Duplex With Fenced
For Sale
$262,500
3600 McVay Street SW, Huntsville, AL 35805
Residential Income, Huntsville, AL
Property Size1,579 SF
Lot Size0.25 Acres
Price / SF$166.24
Days on Market70
Property Features for 3600 McVay Street SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family, Residential
Parking
2
Parking features
Driveway
Fencing
Fenced
Appliances
Refrigerator, Dishwasher, Washer, Dryer, Disposal
Subdivision
A W Newson Mcclung
Elementary school
Ridgecrest
Middle school
Morris
High school
Columbia High
Directions
West On Drake, Right On Mcvay, Destination Is On The Left
Standard status
Active
APN
1702103004007000
Size
1,579 SF
Lot size
0.25 Acres
Utilities
Sewer type
Private Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Listing Agency:
5 Star Agency
(256) 617-1042
Listed By:
Sophia Edmonson · License #110331
(256) 361-7611
Added: Jul 9
Changed: Sep 9
Last Checked: Sep 16 at 4:06AM
MLS# 21912298
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Investment Insights
Based on property information with market context.
This 1,579-square-foot duplex contains two residential units, each configured with two bedrooms and one bathroom. The property includes central heating, electric heat, central air, refrigerators, dishwashers, washers, dryers, and disposals. A driveway provides on-site parking, while fencing encloses the 0.25-acre parcel. The roof was replaced in 2018, and one unit is currently occupied.
Built in 1960, the property is served by public water and private sewer. The address is in Huntsville, Alabama, within Madison County. The existing two-unit layout, conveyed appliances, driveway parking, and enclosed grounds provide a defined residential income property configuration.
Built in 1960, the property is served by public water and private sewer. The address is in Huntsville, Alabama, within Madison County. The existing two-unit layout, conveyed appliances, driveway parking, and enclosed grounds provide a defined residential income property configuration.
Key Highlights
- Two‑unit duplex with 1,579 square feet of property size
- Each unit includes 2BR/1BA
- 0.25‑acre fenced parcel with driveway parking
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
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Current Use
Lease Details
2
Residential units
50%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences offer two bedrooms, one bathroom, and central heating and cooling.
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 1,579 square feet of property size; Each unit includes 2BR/1BA; 0.25‑acre fenced parcel with driveway parking
