Three-Story Six-Unit Apartment
New
For Sale
$560,000
800 Hundley Drive NW, Huntsville, AL 35801
Residential Income, Huntsville, AL
Property Size4,465 SF
Lot Size0.27 Acres
Price / SF$125.42
Days on Market4
Property Features for 800 Hundley Drive NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Parking features
Parking Lot, Driveway
Appliances
Oven
Subdivision
Old Town
Elementary school
Martin Luther King Jr
Middle school
Chapman
High school
Lee High School
Directions
From Downtown Huntsville - Washington St, L On Monroe, R On Church Street. Street Name Changes At Pratt To Hundey, Property Is On The Left.
Standard status
Active
Size
4,465 SF
Lot size
0.27 Acres
Utilities
Sewer type
Public Sewer
Heating system
Varies by Unit (Heating)
Water source
Public
Amenities
coin operated laundry room
Building Details
Floors in Building
3
Number of units
6
Listing Agency:
Capstone Realty LLC Huntsville
(256) 678-7045
Listed By:
Ianni Nicolaou · License #111647
(205) 223-4006
Added: Aug 31
Last Checked: Sep 3 at 1:06PM
MLS# 21927908
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.
This three-story apartment property contains six units within 4,465 square feet. The unit mix includes five two-bedroom, one-bathroom apartments and one one-bedroom apartment. A coin-operated laundry room serves the property, while heating varies by unit. Parking is provided through a paved lot and driveway.
The property occupies 0.27 acres at 800 Hundley Drive NW in Huntsville, Alabama, with public water and public sewer service. The surrounding setting has no nearby buildings, providing separation from neighboring structures.
The property occupies 0.27 acres at 800 Hundley Drive NW in Huntsville, Alabama, with public water and public sewer service. The surrounding setting has no nearby buildings, providing separation from neighboring structures.
Key Highlights
- Six‑unit, three‑story apartment property totaling 4,465 square feet
- Unit mix includes five 2‑bedroom, 1‑bathroom units and one 1‑bedroom unit
- Coin‑operated laundry room on site
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
$28,204
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
5.04%
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%
$564,080
$564.1K
Cap Rate 7%
$402,914
$402.9K
Cap Rate 9%
$313,378
$313.4K
Market Conditions
NOI Build-Up for 4,465 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
$62.7K $14.04/SF
− Vacancy
−$11.4K −$2.56/SF
EGI
$51.3K $11.48/SF
− OpEx
−$23.1K −$5.17/SF
NOI
$28.2K $6.32/SF
Area
Huntsville, AL
Vacancy
18.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
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%
$564,080
Cap Rate 7%
$402,914
Cap Rate 9%
$313,378
Alternative Uses
Best Use
Apartment 5plus
$402.9K
$352.6K – $470.1K
NOI $28,204 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,388 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with varied unit layouts, on-site laundry, paved parking, and public utilities.
Where is this apartment building located?
The property is located at 800 Hundley Drive NW Huntsville, AL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Six‑unit, three‑story apartment property totaling 4,465 square feet; Unit mix includes five 2‑bedroom, 1‑bathroom units and one 1‑bedroom unit; Coin‑operated laundry room on site
