Studio Apartment Income
4009 Marie Avenue Huntsville, AL 35816
4009 Marie Avenue, Huntsville, AL, 35816
$575,000
For Sale
$575,000
For sale 6 studio apartments with updated exterior and a roof installed in 2018.
Property Size2,797 SF
Price / SF$205.58
Days on Market83
Property Features for 4009 Marie Avenue
General Information
- Standard status
- Active
- Size
- 2,797 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1974
Listing agency
Gateway Al Realty Group LLC
(256) 509-2078
Listed by
Len Johnson · License #40398
(256) 509-2078
Source
Alabamaland
Added: May 1 Updated: Jul 22 at 3:57PM Checked: Jul 22 at 3:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gateway Al Realty Group LLC
Investment Insights
Based on property information with market context.
This for-sale multifamily property features 6 studio apartments totaling 2,797 square feet. The units include a layout with a pen (open) kitchen and an alcove designed for a dedicated bedroom area. The exterior has been refreshed, and the roof was installed in 2018 (approx.). The property also provides onsite storage area and an onsite laundry opportunity for potential additional income.
The seller notes that city approval supports AirBnB and short-term rental use, and that inspections of occupied units may be available after an accepted offer.
Current reported annual income is $56,820. The seller states seller financing may be possible and highlights potential to increase revenue through mid-term rentals.
The seller notes that city approval supports AirBnB and short-term rental use, and that inspections of occupied units may be available after an accepted offer.
Current reported annual income is $56,820. The seller states seller financing may be possible and highlights potential to increase revenue through mid-term rentals.
Key Highlights
- 6 studio apartments, 2,797 SF, built in 1974
- Strong current annual income of $56,820
- City‑approved for AirBnB and short‑term rentals
Local Financial Insights For Apartment 5plus
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 | $39.3k | $14.04 |
| − Vacancy | −$7.1k | −$2.56 |
| EGI | $32.1k | $11.48 |
| − OpEx | −$14.5k | −$5.17 |
| NOI | $17.7k | $6.32 |
2,797 SF · lease $14.04/SF/yr · vacancy 18.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$252.4K
$220.9K – $294.5K
NOI $17,668 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$728.3K
$637.3K – $849.7K
NOI $50,984 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sasha Fearless
Hair Salon
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FAQs
What type of property is this?
Apartment building - For sale 6 studio apartments with updated exterior and a roof installed in 2018.
Where is this apartment building located?
The property is located at 4009 Marie Avenue Huntsville, AL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 6 studio apartments, 2,797 SF, built in 1974; Strong current annual income of $56,820; City‑approved for AirBnB and short‑term rentals
