606 HARTSFIELD DRIVE, Mount Olive, AL 35117
- Added:
- Jun 27, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 28 at 7:06 am
Property Features for 606 HARTSFIELD DRIVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 14-00-04-4-003-007.001
Taxes and HOA fees
- Tax Description
- COM AT SE COR OF SW 1/4 OF SE 1/4 TH W 209 FT TH N 60.4 FT TO POB TH NW 121.8 FT TH N 177.5 FT TH SE 121.8 FT TH S 182 FT TO POB
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 4
- Flooring type
- Vinyl, Carpet - Full
- Building materials
- Siding
Listing agent Cassie Carter License #102067 (205) 540-4214
Listing office RE/MAX Advantage 2635 Valleydale Rd, Birmingham, AL (205) 991-1500
Listing date Jun 27, 2026
Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Vacant fourplex ready for immediate lease‑up (no HOA)
- Unit mix: three approx. 700 SF 1‑bedroom/1‑bath units and one approx. 700 SF 2‑bedroom/1‑bath unit
- Central heating and central air, with public water service
- Interiors updated with LVP flooring, fresh paint, and updated lighting
- Convenient parking located directly in front of the building
- Construction materials include siding; year built 1930
Overview
The property is located in Mount Olive, Alabama, in Jefferson County, and is described as being just minutes from I-65 as well as shopping and dining. Birmingham is also referenced as nearby. The offering indicates there is no HOA.
For investors or owner-operators seeking a small residential income building, this setup provides a mix of unit types within the same property. With the property vacant and ready for immediate lease-up, the buyer can move forward with leasing each unit under new ownership. Buyer is advised to verify all information important to them, including rental income potential.
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 | $39.3k | $14.04 |
| − Vacancy | −$4.9k | −$1.73 |
| EGI | $34.5k | $12.31 |
| − OpEx | −$10.3k | −$3.69 |
| NOI | $24.1k | $8.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mount Olive
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.852729
- Latitude
- 33.667904
