Six-Unit Studio Apartment
For Sale
$565,000
4009 Marie Avenue, Huntsville, AL 35816
Residential Income, Huntsville, AL
Property Size2,797 SF
Lot Size0.34 Acres
Price / SF$202
Days on Market101
Property Features for 4009 Marie Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family, Industrial
Parking
11
Parking features
Parking Lot, Off Street
Patio and Porch features
Porch
Exterior features
Curb/Gutters
Appliances
Oven, Refrigerator
Subdivision
Fanning Manor
Elementary school
Sonnie Hereford
Middle school
Huntsville
High school
Huntsville
Directions
West On University Drive, Right On Independence Dr., Right On Marie Avenue, Property Is On The Right. No Signage.
Standard status
Active
APN
1408331002021.000
Size
2,797 SF
Lot size
0.34 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Wall Furnace, Varies by Unit (Heating)
Cooling system
Central Air, Wall Unit(s)
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
6
Listing Agency:
Gateway Al Realty Group LLC
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 16
Changed: Oct 23
Last Checked: Oct 24 at 8:06AM
MLS# 21916856
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 apartment property contains 6 studio units within a 2,797-square-foot building on a 0.3444-acre parcel. The interiors have been modernized, while the exterior has received updates. A roof replacement dates to 2018 appx. Each unit may feature varying heating, including wall furnaces and electric systems, along with central air or wall-unit cooling. The property includes ovens, refrigerators, a porch, and parking in a dedicated lot and off-street areas.
Located at 4009 Marie Avenue in Huntsville, Alabama, the property is served by public water and public sewer. Short-term rental use through Air-BnB is city approved. An existing storage area could be converted into on-site laundry space, subject to the applicable requirements. Curb and gutter improvements are also present along the property.
Located at 4009 Marie Avenue in Huntsville, Alabama, the property is served by public water and public sewer. Short-term rental use through Air-BnB is city approved. An existing storage area could be converted into on-site laundry space, subject to the applicable requirements. Curb and gutter improvements are also present along the property.
Key Highlights
- 6 studio apartments in a 2,797‑square‑foot building
- 0.3444‑acre parcel at 4009 Marie Avenue, Huntsville, AL 35816
- Air‑BnB and short‑term rental use is city approved
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,668
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,360
$353.4K
Cap Rate 7%
$252,400
$252.4K
Cap Rate 9%
$196,311
$196.3K
Market Conditions
NOI Build-Up for 2,797 SF
Gross rent
$39.3K $14.04/SF
− Vacancy
−$7.1K −$2.56/SF
EGI
$32.1K $11.48/SF
− OpEx
−$14.5K −$5.17/SF
NOI
$17.7K $6.32/SF
Area
Huntsville, AL
Vacancy
18.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,360
Cap Rate 7%
$252,400
Cap Rate 9%
$196,311
Alternative Uses
Best Use
Apartment 5plus
$252.4K
$220.9K – $294.5K
NOI $17,668 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$728.3K
$637.3K – $849.7K
NOI $50,984 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
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Business Placement
Demographics for 35816, AL
15,035
Population
7,972
Households
1.9
Avg Household Size
28
Median Age
27%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,948
Density / Sq Mi
$38,947
Median Household Income
$28,060
Median Earnings
$875
Median Rent
$114,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Studio apartments with public utilities, off-street parking, and city-approved short-term rental use.
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 $565,000.
What are key features of this property?
This property features: 6 studio apartments in a 2,797‑square‑foot building; 0.3444‑acre parcel at 4009 Marie Avenue, Huntsville, AL 35816; Air‑BnB and short‑term rental use is city approved
