4-Unit Quadplex with New
For Sale
$590,000
2422 Wynterhall Road SE, Huntsville, AL 35803
Each residence has two bedrooms, two bathrooms, and fresh paint.
Property Size3,416 SF
Price / SF$172.72
Days on Market163
Property Features for 2422 Wynterhall Road SE
General Information
Standard status
Active
Size
3,416 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$1,000
Tenant in Place
Yes
Building Details
Building Size
3,416 SF
Year Built
1984
Listing Agency:
Empire Property Management
Listed By:
Julie Orth · License #100095
(256) 763-0753
Source:
Intownpartners
Added: May 21
Changed: Oct 27
Last Checked: Oct 27 at 3:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Empire Property Management
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Investment Insights
Based on property information with market context.
This 3,416-square-foot quadplex contains four residences, each with a two-bedroom, two-bathroom layout. Fresh paint has been applied in all four units. The property was built in 1984, and exterior work completed last year added balconies and stairs.
Key Highlights
- Four residences, each with 2 bedrooms and 2 bathrooms
- 3,416 square feet
- Exterior balconies and stairs added last year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,920
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,400
$498.4K
Cap Rate 7%
$356,000
$356.0K
Cap Rate 9%
$276,889
$276.9K
Market Conditions
NOI Build-Up for 3,416 SF
Gross rent
$43.0K $12.60/SF
− Vacancy
−$7.4K −$2.18/SF
EGI
$35.6K $10.42/SF
− OpEx
−$10.7K −$3.13/SF
NOI
$24.9K $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%
$498,400
Cap Rate 7%
$356,000
Cap Rate 9%
$276,889
Alternative Uses
Best Use
Multifamily LT 5
$356.0K
$311.5K – $415.3K
NOI $24,920 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$308.2K
$269.7K – $359.6K
NOI $21,577 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$889.5K
$778.3K – $1.04M
NOI $62,267 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
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Business Placement
Demographics for 35803, AL
29,001
Population
13,272
Households
2.2
Avg Household Size
43
Median Age
54%
College-Educated
96%
High-School Grad
49.2 sq mi
ZIP Area
589
Density / Sq Mi
$95,182
Median Household Income
$53,416
Median Earnings
$1,221
Median Rent
$259,100
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 - Each residence has two bedrooms, two bathrooms, and fresh paint.
Where is this quadplex located?
The property is located at 2422 Wynterhall Road SE Huntsville, AL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 2 bathrooms; 3,416 square feet; Exterior balconies and stairs added last year
