4-Unit Quadplex with
For Sale
$250,000
2224 JONATHAN DRIVE NW, Huntsville, AL 38510
Residential Income, HUNTSVILLE, AL
Property Size3,610 SF
Lot Size0.23 Acres
Price / SF$69.25
Days on Market8
Property Features for 2224 JONATHAN DRIVE NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
Parking Lot, Driveway
Exterior features
Balcony
Appliances
Dishwasher, Refrigerator, Cooktop
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
14-06-23-1-001-006.000
Size
3,610 SF
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SEC 23 T3S R1W PT OF NE 1/4 OF SEC 23 & PT OF NW 1/4 OF SEC 24 DESC AS BEG S 14 DEG E 70 FT FR THE NE COR OF LOT 4 LAKEWOOD PARK TH FR POB S 14 DEG E 70 FT S 75 DEG W 145 FT TO THE E MAR OF JONATHAN DR TH N 14 DEG W 70 FT & N 75 DEG E 145 FT TO THE POB
Tax Annual Amount
2855
Legal Description
SEC 23 T3S R1W PT OF NE 1/4 OF SEC 23 & PT OF NW 1/4 OF SEC 24 DESC AS BEG S 14 DEG E 70 FT FR THE NE COR OF LOT 4 LAKEWOOD PARK TH FR POB S 14 DEG E 70 FT S 75 DEG W 145 FT TO THE E MAR OF JONATHAN DR TH N 14 DEG W 70 FT & N 75 DEG E 145 FT TO THE POB
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
4
Listing Agency:
Empire Property Management
(256) 507-7368
Listed By:
Julie Orth · License #100095
(256) 452-5170
Added: Oct 23
Changed: Oct 30
Last Checked: Oct 30 at 4:06AM
MLS# 21932499
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 Huntsville quadplex contains four residences within a 3,610-square-foot building on a 0.23-acre parcel. Each unit has two bedrooms and one-and-a-half bathrooms, with balcony access. Unit C is scheduled to receive new flooring.
The property includes central heating and central air conditioning. Dishwashers, refrigerators, and cooktops are provided, and parking is available via a driveway and parking lot. The building is served by public water.
The property includes central heating and central air conditioning. Dishwashers, refrigerators, and cooktops are provided, and parking is available via a driveway and parking lot. The building is served by public water.
Key Highlights
- Four units, each configured with 2 bedrooms and 1.5 baths
- 3,610 square feet of building area on 0.23 acres
- Balconies, central heating, and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,803
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,060
$456.1K
Cap Rate 7%
$325,757
$325.8K
Cap Rate 9%
$253,367
$253.4K
Market Conditions
NOI Build-Up for 3,610 SF
Gross rent
$50.7K $14.04/SF
− Vacancy
−$9.2K −$2.56/SF
EGI
$41.5K $11.48/SF
− OpEx
−$18.7K −$5.17/SF
NOI
$22.8K $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%
$456,060
Cap Rate 7%
$325,757
Cap Rate 9%
$253,367
Alternative Uses
Best Use
Multifamily LT 5
$376.2K
$329.2K – $438.9K
NOI $26,335 @ 7.0% cap · market cap 10.53%
Second Best
Apartment 5plus
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$940.0K
$822.5K – $1.10M
NOI $65,803 @ 7.0% cap · market cap 26.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers two bedrooms, one-and-a-half baths, and a balcony.
Where is this quadplex located?
The property is located at 2224 JONATHAN DRIVE NW Huntsville, AL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four units, each configured with 2 bedrooms and 1.5 baths; 3,610 square feet of building area on 0.23 acres; Balconies, central heating, and central air conditioning
