4-Unit Brick
For Sale
$460,000
Pending
704 DENSON AVENUE SW, Cullman, AL 35055
Residential Income, CULLMAN, AL
Property Size4,187 SF
Lot Size0.35 Acres
Days on Market53
Property Features for 704 DENSON AVENUE SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Parking Lot
Patio and Porch features
Patio
Interior features
Wired for Sound
Appliances
Cooktop, Refrigerator, Dishwasher, Tankless Water Heater
Subdivision
MUSGROVES
Elementary school
WEST CULLMAN
Middle school
CULLMAN
High school
CULLMAN
Directions
FROM CAR: Head toward 4th St SW- 0.1 mi Turn right onto 5th St SW- 0.4 mi Turn left onto Main Ave SW- 240 ft Turn right onto Logan St SW-0.4 mi Turn left onto Denson Ave SW- Destination will be on the left
Standard status
Pending
APN
17-05-16-4-005-007.000
Size
4,187 SF
Lot size
0.35 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2027
Tax Description
PT LOT 24, BLK 32 MUSGROVE 2ND ADD
Tax Annual Amount
164318
Legal Description
PT LOT 24, BLK 32 MUSGROVE 2ND ADD
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Number of units
4
Building materials
Brick
Listing Agency:
Culpepper Real Estate
Listed By:
Lauren Roden · License #168392
(256) 739-1389
Added: Sep 8
Changed: Oct 29
Last Checked: Oct 30 at 4:06AM
MLS# 21928597
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.
The brick quadplex at 704 Denson Avenue SW in Cullman contains four 2-bedroom, 2-bathroom apartments within 4,187 square feet. Built in 1986, the property occupies a 0.35-acre site with a parking lot and patio. Central heating and air conditioning serve the building, and the listed appliances include cooktops, refrigerators, dishwashers, and tankless water heaters.
Three apartments received updates within the last three years, including LVP flooring, interior paint, appliances, and water heaters. Two HVAC systems are less than three years old, and the roof was replaced in 2019. All four units are currently occupied.
Three apartments received updates within the last three years, including LVP flooring, interior paint, appliances, and water heaters. Two HVAC systems are less than three years old, and the roof was replaced in 2019. All four units are currently occupied.
Key Highlights
- Four 2‑bedroom, 2‑bathroom apartments; all units occupied
- 4,187 square feet on a 0.35‑acre site
- Three of the four apartments updated within the last three years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,664
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,280
$493.3K
Cap Rate 7%
$352,343
$352.3K
Cap Rate 9%
$274,044
$274.0K
Market Conditions
NOI Build-Up for 4,187 SF
Gross rent
$37.7K $9.00/SF
− Vacancy
−$2.4K −$0.59/SF
EGI
$35.2K $8.42/SF
− OpEx
−$10.6K −$2.52/SF
NOI
$24.7K $5.89/SF
Area
Cullman 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%
$493,280
Cap Rate 7%
$352,343
Cap Rate 9%
$274,044
Alternative Uses
Best Use
Multifamily LT 5
$352.3K
$308.3K – $411.1K
NOI $24,664 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$323.1K
$282.7K – $376.9K
NOI $22,616 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$617.3K
$540.1K – $720.2K
NOI $43,210 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 35055, AL
22,299
Population
10,664
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
63.8 sq mi
ZIP Area
350
Density / Sq Mi
$58,488
Median Household Income
$40,079
Median Earnings
$934
Median Rent
$195,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are occupied, with each residence configured as a two-bedroom, two-bathroom unit.
Where is this quadplex located?
The property is located at 704 DENSON AVENUE SW Cullman, AL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom apartments; all units occupied; 4,187 square feet on a 0.35‑acre site; Three of the four apartments updated within the last three years
