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 Market214
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: Sep 8 at 12:06AM
MLS# 21908917
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,474
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
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?
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
