8-Unit Apartment
New
For Sale
$520,000
2212 Jonathan Drive NW, Huntsville, AL 35810
Residential Income, Huntsville, AL
Property Size7,168 SF
Lot Size0.31 Acres
Price / SF$72.54
Days on Market2
Property Features for 2212 Jonathan Drive NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
8
Parking features
Driveway, Parking Lot
Patio and Porch features
Deck
Appliances
Oven, Refrigerator, Dishwasher
Subdivision
Lakewood Park
Elementary school
Lakewood
Middle school
Mcnair
High school
Jemison
Directions
Going N On Memorial Parkway U-Turn Just Before Mastin Lake Boulevard, 1st Right After U-Turn
Standard status
Active
APN
1406242001043.000
Size
7,168 SF
Lot size
0.31 Acres
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
8
Listing Agency:
Empire Property Management
(256) 507-7368
Listed By:
Julie Orth · License #100095
(256) 452-5170
Added: Oct 23
Last Checked: Oct 24 at 8:06AM
MLS# 21932496
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 8-unit apartment property contains 7,168 square feet across residences configured with 2 bedrooms and 1.5 bathrooms each. Four units—A, D, E, and G—have updated flooring and cabinets. The building dates to 1984 and is situated on a 0.31-acre lot.
Six of the eight apartments are occupied. Central heating and air conditioning serve the units, and appliances include ovens, refrigerators, and dishwashers. The property also has driveway and parking-lot parking, a deck, public water, and public sewer.
Six of the eight apartments are occupied. Central heating and air conditioning serve the units, and appliances include ovens, refrigerators, and dishwashers. The property also has driveway and parking-lot parking, a deck, public water, and public sewer.
Key Highlights
- 8 apartments with 2 bedrooms and 1.5 bathrooms per unit
- 6 of 8 units occupied
- 7,168 square feet on 0.31 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,277
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,540
$905.5K
Cap Rate 7%
$646,814
$646.8K
Cap Rate 9%
$503,078
$503.1K
Market Conditions
NOI Build-Up for 7,168 SF
Gross rent
$100.6K $14.04/SF
− Vacancy
−$18.3K −$2.56/SF
EGI
$82.3K $11.48/SF
− OpEx
−$37.0K −$5.17/SF
NOI
$45.3K $6.32/SF
Area
Huntsville, AL
Vacancy
18.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,540
Cap Rate 7%
$646,814
Cap Rate 9%
$503,078
Alternative Uses
Best Use
Apartment 5plus
$646.8K
$566.0K – $754.6K
NOI $45,277 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,658 @ 7.0% cap · market cap 25.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
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?
Apartment building - Eight two-bedroom residences include central heating and air conditioning, with four units upgraded.
Where is this apartment building located?
The property is located at 2212 Jonathan Drive NW Huntsville, AL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 8 apartments with 2 bedrooms and 1.5 bathrooms per unit; 6 of 8 units occupied; 7,168 square feet on 0.31 acres
