Updated Duplex with Shotgun
For Sale
$229,900
2911 8th Avenue, Huntsville, AL 35805
MULTI_FAMILY - Huntsville, AL
Property Size1,901 SF
Lot Size0.17 Acres
Price / SF$120.94
Days on Market50
Property Features for 2911 8th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Driveway, On Street
Appliances
Oven, Refrigerator, Washer, Dryer
Subdivision
Pratt
Elementary school
Morris
Middle school
Morris
High school
Columbia High
Directions
West On Governors Drive Left On Seminole Drive, Right On 8th.
Standard status
Active
APN
1701023004023000
Size
1,901 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Bert Klimer · License #92866
(256) 656-3759
Added: Jun 12
Changed: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# 21920694
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Investment Insights
Based on property information with market context.
This duplex at 2911 8th Avenue in Huntsville offers a “shotgun” layout and updates made to both sides a few years ago. Interiors include tile in the bathrooms and kitchens, along with appliances, countertops, and vanities. The layout could potentially be used as two bedrooms. The property is being sold AS IS.
The home sits on a 0.17-acre lot with public water and public sewer. Heating is electric, and cooling is provided by window unit(s). Parking includes a driveway and on-street spaces.
Conveniently located to Lowe Mill and Stovehouse, with access to Campus 805 and Memorial Parkway nearby.
The home sits on a 0.17-acre lot with public water and public sewer. Heating is electric, and cooling is provided by window unit(s). Parking includes a driveway and on-street spaces.
Conveniently located to Lowe Mill and Stovehouse, with access to Campus 805 and Memorial Parkway nearby.
Key Highlights
- 0.17‑acre lot
- 1,901 SF duplex
- Year built 1945
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
Explore this area
Business Placement
Demographics for 35805, AL
23,189
Population
10,618
Households
2.2
Avg Household Size
31
Median Age
18%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
2,521
Density / Sq Mi
$31,247
Median Household Income
$26,824
Median Earnings
$800
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex near Lowe Mill and West Huntsville with public water and sewer and electric heating.
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: 0.17‑acre lot; 1,901 SF duplex; Year built 1945
