Brick Duplex with
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 Market492
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
Interior features
Wired for Sound
Appliances
Cooktop, Refrigerator
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
15-01-11-3-001-033.000
Size
2,120 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
PT NE1/4 SW1/4 BEG AT PT ON NW ROW MAIN STR 440'S SW OF W ROW BETHEL ST TH NE ALG ROW 105'S TH NW 200'S TH SW 100'S TH SE 170'S TO POB PT LT 56 NE HART UNRECORDED PLAT
Legal Description
PT NE1/4 SW1/4 BEG AT PT ON NW ROW MAIN STR 440'S SW OF W ROW BETHEL ST TH NE ALG ROW 105'S TH NW 200'S TH SW 100'S TH SE 170'S TO POB PT LT 56 NE HART UNRECORDED PLAT
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Number of units
2
Building materials
Brick
Buildings
1
Listing Agency:
Southern Oak Properties, Inc
(256) 350-2424
Listed By:
Blake Wright · License #88094
(256) 345-5900
Added: Jun 25, 2025
Changed: Oct 29
Last Checked: Oct 29 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 1930, this brick duplex contains 2,120 square feet across two residences on a 0.42-acre parcel. Each home has two bedrooms, one full bathroom, a kitchen, dining area, living room, laundry room, and walk-in closet. Covered front porches, exterior storage, and single-car carports serve the units. Central heating and air conditioning are installed, and public water serves the property.
The property is in downtown Hartselle, minutes from Hartselle City Schools, restaurants, and I-65. Madison and Huntsville are identified as commute destinations. Tenants pay their individual utility costs; the owner covers lawn care.
The property is in downtown Hartselle, minutes from Hartselle City Schools, restaurants, and I-65. Madison and Huntsville are identified as commute destinations. Tenants pay their individual utility costs; the owner covers lawn care.
Key Highlights
- Two residences with a combined 2,120 square feet
- Each unit has 2 bedrooms, 1 full bath, laundry, and a walk‑in closet
- 0.42‑acre parcel; brick construction; built in 1930
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
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a laundry room, and separately paid utilities.
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: Two residences with a combined 2,120 square feet; Each unit has 2 bedrooms, 1 full bath, laundry, and a walk‑in closet; 0.42‑acre parcel; brick construction; built in 1930
