Renovated
For Sale
$400,000
3822 COBB DRIVE, Huntsville, AL 35805
Residential Income, HUNTSVILLE, AL
Property Size3,336 SF
Lot Size0.22 Acres
Price / SF$119.90
Days on Market105
Property Features for 3822 COBB DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Parking Lot
Window features
Insulated Windows
Interior features
Wired for Sound
Fencing
Privacy
Appliances
Dishwasher, Electric Water Heater, Refrigerator, Cooktop
Subdivision
GLENN
Elementary school
MCDONNELL
Middle school
WHITESBURG
High school
GRISSOM HIGH SCHOOL
Directions
West on Drake Ave., Left onto Cobb, Second Building on the right
Standard status
Active
APN
17-06-14-2-001-002.000
Size
3,336 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2027
Tax Description
SEC 14 T4S R1W PART OF LOT 1 BLK 2 GLEN'LL FARMS PB 1 PG 207 DESC AS COM AT THE SW COR OF SD LOT 1 TH E 750 FT TO THE POB TH FR THE POB N 67.78 FT TH E 54.18 FT TH S 1.28 FT TH E 38.30 FT TH N 2.13 FT TH E 60.23 FT TH S 67.78 FT TH W 154.58 FT TO THE POB
Tax Annual Amount
3254
Legal Description
SEC 14 T4S R1W PART OF LOT 1 BLK 2 GLEN'LL FARMS PB 1 PG 207 DESC AS COM AT THE SW COR OF SD LOT 1 TH E 750 FT TO THE POB TH FR THE POB N 67.78 FT TH E 54.18 FT TH S 1.28 FT TH E 38.30 FT TH N 2.13 FT TH E 60.23 FT TH S 67.78 FT TH W 154.58 FT TO THE POB
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Number of units
4
Listing Agency:
Gateway AL Realty Group LLC
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Changed: Oct 29
Last Checked: Nov 3 at 9:06PM
MLS# 21924482
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 3,336-square-foot quadplex sits on a 0.22-acre parcel and was built in 1984. Work completed in 2019 covered both the units and shared areas, including updated kitchens, appliances, bathrooms, flooring, windows, doors, electrical wiring and panel, roof, gutters, and front stairs and deck. Four HVAC units were also replaced. Exterior improvements included fresh paint, landscaping, a rear privacy fence, and a new parking lot.
The property is in Huntsville near the Research Park district, the University of Alabama campus, and Redstone Arsenal. It was fully occupied at the time described.
The property is in Huntsville near the Research Park district, the University of Alabama campus, and Redstone Arsenal. It was fully occupied at the time described.
Key Highlights
- Quadplex with 3,336 square feet on a 0.22‑acre parcel
- Fully occupied at the time described
- 2019 upgrades included kitchens, bathrooms, flooring, windows, roof, and electrical work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,336
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,720
$486.7K
Cap Rate 7%
$347,657
$347.7K
Cap Rate 9%
$270,400
$270.4K
Market Conditions
NOI Build-Up for 3,336 SF
Gross rent
$42.0K $12.60/SF
− Vacancy
−$7.3K −$2.18/SF
EGI
$34.8K $10.42/SF
− OpEx
−$10.4K −$3.13/SF
NOI
$24.3K $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%
$486,720
Cap Rate 7%
$347,657
Cap Rate 9%
$270,400
Alternative Uses
Best Use
Multifamily LT 5
$347.7K
$304.2K – $405.6K
NOI $24,336 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$301.0K
$263.4K – $351.2K
NOI $21,072 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$868.7K
$760.1K – $1.01M
NOI $60,809 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
422
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The fully occupied property received extensive building and unit upgrades in 2019.
Where is this quadplex located?
The property is located at 3822 COBB DRIVE Huntsville, AL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Quadplex with 3,336 square feet on a 0.22‑acre parcel; Fully occupied at the time described; 2019 upgrades included kitchens, bathrooms, flooring, windows, roof, and electrical work
