Fully Occupied Fourplex
3208 Village Drive Huntsville, AL 35805
New
For Sale
$385,000
MULTI_FAMILY - Huntsville, AL
Property Size3,400 SF
Lot Size0.39 Acres
Price / SF$113.24
Days on Market3
Property Features for 3208 Village Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Parking Lot
- Appliances
- W/D Hookup
- Standard status
- Active
- APN
- 1705151003040.000
- Size
- 3,400 SF
- Lot size
- 0.39 Acres
Utilities
- Sewer type
- Public Sewer
- 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
(256) 509-2078
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Last Checked: Jul 24 at 6:06PM
MLS# 21924474
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Investment Insights
Based on property information with market context.
This fourplex is a fully occupied residential income property offered for sale. The listing indicates it presents a value-add opportunity, with inspections to be performed after an accepted contract; proof of funds and a pre-approval letter are required with offers. The property size is listed as 3,400 square feet, and it sits on a 0.3907-acre lot.
The address is 3208 Village Drive in Huntsville, Alabama (35805) in Madison County. The public remarks place the property near the Research Park district, a University of Alabama campus, and Redstone Arsenal. The seller may also consider a package sale with up to 30 units.
As presented, the asset is positioned as an income-producing multifamily opportunity with current occupancy in place.
The address is 3208 Village Drive in Huntsville, Alabama (35805) in Madison County. The public remarks place the property near the Research Park district, a University of Alabama campus, and Redstone Arsenal. The seller may also consider a package sale with up to 30 units.
As presented, the asset is positioned as an income-producing multifamily opportunity with current occupancy in place.
Key Highlights
- Fully occupied value‑add property near Research Park district, University of Alabama college campus, and Redstone Arsenal
- Heating and cooling: central heating with central air
- On‑site parking lot
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 | $42.8k | $12.60 |
| − Vacancy | −$7.4k | −$2.18 |
| EGI | $35.4k | $10.42 |
| − OpEx | −$10.6k | −$3.13 |
| NOI | $24.8k | $7.30 |
3,400 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex investment is fully occupied and offered for sale near major employment and education centers.
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: Fully occupied value‑add property near Research Park district, University of Alabama college campus, and Redstone Arsenal; Heating and cooling: central heating with central air; On‑site parking lot
