7-Unit Apartment
2880 County Road 671, Henagar, AL 35978
For Sale
New
$335,000
Residential Income, Henagar, AL
Property Size2,738 SF
Lot Size4.22 Acres
Price / SF$122.35
Days on Market4
Property Features for 2880 County Road 671
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Fencing
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Amenities
shared laundry building
Building Details
Year built
Number of units
Listing Agency:
BHHS Southern Routes Realty · Real Living
(706) 657-2353
Listed By:
Amy Crocker Mullins · License #341577
(423) 290-1821
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 7 at 2:06PM
MLS# 1545824
Copyright © 2026 Greater Chattanooga Association of REALTORS. 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.
Set on 4.22 acres, this multifamily property contains seven rental units: three apartments within a house and four tiny homes. A separate shared laundry building serves the property. The acreage is described as unrestricted, and all seven units are occupied.
The property is served by public water and a septic system. Cooling varies by unit, and parking is provided by driveway. The main house was built in 2005.
The property is served by public water and a septic system. Cooling varies by unit, and parking is provided by driveway. The main house was built in 2005.
Key Highlights
- Seven rental units across three apartments in a house and four tiny homes
- 4.22 acres described as unrestricted
- All seven units occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,948
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,960
$299.0K
Cap Rate 7%
$213,543
$213.5K
Cap Rate 9%
$166,089
$166.1K
Market Conditions
NOI Build-Up for 2,738 SF
Gross rent
$28.9K $10.56/SF
− Vacancy
−$1.7K −$0.63/SF
EGI
$27.2K $9.93/SF
− OpEx
−$12.2K −$4.47/SF
NOI
$14.9K $5.46/SF
Area
DeKalb County, AL
Vacancy
6.00%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,960
Cap Rate 7%
$213,543
Cap Rate 9%
$166,089
Alternative Uses
Best Use
Apartment 5plus
$213.5K
$186.9K – $249.1K
NOI $14,948 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$441.1K
$386.0K – $514.6K
NOI $30,876 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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Business Placement
Demographics for 35978, AL
5,436
Population
2,305
Households
2.4
Avg Household Size
43
Median Age
9%
College-Educated
83%
High-School Grad
69.4 sq mi
ZIP Area
78
Density / Sq Mi
$52,545
Median Household Income
$35,914
Median Earnings
$747
Median Rent
$123,900
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 - The rental configuration combines apartments in a house with four separate tiny homes and shared laundry facilities.
Where is this apartment building located?
The property is located at 2880 County Road 671 Henagar, AL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Seven rental units across three apartments in a house and four tiny homes; 4.22 acres described as unrestricted; All seven units occupied
