06-23-1-001-013.000
Size
3,498 SF
Lot size
0.24 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 23 T3S R1W PART OF LOT 2 LAKEWOOD PARK S/D PB 9 PG 55 DESC AS COM AT THE NE COR OF SEC 23 TH S 30 FT TH N 87 DEG W 52.70 FT TH N 84 DEG W 93 FT TH S 09 DEG E 200 FT TH W 313 FT TH S 14 DEG E 292.39 FT TO THE SW COR OF LOT 3 SD S/D TH S 14 DEG E 560 FT
Tax Annual Amount
2495
Legal Description
SEC 23 T3S R1W PART OF LOT 2 LAKEWOOD PARK S/D PB 9 PG 55 DESC AS COM AT THE NE COR OF SEC 23 TH S 30 FT TH N 87 DEG W 52.70 FT TH N 84 DEG W 93 FT TH S 09 DEG E 200 FT TH W 313 FT TH S 14 DEG E 292.39 FT TO THE SW COR OF LOT 3 SD S/D TH S 14 DEG E 560 FT
Utilities
Water source
Public
Building Details
Year built
1979
Number of units
4
Listing Agency:
Gateway AL Realty Group LLC
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Changed: Oct 29
Last Checked: Oct 30 at 10:06AM
MLS# 21924452
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.
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Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,498 square feet on a 0.24-acre lot. Built in 1979, the building has a parking lot, public water service and wiring for sound. Renovation work included a newer roof installed around 2022.
Three units have long-term tenants in place. The remaining unit is vacant and requires a complete rehabilitation. The property is in Huntsville, near the Research Park district, the University of Alabama campus and Redstone Arsenal.
Three units have long-term tenants in place. The remaining unit is vacant and requires a complete rehabilitation. The property is in Huntsville, near the Research Park district, the University of Alabama campus and Redstone Arsenal.
Key Highlights
- Four‑unit residential property with 3,498 square feet of building area
- Three units occupied by long‑term tenants; one vacant unit requires total rehabilitation
- Roof work completed around 2022 as part of renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,518
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,360
$510.4K
Cap Rate 7%
$364,543
$364.5K
Cap Rate 9%
$283,533
$283.5K
Market Conditions
NOI Build-Up for 3,498 SF
Gross rent
$44.1K $12.60/SF
− Vacancy
−$7.6K −$2.18/SF
EGI
$36.5K $10.42/SF
− OpEx
−$10.9K −$3.13/SF
NOI
$25.5K $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 Rate 5%
$510,360
Cap Rate 7%
$364,543
Cap Rate 9%
$283,533
Alternative Uses
Best Use
Multifamily LT 5
$364.5K
$319.0K – $425.3K
NOI $25,518 @ 7.0% cap · market cap 8.95%
Second Best
Apartment 5plus
$315.6K
$276.2K – $368.3K
NOI $22,095 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$910.9K
$797.0K – $1.06M
NOI $63,762 @ 7.0% cap · market cap 22.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
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Business Placement
Demographics for 35810, AL
29,976
Population
13,283
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
85%
High-School Grad
28.1 sq mi
ZIP Area
1,067
Density / Sq Mi
$46,963
Median Household Income
$31,080
Median Earnings
$1,097
Median Rent
$126,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied by long-term tenants, while the fourth requires complete rehabilitation.
Where is this quadplex located?
The property is located at 2211 JONATHAN DRIVE Huntsville, AL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Four‑unit residential property with 3,498 square feet of building area; Three units occupied by long‑term tenants; one vacant unit requires total rehabilitation; Roof work completed around 2022 as part of renovation
