Remodeled Four-Unit Apartment
For Sale
$430,000
3606 McVay Street SW, Huntsville, AL 35805
Residential Income, Huntsville, AL
Property Size3,360 SF
Lot Size0.25 Acres
Price / SF$127.98
Days on Market52
Property Features for 3606 McVay Street SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
Off Street
Subdivision
Ridgecrest Estates
Elementary school
Ridgecrest
Middle school
Morris
High school
Columbia High
Directions
From I565 East To Jordan Lane, Exit To Go South. Jordan Lane Turns Into Patton Rd. Remain On Patton Rd To Freemont Ave. - Turn Left. Proceed To Ashland Drive - Turn Right. Ashland Dr. Turns Into Mcvay - Address Is On The Right.
Standard status
Active
Size
3,360 SF
Lot size
0.25 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Number of units
4
Listing Agency:
Property Management Inc
(615) 330-2615
Listed By:
Libby Estes · License #164403
(256) 714-6843
Added: Aug 27
Last Checked: Oct 17 at 8:06PM
MLS# 21917032
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,360-square-foot quadplex contains four 2-bedroom, 1-bath apartments that have been remodeled with updated kitchens, bathrooms, flooring, lighting, ceiling fans, and fixtures. Kitchen improvements include granite countertops, stainless steel appliances, and new cabinetry. Each apartment has its own mini-split heating and cooling system.
The property also includes a new roof, gutters, downspouts, electrical work, and plumbing. Off-street parking is provided, with public water and public sewer serving the site. The 0.25-acre property is tenant occupied and positioned near Redstone Arsenal with access to area highways.
The property also includes a new roof, gutters, downspouts, electrical work, and plumbing. Off-street parking is provided, with public water and public sewer serving the site. The 0.25-acre property is tenant occupied and positioned near Redstone Arsenal with access to area highways.
Key Highlights
- Four 2‑bedroom, 1‑bath apartments in a 3,360‑square‑foot quadplex
- Remodeled kitchens with granite countertops, stainless appliances, and new cabinets
- New LVP flooring, bathrooms, lighting, ceiling fans, and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,511
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,220
$490.2K
Cap Rate 7%
$350,157
$350.2K
Cap Rate 9%
$272,344
$272.3K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$42.3K $12.60/SF
− Vacancy
−$7.3K −$2.18/SF
EGI
$35.0K $10.42/SF
− OpEx
−$10.5K −$3.13/SF
NOI
$24.5K $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%
$490,220
Cap Rate 7%
$350,157
Cap Rate 9%
$272,344
Alternative Uses
Best Use
Multifamily LT 5
$350.2K
$306.4K – $408.5K
NOI $24,511 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$303.2K
$265.3K – $353.7K
NOI $21,224 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$874.9K
$765.6K – $1.02M
NOI $61,246 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
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
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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?
Quadplex - Tenant-occupied quadplex with renovated interiors, individual mini-split systems, off-street parking, and public utilities.
Where is this quadplex located?
The property is located at 3606 McVay Street SW Huntsville, AL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath apartments in a 3,360‑square‑foot quadplex; Remodeled kitchens with granite countertops, stainless appliances, and new cabinets; New LVP flooring, bathrooms, lighting, ceiling fans, and fixtures
