4-Unit
3065 Alabama 40, Henagar, AL 35978
For Sale
New
$215,000
Residential Income, Henagar, AL
Property Size2,696 SF
Lot Size0.92 Acres
Price / SF$79.75
Days on Market4
Property Features for 3065 Alabama 40
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Basement
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
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
BHHS Southern Routes Realty · Real Living
(706) 657-2353
Listed By:
Amy Crocker Mullins · License #341577
(423) 290-1821
Added: Nov 4
Last Checked: Nov 7 at 2:06PM
MLS# 1545705
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.
Built in 1997, this four-unit property contains 2,696 square feet on a 0.92-acre parcel. Each residence is configured with one bedroom and one bathroom. The building has vinyl siding and a metal roof, with driveway parking and a porch. The property is fully occupied.
The property is 2 miles from I-59, 20 minutes from Fort Payne, and 25 minutes from Trenton. Public water and a septic system serve the site.
The property is 2 miles from I-59, 20 minutes from Fort Payne, and 25 minutes from Trenton. Public water and a septic system serve the site.
Key Highlights
- Four units, each with one bedroom and one bathroom
- 2,696 square feet on 0.92 acres
- Built in 1997; vinyl siding and metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,881
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,620
$317.6K
Cap Rate 7%
$226,871
$226.9K
Cap Rate 9%
$176,456
$176.5K
Market Conditions
NOI Build-Up for 2,696 SF
Gross rent
$24.3K $9.00/SF
− Vacancy
−$1.6K −$0.59/SF
EGI
$22.7K $8.42/SF
− OpEx
−$6.8K −$2.52/SF
NOI
$15.9K $5.89/SF
Area
DeKalb County, AL
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,620
Cap Rate 7%
$226,871
Cap Rate 9%
$176,456
Alternative Uses
Best Use
Multifamily LT 5
$226.9K
$198.5K – $264.7K
NOI $15,881 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$210.3K
$184.0K – $245.3K
NOI $14,719 @ 7.0% cap · market cap 6.85%
Theoretical Best
Healthcare Medical
$434.3K
$380.0K – $506.7K
NOI $30,403 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 one bedroom and one bathroom.
Where is this quadplex located?
The property is located at 3065 Alabama 40 Henagar, AL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Four units, each with one bedroom and one bathroom; 2,696 square feet on 0.92 acres; Built in 1997; vinyl siding and metal roof
