Duplex with Updated
For Sale
$315,000
3509/3511 Clopton Street, Huntsville, AL 35805
Interior improvements include granite kitchen counters, updated bathrooms, and new flooring.
Property Size2,824 SF
Price / SF$111.54
Days on Market157
Property Features for 3509/3511 Clopton Street
General Information
Standard status
Active
Size
2,824 SF
Property subtype
Duplex
Site & Location
Neighborhood
Merrimack Mill Village
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
2,824 SF
Listing Agency:
Legend Realty
Listed By:
Joy Bender · License #125234
(760) 212-2717
Source:
Intownpartners
Added: May 27
Changed: Oct 27
Last Checked: Oct 27 at 3:22AM
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
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Investment Insights
Based on property information with market context.
This 2,824-square-foot duplex has granite kitchen counters, updated bathrooms, LVP and tile flooring, and fresh interior paint. Other improvements include some replacement windows and a new garage door. The AC units were installed 1.5 years ago.
Both units are currently occupied under active leases. The property is in Huntsville, with Downtown Huntsville, Redstone Arsenal, Research Park, UAH, A&M University, Campus 805, Stovehouse, and Yellowhammer Brewery identified among the nearby destinations.
Both units are currently occupied under active leases. The property is in Huntsville, with Downtown Huntsville, Redstone Arsenal, Research Park, UAH, A&M University, Campus 805, Stovehouse, and Yellowhammer Brewery identified among the nearby destinations.
Key Highlights
- 2,824‑square‑foot duplex
- Currently rented under active leases
- Granite kitchen counters and updated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,601
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,020
$412.0K
Cap Rate 7%
$294,300
$294.3K
Cap Rate 9%
$228,900
$228.9K
Market Conditions
NOI Build-Up for 2,824 SF
Gross rent
$35.6K $12.60/SF
− Vacancy
−$6.2K −$2.18/SF
EGI
$29.4K $10.42/SF
− OpEx
−$8.8K −$3.13/SF
NOI
$20.6K $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%
$412,020
Cap Rate 7%
$294,300
Cap Rate 9%
$228,900
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
453
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?
Duplex - Interior improvements include granite kitchen counters, updated bathrooms, and new flooring.
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: 2,824‑square‑foot duplex; Currently rented under active leases; Granite kitchen counters and updated bathrooms
