Two-Unit Duplex with
For Sale
$279,000
715 Main Street East, Hartselle, AL 35640
Residents cover their own utility costs, while the owner handles lawn maintenance.
Property Size2,120 SF
Price / SF$131.60
Days on Market493
Property Features for 715 Main Street East
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
2,120 SF
Year Built
1930
Listing Agency:
Southern Oak Properties, Inc
Listed By:
Blake Wright · License #88094
(256) 345-5900
Source:
Intownpartners
Added: Jun 25, 2025
Changed: Oct 26
Last Checked: Oct 26 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Oak Properties, Inc
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Investment Insights
Based on property information with market context.
This 1930 duplex contains 2,120 square feet across two units. Each residence has two bedrooms, one full bathroom, a kitchen, dining area, living room, laundry room, and walk-in closet. Covered front porches, outdoor storage, and single-car carports serve the units.
At 715 Main Street East in Hartselle, the property is minutes from Hartselle City Schools, restaurants, and I-65, with the interstate providing a commute route toward Madison and Huntsville. Residents pay individual utility costs; lawn care is handled by the owner.
At 715 Main Street East in Hartselle, the property is minutes from Hartselle City Schools, restaurants, and I-65, with the interstate providing a commute route toward Madison and Huntsville. Residents pay individual utility costs; lawn care is handled by the owner.
Key Highlights
- Two‑unit duplex with 2,120 square feet; built in 1930
- Each unit has 2 bedrooms and 1 full bath
- Unit layouts include a kitchen, dining area, living room, laundry room, and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,483
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
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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
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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?
Duplex - Residents cover their own utility costs, while the owner handles lawn maintenance.
Where is this duplex located?
The property is located at 715 Main Street East 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: Two‑unit duplex with 2,120 square feet; built in 1930; Each unit has 2 bedrooms and 1 full bath; Unit layouts include a kitchen, dining area, living room, laundry room, and walk‑in closet
