Quadplex Near Research
For Sale
$375,000
4418 Bonnell Drive, Huntsville, AL 35816
Residential Income, Huntsville, AL
Property Size4,116 SF
Lot Size0.25 Acres
Price / SF$91.11
Days on Market93
Property Features for 4418 Bonnell Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Parking Lot
Appliances
W/D Hookup
Subdivision
Executive Hills
Elementary school
Highlands
Middle school
Mcnair
High school
Jemison
Directions
North On Sparkman Dr., Right Onto Bonnell Dr., Building Is On The Left
Standard status
Active
APN
1408283003034.000
Size
4,116 SF
Lot size
0.25 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Number of units
4
Listing Agency:
Gateway Al Realty Group LLC
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Changed: Sep 7
Last Checked: Oct 22 at 7:06PM
MLS# 21924481
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Investment Insights
Based on property information with market context.
This quadplex contains 4,116 square feet on a 0.2479-acre lot and was built in 1985. The property includes central heating and central air, along with washer and dryer hookups. Parking is provided in an on-site lot, while public water and public sewer serve the building.
The property is situated near Huntsville’s Research Park district, the University of Alabama college campus, and Redstone Arsenal. Its residential configuration and existing utility, HVAC, and parking improvements provide the physical framework for a small multifamily holding.
The property is situated near Huntsville’s Research Park district, the University of Alabama college campus, and Redstone Arsenal. Its residential configuration and existing utility, HVAC, and parking improvements provide the physical framework for a small multifamily holding.
Key Highlights
- Quadplex with 4,116 square feet of building area
- 0.2479‑acre lot
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,026
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,520
$600.5K
Cap Rate 7%
$428,943
$428.9K
Cap Rate 9%
$333,622
$333.6K
Market Conditions
NOI Build-Up for 4,116 SF
Gross rent
$51.9K $12.60/SF
− Vacancy
−$9.0K −$2.18/SF
EGI
$42.9K $10.42/SF
− OpEx
−$12.9K −$3.13/SF
NOI
$30.0K $7.30/SF
Area
Huntsville, AL
Vacancy
17.29%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,520
Cap Rate 7%
$428,943
Cap Rate 9%
$333,622
Alternative Uses
Best Use
Multifamily LT 5
$428.9K
$375.3K – $500.4K
NOI $30,026 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$371.4K
$325.0K – $433.3K
NOI $25,999 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.07M
$937.8K – $1.25M
NOI $75,026 @ 7.0% cap · market cap 20.01%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
664
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?
Quadplex - Residential income property with central HVAC, public utilities, and dedicated lot parking.
Where is this quadplex located?
The property is located at 4418 Bonnell Drive Huntsville, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Quadplex with 4,116 square feet of building area; 0.2479‑acre lot; Built in 1985
