Ten-Home Rental
For Sale
$2,379,689
6406 Green Meadow Road, Huntsville, AL 35810
Business Opportunity, Huntsville, AL
Property Size17,881 SF
Lot Size1.00 Acre
Price / SF$133.08
Days on Market106
Property Features for 6406 Green Meadow Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Directions
10 Property Package Located In Madison County.
Standard status
Active
Size
17,881 SF
Lot size
1.00 Acre
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Re/Max Distinctive · GMAC Real Estate
(256) 882-2223
Listed By:
Sandra Lowrey · License #41691
(256) 990-7653
Added: Jul 2
Changed: Sep 24
Last Checked: Oct 15 at 11:06PM
MLS# 21890899
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Investment Insights
Based on property information with market context.
This offering presents a bundled investment portfolio consisting of 10 tenant-occupied rental homes. The properties are described as well-maintained and positioned within established neighborhoods, designed to support steady rental operations as part of a larger portfolio purchase.
The portfolio is located at 6406 Green Meadow Road in Huntsville, Alabama 35810, in Madison County. The combined site area is listed as 1 acre, with a total property size of 17,881 square feet.
This package is structured for buyers seeking a multi-home rental portfolio rather than an individual property, with each unit currently occupied and included in the sale as one group.
The portfolio is located at 6406 Green Meadow Road in Huntsville, Alabama 35810, in Madison County. The combined site area is listed as 1 acre, with a total property size of 17,881 square feet.
This package is structured for buyers seeking a multi-home rental portfolio rather than an individual property, with each unit currently occupied and included in the sale as one group.
Key Highlights
- Investment opportunity: 10‑home rental portfolio
- Immediate cash flow** from tenant‑occupied homes
- Well‑maintained properties
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,947
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,258,940
$2.3M
Cap Rate 7%
$1,613,529
$1.6M
Cap Rate 9%
$1,254,967
$1.3M
Market Conditions
NOI Build-Up for 17,881 SF
Gross rent
$251.0K $14.04/SF
− Vacancy
−$45.7K −$2.56/SF
EGI
$205.4K $11.48/SF
− OpEx
−$92.4K −$5.17/SF
NOI
$112.9K $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 Rate 5%
$2,258,940
Cap Rate 7%
$1,613,529
Cap Rate 9%
$1,254,967
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,947 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.66M
$4.07M – $5.43M
NOI $325,935 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 35810, AL
29,976
Population
13,283
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
85%
High-School Grad
28.1 sq mi
ZIP Area
1,067
Density / Sq Mi
$46,963
Median Household Income
$31,080
Median Earnings
$1,097
Median Rent
$126,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Single family property - Ten tenant-occupied rental homes presented as a bundled investment portfolio in established residential neighborhoods.
Where is this single family property located?
The property is located at 6406 Green Meadow Road Huntsville, AL.
What is the asking price?
The asking price for this property is $2,379,689.
What are key features of this property?
This property features: Investment opportunity: **10‑home rental portfolio**; Immediate cash flow** from tenant‑occupied homes; Well‑maintained properties
