Huntsville Multifamily Investment
3504 Penny SW Street Huntsville, AL 35805
3504 Penny SW Street, Huntsville, AL, 35805
$595,000
For Sale
$595,000
Four-unit property near Redstone Arsenal with recent updates.
Property Size4,428 SF
Price / SF$134.37
Days on Market147
Property Features for 3504 Penny SW Street
General Information
- Standard status
- Active
- Size
- 4,428 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing Agency
Capstone Realty LLC Huntsville
(256) 361-5593
Listed by
Ben Nemec · License #100792
(256) 361-5593
Source
Exitrealty
Added: Feb 20 Checked: Jul 16 at 7:18 am
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 Capstone Realty LLC Huntsville
Investment Insights
Based on property information with market context.
This four-unit multifamily property, located in Huntsville, presents an investment opportunity. The property is situated in a location that provides convenient access to Redstone Arsenal, shopping, dining, and entertainment options. Downtown Huntsville is approximately 5 minutes away. The property has a total size of 4428 square feet. Recent updates include a roof that is 2 years old. Unit A has been fully renovated with updated plumbing, plus a new washer and dryer that are 2 years old. Unit C features a new kitchen counter that is 2.5 years old and a water heater that is 1.5 years old. Unit B has 2 new windows that are 2 years old. Three units have new refrigerators within the last 1 to 2.5 years. The property offers rental potential in a high-demand area.
Key Highlights
- Prime location: Minutes from Redstone Arsenal, shopping, dining, entertainment, and 5 minutes to downtown Huntsville.
- Strong rental potential in a high‑demand area.
- Turnkey investment opportunity.
Local 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 | $55.8k | $12.60 |
| − Vacancy | −$9.6k | −$2.18 |
| EGI | $46.1k | $10.42 |
| − OpEx | −$13.8k | −$3.13 |
| NOI | $32.3k | $7.30 |
4,428 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.5K
$403.8K – $538.4K
NOI $32,302 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$399.6K
$349.6K – $466.2K
NOI $27,970 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,714 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property near Redstone Arsenal with recent updates.
Where is this quadplex located?
The property is located at 3504 Penny SW Street Huntsville, AL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime location: Minutes from Redstone Arsenal, shopping, dining, entertainment, and 5 minutes to downtown Huntsville.; Strong rental potential in a high‑demand area.; Turnkey investment opportunity.
