Renovated
For Sale
$385,000
3208 VILLAGE DRIVE, Huntsville, AL 35805
Residential Income, HUNTSVILLE, AL
Property Size3,400 SF
Price / SF$113.24
Days on Market101
Property Features for 3208 VILLAGE DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Parking Lot
Interior features
Wired for Sound
Subdivision
VILLAGE CROSSING
Elementary school
MCDONNELL
Middle school
WHITESBURG
High school
GRISSOM HIGH SCHOOL
Directions
South on Triana Blvd, Right onto Village Dr., building is on the right
Standard status
Active
APN
17-05-15-1-003-040.000
Size
3,400 SF
Taxes and HOA fees
Tax Year
2027
Tax Description
SEC 15 T4S R1W PART OF THE NE 1/4 OF SEC 15 DESC AS COM AT THE SE COR OF LOT 1 BLK 14 TRIANA VILLAGE S/D PB 4 PG 26 TH N 05 DEG E ALG THE E BDY OF SD TRIANA VILLAGE S/D 246.71 FT TH E 56.73 FT TO THE POB TH FR THE POB E 73 FT TH S 229.72 FT TO THE N MAR O
Tax Annual Amount
3349
Legal Description
SEC 15 T4S R1W PART OF THE NE 1/4 OF SEC 15 DESC AS COM AT THE SE COR OF LOT 1 BLK 14 TRIANA VILLAGE S/D PB 4 PG 26 TH N 05 DEG E ALG THE E BDY OF SD TRIANA VILLAGE S/D 246.71 FT TH E 56.73 FT TO THE POB TH FR THE POB E 73 FT TH S 229.72 FT TO THE N MAR O
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Number of units
4
Listing Agency:
Gateway AL Realty Group LLC
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Changed: Oct 29
Last Checked: Oct 30 at 9:06AM
MLS# 21924474
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.
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Investment Insights
Based on property information with market context.
This 3,400-square-foot quadplex contains four residential units and was built in 1983. A 2022 renovation updated the roof, exterior paint, landscaping, windows, kitchens, bathrooms, flooring, appliances, water heaters, and HVAC units. Central heating and air conditioning serve the property, with a parking lot and public water. Interior wiring supports sound.
Key Highlights
- Four‑unit residential property
- 3,400 square feet; built in 1983
- 2022 improvements include new roof, windows, kitchens, baths, floors, appliances, water heaters, and HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,803
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,060
$496.1K
Cap Rate 7%
$354,329
$354.3K
Cap Rate 9%
$275,589
$275.6K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$42.8K $12.60/SF
− Vacancy
−$7.4K −$2.18/SF
EGI
$35.4K $10.42/SF
− OpEx
−$10.6K −$3.13/SF
NOI
$24.8K $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%
$496,060
Cap Rate 7%
$354,329
Cap Rate 9%
$275,589
Alternative Uses
Best Use
Multifamily LT 5
$354.3K
$310.0K – $413.4K
NOI $24,803 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$306.8K
$268.5K – $357.9K
NOI $21,476 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$885.4K
$774.7K – $1.03M
NOI $61,975 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units received substantial interior and exterior improvements in 2022.
Where is this quadplex located?
The property is located at 3208 VILLAGE DRIVE Huntsville, AL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Four‑unit residential property; 3,400 square feet; built in 1983; 2022 improvements include new roof, windows, kitchens, baths, floors, appliances, water heaters, and HVAC units
