Four-Unit
For Sale
$574,900
2706 Lantern Walk, Huntsville, AL 35803
Residential Income, Huntsville, AL
Property Size3,352 SF
Lot Size0.24 Acres
Price / SF$171.51
Days on Market103
Property Features for 2706 Lantern Walk
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
6
Parking features
Driveway
Appliances
Oven, Refrigerator, W/D Hookup
Subdivision
Sugar Mill
Elementary school
Challenger
Middle school
Challenger
High school
Grissom High School
Directions
From Hobbs Road S Chaney Thompson R Lantern Walk
Standard status
Active
APN
2303083002014.000
Size
3,352 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
4
Listing Agency:
David Frederick Realty
(256) 539-5393
Listed By:
David Frederick · License #53565
(256) 990-2605
Added: Jul 6
Changed: Sep 12
Last Checked: Oct 16 at 7:06AM
MLS# 21922861
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit quadplex at 2706 Lantern Walk contains 3,352 square feet on a 0.243-acre parcel. The property includes central electric heating, central air conditioning, driveway parking, and public water and sewer service. Individual units are equipped with ovens, refrigerators, and washer/dryer hookups.
Unit B is currently being turned. Tenant privacy is requested, and access for inspection will be provided after an accepted contract. Offers must be submitted with cash or prequalification.
Unit B is currently being turned. Tenant privacy is requested, and access for inspection will be provided after an accepted contract. Offers must be submitted with cash or prequalification.
Key Highlights
- Four‑unit quadplex with 3,352 square feet of property size
- Situated on a 0.243‑acre parcel
- Central electric heating and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,453
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,060
$489.1K
Cap Rate 7%
$349,329
$349.3K
Cap Rate 9%
$271,700
$271.7K
Market Conditions
NOI Build-Up for 3,352 SF
Gross rent
$42.2K $12.60/SF
− Vacancy
−$7.3K −$2.18/SF
EGI
$34.9K $10.42/SF
− OpEx
−$10.5K −$3.13/SF
NOI
$24.5K $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%
$489,060
Cap Rate 7%
$349,329
Cap Rate 9%
$271,700
Alternative Uses
Best Use
Multifamily LT 5
$349.3K
$305.7K – $407.6K
NOI $24,453 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$302.5K
$264.7K – $352.9K
NOI $21,173 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$872.9K
$763.8K – $1.02M
NOI $61,100 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with central heating and cooling, public utilities, and driveway parking.
Where is this quadplex located?
The property is located at 2706 Lantern Walk Huntsville, AL.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Four‑unit quadplex with 3,352 square feet of property size; Situated on a 0.243‑acre parcel; Central electric heating and central air conditioning
