Fully Occupied
For Sale
$400,000
3822 Cobb Drive, Huntsville, AL 35805
MULTI_FAMILY - Huntsville, AL
Property Size3,336 SF
Lot Size0.22 Acres
Price / SF$119.90
Days on Market15
Property Features for 3822 Cobb Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Parking Lot
Appliances
W/D Hookup
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
1706142001002.000
Size
3,336 SF
Lot size
0.22 Acres
Utilities
Sewer type
Public Sewer
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
(256) 509-2078
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Last Checked: Aug 5 at 10:06AM
MLS# 21924482
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Investment Insights
Based on property information with market context.
This quadplex contains 3,336 square feet on a 0.22-acre lot and was built in 1984. The property is fully occupied and includes central heating, central air conditioning, a washer and dryer hookup, and a parking lot. Public water and public sewer serve the building.
The property is located in Huntsville near the Research Park district, the University of Alabama college campus, and Redstone Arsenal. Its residential configuration and existing occupancy provide a defined income-property profile, while the on-site parking and central mechanical systems support day-to-day use across the building.
The property is located in Huntsville near the Research Park district, the University of Alabama college campus, and Redstone Arsenal. Its residential configuration and existing occupancy provide a defined income-property profile, while the on-site parking and central mechanical systems support day-to-day use across the building.
Key Highlights
- Quadplex property with 3,336 square feet
- Fully occupied residential income property
- Built in 1984 on 0.22 acres
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 | $42.0k | $12.60 |
| − Vacancy | −$7.3k | −$2.18 |
| EGI | $34.8k | $10.42 |
| − OpEx | −$10.4k | −$3.13 |
| NOI | $24.3k | $7.30 |
3,336 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
505
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with central heating, central air, and on-site parking.
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 property with 3,336 square feet; Fully occupied residential income property; Built in 1984 on 0.22 acres
