Renovated Two-Unit
For Sale
$262,500
3600 McVay Street SW, Huntsville, AL 35805
Two matching units provide two bedrooms and one bathroom apiece.
Property Size1,579 SF
Price / SF$166.24
Days on Market170
Property Features for 3600 McVay Street SW
General Information
Standard status
Active
Size
1,579 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
1,579 SF
Year Built
1960
Buildings
1
Stories
1
Units
2
Listing Agency:
5 Star Agency
(256) 617-1042
Listed By:
Sophia Edmonson · License #110331
Source:
Alabamaland
Added: Mar 15
Changed: Aug 29
Last Checked: Aug 30 at 5:34PM
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 5 Star Agency
Investment Insights
Based on property information with market context.
This Huntsville duplex contains 1,579 square feet and is configured as two residential units, each with two bedrooms and one bathroom. Interior and exterior renovations have been completed, and the sale includes all appliances. The roof was replaced in 2018.
One unit is occupied, while the second unit provides additional residential space within the same building. Built in 1960, the property is located at 3600 McVay Street SW in Huntsville, Alabama.
One unit is occupied, while the second unit provides additional residential space within the same building. Built in 1960, the property is located at 3600 McVay Street SW in Huntsville, Alabama.
Key Highlights
- Two‑unit duplex with 2BR/1BA floor plans in each unit
- 1,579 square feet of total property size
- Interior and exterior renovations completed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,519
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,380
$230.4K
Cap Rate 7%
$164,557
$164.6K
Cap Rate 9%
$127,989
$128.0K
Market Conditions
NOI Build-Up for 1,579 SF
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.
Gross rent
$19.9K $12.60/SF
− Vacancy
−$3.4K −$2.18/SF
EGI
$16.5K $10.42/SF
− OpEx
−$4.9K −$3.13/SF
NOI
$11.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,380
Cap Rate 7%
$164,557
Cap Rate 9%
$127,989
Alternative Uses
Best Use
Multifamily LT 5
$164.6K
$144.0K – $192.0K
NOI $11,519 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$142.5K
$124.7K – $166.2K
NOI $9,974 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$411.2K
$359.8K – $479.7K
NOI $28,782 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching units provide two bedrooms and one bathroom apiece.
Where is this duplex located?
The property is located at 3600 McVay Street SW Huntsville, AL.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Two‑unit duplex with 2BR/1BA floor plans in each unit; 1,579 square feet of total property size; Interior and exterior renovations completed
