Triplex with R2B
602 Beirne Avenue Huntsville, AL 35801
602 Beirne Avenue, Huntsville, AL, 35801
$445,000
For Sale
$445,000
Triplex for sale near downtown and the medical district, with R2B multifamily zoning.
Property Size1,920 SF
Price / SF$231.77
Days on Market127
Property Features for 602 Beirne Avenue
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Multi Family Home
Listing agency
Averbuch Realty
(256) 883-6600
Listed by
Scott Averbuch · License #19471
(256) 883-6600
Source
Alabamaland
Added: Mar 19 Updated: Jul 22 at 4:22PM Checked: Jul 23 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Averbuch Realty
Investment Insights
Based on property information with market context.
This triplex at 602 Beirne Avenue offers residential income potential in a convenient location. The property is identified as a multifamily asset and is classified under R2B multifamily zoning.
The public remarks note it is near downtown and the medical district, including convenience to Huntsville Hospital.
Offered for sale at a stated list price of $445,000, this triplex provides a straightforward multifamily configuration under R2B zoning within the R2B classification referenced in the property information.
The public remarks note it is near downtown and the medical district, including convenience to Huntsville Hospital.
Offered for sale at a stated list price of $445,000, this triplex provides a straightforward multifamily configuration under R2B zoning within the R2B classification referenced in the property information.
Key Highlights
- Triplex for sale near downtown and the medical district
- Convenient to Huntsville Hospital
- R2B multifamily zoning
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.2k | $12.60 |
| − Vacancy | −$4.2k | −$2.18 |
| EGI | $20.0k | $10.42 |
| − OpEx | −$6.0k | −$3.13 |
| NOI | $14.0k | $7.30 |
1,920 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$200.1K
$175.1K – $233.4K
NOI $14,006 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$173.3K
$151.6K – $202.1K
NOI $12,128 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$500.0K
$437.5K – $583.3K
NOI $34,998 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex for sale near downtown and the medical district, with R2B multifamily zoning.
Where is this triplex located?
The property is located at 602 Beirne Avenue Huntsville, AL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Triplex for sale near downtown and the medical district; Convenient to Huntsville Hospital; R2B multifamily zoning
