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    Remodeled Apartments with Modern Amenities Title is generated by Realmo AI

    3606 Mcvay Street SW, Huntsville, AL 35805

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    For Sale
    $455,000

    MULTI_FAMILY - Huntsville, AL

    Property size:
    3,360 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $135/SF
    Added:
    May 26, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 17 at 1:06 pm

    Property Features for 3606 Mcvay Street SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    4
    Parking features
    Off Street
    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

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    Listing Contact
    Libby Estes

    Listing agent Libby Estes License #164403

    Listing office Property Management Inc 1200 Jordan Ave NW Ste 4, AL

    Listing date May 26, 2026

    MLS# 21917032 Listing URL

    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.

    HighLights

    • $5000 seller credit for closing costs.
    • Newly remodeled with new kitchens and bathrooms.
    • Kitchen features granite countertops and stainless steel appliances.
    • New LVP flooring throughout the apartment.
    • Individual mini‑split heating and cooling systems.
    • Off‑street parking.

    Overview

    This multifamily property in Huntsville, AL, features remodeled apartments, each with 2 bedrooms and 1 bath. The units include new kitchens equipped with granite countertops, stainless steel appliances, and new cabinets. New LVP flooring is installed throughout each apartment. Bathrooms have been updated, and individual mini-split systems provide heating and cooling. Additional features include new lighting, ceiling fans, and updated kitchen and bath fixtures. The property is situated on a 0.25-acre lot. The building has a total area of 3360 square feet.

    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 $42.3k $12.60
    − Vacancy −$7.3k −$2.18
    EGI $35.0k $10.42
    − OpEx −$10.5k −$3.13
    NOI $24.5k $7.30
    3,360 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $350.2K
    $306.4K – $408.5K (±1% cap)
    NOI $24,511 @ 7.0% cap · market cap 5.39%
    Second Best
    Apartment 5plus
    $303.2K
    $265.3K – $353.7K (±1% cap)
    NOI $21,224 @ 7.0% cap · market cap 4.66%
    Theoretical Best
    Office A
    $874.9K
    $765.6K – $1.02M (±1% cap)
    NOI $61,246 @ 7.0% cap · market cap 13.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.626311
    Latitude
    34.701108

    FAQs

    What type of property is this?
    Quadplex - Remodeled 2-bedroom apartments featuring modern amenities and new appliances.
    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 $455,000.
    What are key features of this property?
    This property features: $5000 seller credit for closing costs.; Newly remodeled with **new kitchens and bathrooms**.; Kitchen features **granite countertops and stainless steel appliances**.
    More about this property
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