Hartselle Duplex Investment
803 Main St E, Hartselle, AL 35640
For Sale
Contact for pricing
Fully occupied, full brick duplex in downtown Hartselle.
Property Size2,478 SF
Price / SF$90.80
Days on Market267
Property Features for 803 Main St E
General Information
Standard status
Size
Property subtype
Occupancy
Building Details
Year Built
Buildings
Units
Listing Agency:
Access Real Estate
Listed By:
Sam Mozeb · License AL #90515
(256) 522-1924
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 8 at 6:27AM
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 Access Real Estate
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Investment Insights
Based on property information with market context.
This is an investment opportunity located in downtown Hartselle, featuring a fully occupied, full brick duplex. Each unit offers 2 bedrooms and 1 bathroom, along with a carport. One of the units includes a fenced backyard. The property size is 2478 square feet.
Key Highlights
- Fully occupied duplex provides immediate rental income.
- Located in downtown Hartselle.
- Full brick construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,435
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,700
$408.7K
Cap Rate 7%
$291,929
$291.9K
Cap Rate 9%
$227,056
$227.1K
Market Conditions
NOI Build-Up for 2,478 SF
Gross rent
$31.2K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$29.2K $11.78/SF
− OpEx
−$8.8K −$3.53/SF
NOI
$20.4K $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%
$408,700
Cap Rate 7%
$291,929
Cap Rate 9%
$227,056
Alternative Uses
Best Use
Multifamily LT 5
$291.9K
$255.4K – $340.6K
NOI $20,435 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$269.6K
$235.9K – $314.5K
NOI $18,869 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$515.5K
$451.1K – $601.5K
NOI $36,088 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
252
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 - Fully occupied, full brick duplex in downtown Hartselle.
Where is this duplex located?
The property is located at 803 Main St E Hartselle, AL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Fully occupied duplex provides immediate rental income.; Located in downtown Hartselle.; Full brick construction.
