Duplex with Covered
For Sale
$279,000
715 Main Street E, Hartselle, AL 35640
Residential Income, Hartselle, AL
Property Size2,120 SF
Lot Size0.42 Acres
Price / SF$131.60
Days on Market137
Property Features for 715 Main Street E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Curb/Gutters, Sidewalks
Appliances
Oven, Refrigerator, W/D Hookup
Subdivision
Metes And Bounds
Elementary school
F. E. Burleson Elementary
Middle school
Hartselle
High school
Hartselle
Directions
Hwy 31 North, Right Hwy 36, Cross Over Railroad Tracks And The Duplex Will Be On The Left.
Standard status
Active
APN
1501113001033.000
Size
2,120 SF
Lot size
0.42 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Number of units
2
Listing Agency:
Southern Oak Properties, Inc
(256) 350-2424
Listed By:
Blake Wright · License #88094
(256) 345-5900
Added: Apr 30
Changed: Sep 2
Last Checked: Sep 13 at 11:06PM
MLS# 21892606
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.
Built in 1930, this duplex contains 2,120 square feet on a 0.42-acre lot in Hartselle. Each residence has two bedrooms, one full bathroom, a kitchen, dining space, living room, laundry room, and a large walk-in closet. Covered front porches, an outside storage unit, and single-car carport parking serve the property. Central heating and central air conditioning are provided, with ovens, refrigerators, and washer/dryer hookups in the units.
The property is located on Main Street E near Hartselle City Schools, restaurants, and I-65, with access toward Madison and Huntsville. Curb-and-gutter improvements and sidewalks are present. Tenants pay their individual utilities, while the owner handles lawn care. Public water and public sewer serve the property.
The property is located on Main Street E near Hartselle City Schools, restaurants, and I-65, with access toward Madison and Huntsville. Curb-and-gutter improvements and sidewalks are present. Tenants pay their individual utilities, while the owner handles lawn care. Public water and public sewer serve the property.
Key Highlights
- 2,120‑square‑foot duplex on a 0.42‑acre lot
- Each unit includes 2 bedrooms and 1 full bath
- Both residences feature kitchens, dining areas, living rooms, and laundry rooms
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
$17,483
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
6.27%
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%
$349,660
$349.7K
Cap Rate 7%
$249,757
$249.8K
Cap Rate 9%
$194,256
$194.3K
Market Conditions
NOI Build-Up for 2,120 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
$26.7K $12.60/SF
− Vacancy
−$1.7K −$0.82/SF
EGI
$25.0K $11.78/SF
− OpEx
−$7.5K −$3.53/SF
NOI
$17.5K $8.25/SF
Area
Morgan County, AL
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$349,660
Cap Rate 7%
$249,757
Cap Rate 9%
$194,256
Alternative Uses
Best Use
Multifamily LT 5
$249.8K
$218.5K – $291.4K
NOI $17,483 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$230.6K
$201.8K – $269.1K
NOI $16,143 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$441.1K
$385.9K – $514.6K
NOI $30,874 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 35640, AL
25,913
Population
11,023
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
106.9 sq mi
ZIP Area
242
Density / Sq Mi
$69,686
Median Household Income
$43,844
Median Earnings
$767
Median Rent
$196,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences include private laundry areas, exterior storage, and single-car carports.
Where is this duplex located?
The property is located at 715 Main Street E Hartselle, AL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 2,120‑square‑foot duplex on a 0.42‑acre lot; Each unit includes 2 bedrooms and 1 full bath; Both residences feature kitchens, dining areas, living rooms, and laundry rooms
