Lakefront
New
For Sale
$469,000
515 & 517 HOWELL ROAD, Guntersville, AL 35976
Residential Income, GUNTERSVILLE, AL
Property Size2,389 SF
Lot Size0.62 Acres
Price / SF$196.32
Days on Market4
Property Features for 515 & 517 HOWELL ROAD
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
10
Parking features
Driveway
Window features
Storm Window(s)
Patio and Porch features
Patio, Porch, Deck
Exterior features
Water Access
Appliances
Cooktop, Refrigerator, Dishwasher, Washer, Dryer, Gas Water Heater, Electric Water Heater
Subdivision
METES AND BOUNDS
Elementary school
GUNTERSVILLE
Middle school
GUNTERSVILLE
High school
GUNTERSVILLE
Directions
From Guntersville on higway 227 toward the state park Left on Monto Sano Road, right onto Howell Road, property is ahead on the left with sign
Standard status
Active
APN
09-01-02-0-000-009.000
Size
2,389 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM @ SW COR SEC 2-7-4; TH E 217.32 TO W ROW OF HOWELL RD; TH NELY ALG SAID ROW 149.15 TO POB; TH CONT ALG SAID ROW 19; TH NW 153.19; TH SW 29.55; TH SSE 150.43 TO POB CONT .17 AC(D) 5268/07 932/335
Tax Annual Amount
1100
Legal Description
COM @ SW COR SEC 2-7-4; TH E 217.32 TO W ROW OF HOWELL RD; TH NELY ALG SAID ROW 149.15 TO POB; TH CONT ALG SAID ROW 19; TH NW 153.19; TH SW 29.55; TH SSE 150.43 TO POB CONT .17 AC(D) 5268/07 932/335
Utilities
Heating system
Wall Furnace, Forced Air, Natural Gas, Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Water front features
Lake Front
Water front
1
Amenities
FEMA approved storm shelter
granite countertops
concrete floors
oversized patio
firepit
water access
detached garage
Building Details
Floors in Building
1
Number of units
3
Listing Agency:
Re/Max Heritage · RE/MAX International
(256) 586-4410
Listed By:
Brenda King · License #97861
(256) 550-2101
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 3 at 6:06AM
MLS# 21933073
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 2,389-square-foot triplex consists of three cabins on a 0.62-acre parcel. The smallest has 1 bedroom and 1 bathroom, another has 2 bedrooms and 1 bathroom, and the largest includes 3 bedrooms and 2 bathrooms. Interior and site features include granite, concrete flooring, a detached garage, and a FEMA-approved storm shelter.
The property is lakefront on Guntersville Lake and includes water access. A patio, porch, deck, and firepit provide several outdoor spaces. Public water serves the property.
The property is lakefront on Guntersville Lake and includes water access. A patio, porch, deck, and firepit provide several outdoor spaces. Public water serves the property.
Key Highlights
- Three cabins with a combined 2,389 square feet
- Cabin layouts: 2 bedrooms and 1 bathroom; 1 bedroom and 1 bathroom; 3 bedrooms and 2 bathrooms
- 0.62‑acre lakefront property on Guntersville Lake with water access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,072
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,440
$281.4K
Cap Rate 7%
$201,029
$201.0K
Cap Rate 9%
$156,356
$156.4K
Market Conditions
NOI Build-Up for 2,389 SF
Gross rent
$21.5K $9.00/SF
− Vacancy
−$1.4K −$0.59/SF
EGI
$20.1K $8.42/SF
− OpEx
−$6.0K −$2.52/SF
NOI
$14.1K $5.89/SF
Area
Marshall County, AL
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,440
Cap Rate 7%
$201,029
Cap Rate 9%
$156,356
Alternative Uses
Best Use
Multifamily LT 5
$201.0K
$175.9K – $234.5K
NOI $14,072 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$184.7K
$161.7K – $215.5K
NOI $12,932 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$515.6K
$451.2K – $601.6K
NOI $36,094 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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Business Placement
Demographics for 35976, AL
16,787
Population
7,472
Households
2.2
Avg Household Size
47
Median Age
31%
College-Educated
88%
High-School Grad
127.6 sq mi
ZIP Area
132
Density / Sq Mi
$72,579
Median Household Income
$39,354
Median Earnings
$792
Median Rent
$254,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three detached cabins offer varied bedroom layouts, with a garage and outdoor gathering space on the property.
Where is this triplex located?
The property is located at 515 & 517 HOWELL ROAD Guntersville, AL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Three cabins with a combined 2,389 square feet; Cabin layouts: 2 bedrooms and 1 bathroom; 1 bedroom and 1 bathroom; 3 bedrooms and 2 bathrooms; 0.62‑acre lakefront property on Guntersville Lake with water access
