Updated Investment
3509/3511 Clopton Street Huntsville, AL 35805
For Sale
$315,000
Duplex with granite kitchen counters, updated bathrooms, new flooring, fresh paint, and newer AC units, currently rented under active leases.
Property Size2,824 SF
Price / SF$111.54
Days on Market64
Property Features for 3509/3511 Clopton Street
General Information
Standard status
Active
Size
2,824 SF
Property subtype
Multi Family Home
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Joy Bender · License #125234
Source:
Alabamaland
Added: May 27
Changed: Jul 25
Last Checked: Jul 28 at 5:08PM
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 Legend Realty
Investment Insights
Based on property information with market context.
This updated investment duplex offers two units currently rented under active leases. Improvements include granite kitchen counters, updated bathrooms, new LVP and tile flooring, fresh interior paint, and some new windows. Additional recent updates noted include new AC units installed about 1.5 years ago and a new garage door.
The property is described as being convenient to work and local destinations, including Downtown Huntsville, Redstone Arsenal, Research Park, UAH, A&M University, Campus 805, Stovehouse, and Yellowhammer Brewery.
The duplex configuration and current lease status make it well suited for an investor seeking an income-producing property with documented interior and mechanical updates.
The property is described as being convenient to work and local destinations, including Downtown Huntsville, Redstone Arsenal, Research Park, UAH, A&M University, Campus 805, Stovehouse, and Yellowhammer Brewery.
The duplex configuration and current lease status make it well suited for an investor seeking an income-producing property with documented interior and mechanical updates.
Key Highlights
- Duplex currently rented under active leases
- Updates include granite kitchen counters and updated bathrooms
- Newer flooring with LVP and tile, plus fresh interior paint
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 | $35.6k | $12.60 |
| − Vacancy | −$6.2k | −$2.18 |
| EGI | $29.4k | $10.42 |
| − OpEx | −$8.8k | −$3.13 |
| NOI | $20.6k | $7.30 |
2,824 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.3K
$257.5K – $343.4K
NOI $20,601 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$254.8K
$223.0K – $297.3K
NOI $17,838 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$735.4K
$643.5K – $857.9K
NOI $51,476 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with granite kitchen counters, updated bathrooms, new flooring, fresh paint, and newer AC units, currently rented under active leases.
Where is this duplex located?
The property is located at 3509/3511 Clopton Street Huntsville, AL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Duplex currently rented under active leases; Updates include granite kitchen counters and updated bathrooms; Newer flooring with LVP and tile, plus fresh interior paint
