3601/3603 Grote Street, Huntsville, AL 35805
MULTI_FAMILY - Huntsville, AL
- Added:
- Jun 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 11 at 1:06 am
Property Features for 3601/3603 Grote Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- On Street
- Patio and Porch features
- Porch, Patio
- Appliances
- Oven, Refrigerator
- Standard status
- Active
- APN
- 010891702104006025.000
- Size
- 1,568 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Natural Gas
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 2
Listing agent John Wesley Brooks License #74782 (256) 797-2283
Listing office Capstone Realty LLC Huntsville 3306 Governors Drive SW, Huntsville, AL (256) 678-7045
Listing date Jun 9, 2026
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HighLights
- Duplex built in 1910, sold as‑is
- Updates include new windows, fresh paint (including cabinets), new flooring and subflooring, updated lighting, and updated appliances
- Some new PEX plumbing and new electrical outlets; new wall heater and AC window units
- Bathroom updates include new shower/tub, new toilet, plus new fascia and termite bond
- Leases: 3601 Grote rented $715/month; 3603 rented $670/month
- Utilities: public water and public sewer; heat is natural gas with wall furnaces; cooling via wall unit(s); on‑street parking
Overview
The property is located in the re-urbanized 35805 area of Huntsville, Alabama, near I-565 and close to the Army base, campus 805, Merrimack Theater, the breweries, Whole Foods, and Memorial Parkway 231, as well as nearby shopping and multiple municipal sports complexes.
For investors or owner-occupants seeking rental income, the duplex includes two leased units: 3601 Grote is reported as rented at $715 per month, and 3603 Grote is reported as rented at $670 per month. Tenants are already in place, which can support an immediate revenue stream while any remaining improvements are evaluated.
Local 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 | $19.8k | $12.60 |
| − Vacancy | −$3.4k | −$2.18 |
| EGI | $16.3k | $10.42 |
| − OpEx | −$4.9k | −$3.13 |
| NOI | $11.4k | $7.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.6158947
- Latitude
- 34.7010399
