Ten-Home Rental
For Sale
$2,379,699
6406 Green Meadow Road, Huntsville, AL 35810
MULTI_FAMILY - Huntsville, AL
Property Size17,881 SF
Lot Size1.00 Acre
Price / SF$133.09
Days on Market43
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: Jul 22
Last Checked: Aug 13 at 7:06AM
MLS# 21890899
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,947
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
67
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $2,379,699.
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
