Residential Income
2211 Jonathan Drive Huntsville, AL 35810
New
For Sale
$345,000
MULTI_FAMILY - Huntsville, AL
Property Size3,498 SF
Lot Size0.24 Acres
Price / SF$98.63
Days on Market3
Property Features for 2211 Jonathan Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Parking Lot
- Appliances
- W/D Hookup
- Standard status
- Active
- APN
- 1406231001013.000
- Size
- 3,498 SF
- Lot size
- 0.24 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1979
- Number of units
- 4
Listing Agency:
Gateway Al Realty Group LLC
(256) 509-2078
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Last Checked: Jul 24 at 10:06PM
MLS# 21924452
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Investment Insights
Based on property information with market context.
This quadplex residential income property is offered for sale as a value-add opportunity. The seller notes that inspection of occupied units will be performed after an accepted contract, and offers should be accompanied by proof of funds (POF) and a pre-approval letter. The property consists of approximately 3,498 square feet on about 0.24 acres.
The address is 2211 Jonathan Drive in Huntsville, Alabama (Madison County). The seller describes the location as being near the Research Park district, a University of Alabama campus, and Redstone Arsenal.
The listing also indicates the seller may consider a package sale with up to 30 units at this time. Contact the listing agent for details on the package opportunity.
The address is 2211 Jonathan Drive in Huntsville, Alabama (Madison County). The seller describes the location as being near the Research Park district, a University of Alabama campus, and Redstone Arsenal.
The listing also indicates the seller may consider a package sale with up to 30 units at this time. Contact the listing agent for details on the package opportunity.
Key Highlights
- Value‑add multi‑unit property near Research Park, University of Alabama campus, and Redstone Arsenal
- Year built: 1979
- Public water and public sewer
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 | $44.1k | $12.60 |
| − Vacancy | −$7.6k | −$2.18 |
| EGI | $36.5k | $10.42 |
| − OpEx | −$10.9k | −$3.13 |
| NOI | $25.5k | $7.30 |
3,498 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.5K
$319.0K – $425.3K
NOI $25,518 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$315.6K
$276.2K – $368.3K
NOI $22,095 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$910.9K
$797.0K – $1.06M
NOI $63,762 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
21Cal Productions
Film Production
FAQs
What type of property is this?
Quadplex - Quadplex offered for sale with value-add upside, subject to post-contract inspection of occupied units.
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 $345,000.
What are key features of this property?
This property features: Value‑add multi‑unit property near Research Park, University of Alabama campus, and Redstone Arsenal; Year built: 1979; Public water and public sewer
