Hartselle Duplex Near
For Sale
$279,000
715 Main Street E, Hartselle, AL 35640
MULTI_FAMILY - Hartselle, AL
Property Size2,120 SF
Lot Size0.42 Acres
Price / SF$131.60
Days on Market92
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: Jul 28
Last Checked: Jul 30 at 3:06PM
MLS# 21892606
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Investment Insights
Based on property information with market context.
This well-maintained duplex is located in downtown Hartselle, Alabama. The property is situated minutes from Hartselle City Schools, restaurants, and I-65, facilitating commutes to Madison and Huntsville. Each unit features 2 bedrooms, 1 full bath, a kitchen, a dining area, a living room, a laundry room, a large walk-in closet, a covered front porch, an outside storage unit, and a single-car carport. The lot size is 0.42 acres, and the property size is 2120 square feet. Tenants are responsible for all individual utilities, while the owner covers lawn care.
Key Highlights
- Duplex in downtown Hartselle, offering potential rental income.
- Minutes from Hartselle City Schools, restaurants, and I‑65.
- Each unit features 2 bedrooms, 1 full bath, kitchen, dining area, living room, and laundry room.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $12.60 |
| − Vacancy | −$1.7k | −$0.82 |
| EGI | $25.0k | $11.78 |
| − OpEx | −$7.5k | −$3.53 |
| NOI | $17.5k | $8.25 |
2,120 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
63
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
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 - Well-maintained duplex in Hartselle, near schools, restaurants, and I-65.
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: Duplex in downtown Hartselle, offering potential rental income.; Minutes from Hartselle City Schools, restaurants, and I‑65.; Each unit features 2 bedrooms, 1 full bath, kitchen, dining area, living room, and laundry room.
