Quadplex with On-Site
New
For Sale
$250,000
2226 Jonathan Drive NW, Huntsville, AL 35810
Residential Income, Huntsville, AL
Property Size3,610 SF
Lot Size0.23 Acres
Price / SF$69.25
Days on Market5
Property Features for 2226 Jonathan Drive NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
4
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
1406231001006.000
Size
3,610 SF
Lot size
0.23 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
1979
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 26
Changed: Oct 29
Last Checked: Oct 30 at 5:06AM
MLS# 21932587
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 quadplex contains 3,610 square feet across a 0.23-acre lot. Built in 1979, the property has central heating and central air conditioning, plus a deck. The appliance package includes an oven, refrigerator, and dishwasher.
Parking is available in a lot and driveway. Public water and public sewer serve the property. Current rent is $725 for a long-term tenant; the source also cites a rent match near $900 per month. Unit C is scheduled to receive new flooring.
Parking is available in a lot and driveway. Public water and public sewer serve the property. Current rent is $725 for a long-term tenant; the source also cites a rent match near $900 per month. Unit C is scheduled to receive new flooring.
Key Highlights
- Quadplex with 3,610 square feet on a 0.23‑acre lot
- Built in 1979
- 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.
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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 - Four residential units include central heating and cooling, along with a deck and dedicated parking areas.
Where is this quadplex located?
The property is located at 2226 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: Quadplex with 3,610 square feet on a 0.23‑acre lot; Built in 1979; Central heating and central air conditioning
