Renovated
For Sale
$249,900
3600 McVay Street SW, Huntsville, AL 35805
A vacant two-bedroom, one-bath unit sits alongside a tenant-occupied residence.
Property Size1,579 SF
Price / SF$158.26
Days on Market230
Property Features for 3600 McVay Street SW
General Information
Standard status
Active
Size
1,579 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,579 SF
Year Built
1960
Listing Agency:
5 Star Agency
Listed By:
Lindsay Pruitt · License #96427
(256) 617-1042
Source:
Intownpartners
Added: Mar 15
Changed: Oct 27
Last Checked: Oct 27 at 3:58AM
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
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Investment Insights
Based on property information with market context.
This 1,579-square-foot duplex, built in 1960, has been renovated throughout. Improvements include updated kitchens and bathrooms, electrical and plumbing systems, flooring, paint, windows, and doors. One 2-bedroom, 1-bath unit is vacant; the other is occupied. Appliances are included, and the roof was replaced in 2018.
Tenants pay utilities. The property is on McVay Street SW in Huntsville, Alabama.
Tenants pay utilities. The property is on McVay Street SW in Huntsville, Alabama.
Key Highlights
- 1,579‑square‑foot duplex with one vacant and one tenant‑occupied unit
- Vacant unit has 2 bedrooms and 1 bathroom
- Renovations include kitchens, baths, electrical, plumbing, flooring, paint, windows, and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,519
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
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
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 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 4.61%
Second Best
Apartment 5plus
$142.5K
$124.7K – $166.2K
NOI $9,974 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$411.2K
$359.8K – $479.7K
NOI $28,782 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
146
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A vacant two-bedroom, one-bath unit sits alongside a tenant-occupied residence.
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 $249,900.
What are key features of this property?
This property features: 1,579‑square‑foot duplex with one vacant and one tenant‑occupied unit; Vacant unit has 2 bedrooms and 1 bathroom; Renovations include kitchens, baths, electrical, plumbing, flooring, paint, windows, and doors
