Updated Duplex Redevelopment
2911 8th Avenue Huntsville, AL 35805
For Sale
$229,900
Two updated units in a duplex with tile finishes and a layout that may be configured with two bedrooms.
Property Size1,901 SF
Price / SF$120.94
Days on Market43
Property Features for 2911 8th Avenue
General Information
- Standard status
- Active
- Size
- 1,901 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1945
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Bert Klimer · License #92866
(256) 428-3780
Source:
Alabamaland
Added: Jun 12
Changed: Jul 21
Last Checked: Jul 24 at 5:38PM
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 Legend Realty
Investment Insights
Based on property information with market context.
This duplex offers two separate sides that were updated a few years ago. Updates include tile in the bathrooms and kitchens, along with appliances and countertops/vanities. The property is described as having a “shotgun” layout, which could potentially be used as two bedrooms as well. The property is being sold AS IS.
The location is in the Lowe Mill and West Huntsville area, with convenience to Lowe Mill, Stovehouse, Campus 805, and Memorial Parkway.
For buyers or investors looking for a manageable duplex configuration, the combination of prior unit updates and the existing layout provides a clear starting point for continued improvements.
The location is in the Lowe Mill and West Huntsville area, with convenience to Lowe Mill, Stovehouse, Campus 805, and Memorial Parkway.
For buyers or investors looking for a manageable duplex configuration, the combination of prior unit updates and the existing layout provides a clear starting point for continued improvements.
Key Highlights
- Duplex built in 1945 with two updated sides
- Both sides updated a few years ago with tile in bathrooms and kitchens
- Updates include appliances, countertops, and vanities
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.0k | $12.60 |
| − Vacancy | −$4.1k | −$2.18 |
| EGI | $19.8k | $10.42 |
| − OpEx | −$5.9k | −$3.13 |
| NOI | $13.9k | $7.30 |
1,901 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$198.1K
$173.4K – $231.1K
NOI $13,868 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$171.5K
$150.1K – $200.1K
NOI $12,008 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$495.0K
$433.1K – $577.5K
NOI $34,651 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two updated units in a duplex with tile finishes and a layout that may be configured with two bedrooms.
Where is this duplex located?
The property is located at 2911 8th Avenue Huntsville, AL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Duplex built in 1945 with two updated sides; Both sides updated a few years ago with tile in bathrooms and kitchens; Updates include appliances, countertops, and vanities
