8-Unit Apartment
For Sale
$575,000
4100 Broyles Avenue, Huntsville, AL 35805
Residential Income, Huntsville, AL
Property Size5,616 SF
Lot Size0.45 Acres
Price / SF$102.39
Days on Market253
Property Features for 4100 Broyles Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
16
Parking features
Driveway
Subdivision
Patton Meadows
Elementary school
Ridgecrest
Middle school
Westlawn
High school
Columbia High
Directions
Going West On Drake, Turn Left Onto Patton Road, Left Onto Broyles Avenue, And Property Will Be On The Left.
Standard status
Active
Size
5,616 SF
Lot size
0.45 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1964
Number of units
8
Listing Agency:
Rosenblum Realty, Inc.
(256) 539-9501
Listed By:
Kristin Milam · License #145729
(256) 425-2549
Added: Feb 6
Changed: Sep 3
Last Checked: Oct 17 at 7:06PM
MLS# 21908917
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Investment Insights
Based on property information with market context.
This 8-unit apartment building contains five one-bedroom residences and three two-bedroom residences within 5,616 square feet. Built in 1964, the property has a 2015 roof, while select units feature updated LVP flooring and new paint. Cooling is provided by window units, with driveway parking and public water and sewer service.
The property is located near Redstone Arsenal, shopping, dining, Memorial Parkway, I-565, and downtown Huntsville. Its 0.45-acre site offers an established multifamily setting with a defined unit mix and access to nearby employment, services, and transportation routes.
The property is located near Redstone Arsenal, shopping, dining, Memorial Parkway, I-565, and downtown Huntsville. Its 0.45-acre site offers an established multifamily setting with a defined unit mix and access to nearby employment, services, and transportation routes.
Key Highlights
- 8 total units: 5 one‑bedroom and 3 two‑bedroom apartments
- 5,616 square feet on a 0.45‑acre lot
- 2015 roof replacement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,474
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,480
$709.5K
Cap Rate 7%
$506,771
$506.8K
Cap Rate 9%
$394,156
$394.2K
Market Conditions
NOI Build-Up for 5,616 SF
Gross rent
$78.8K $14.04/SF
− Vacancy
−$14.4K −$2.56/SF
EGI
$64.5K $11.48/SF
− OpEx
−$29.0K −$5.17/SF
NOI
$35.5K $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%
$709,480
Cap Rate 7%
$506,771
Cap Rate 9%
$394,156
Alternative Uses
Best Use
Apartment 5plus
$506.8K
$443.4K – $591.2K
NOI $35,474 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,368 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment property with a mix of one- and two-bedroom residences near employment, retail, dining, and transportation access.
Where is this apartment building located?
The property is located at 4100 Broyles 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: 8 total units: 5 one‑bedroom and 3 two‑bedroom apartments; 5,616 square feet on a 0.45‑acre lot; 2015 roof replacement
