Renovated
For Sale
$520,000
805 Main Street E, Hartselle, AL 35640
Residential Income, Hartselle, AL
Property Size3,075 SF
Price / SF$169.11
Days on Market231
Property Features for 805 Main Street E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
8
Parking features
Driveway, Parking Lot
Appliances
Oven, Refrigerator, Dishwasher, W/D Hookup, Electric Water Heater
Subdivision
A M White
Elementary school
Burleson
Middle school
Hartselle Junior High
High school
Hartselle
Directions
Corner Of Main Street And Bethel Road
Standard status
Active
Size
3,075 SF
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Number of units
4
Listing Agency:
Capstone Realty
(256) 382-7300
Listed By:
Mikah McDaniel · License #154287
(256) 309-1000
Added: Mar 5
Changed: Oct 22
Last Checked: Oct 22 at 8:06PM
MLS# 21908878
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.
This 3,075-square-foot quadplex at 805 Main Street E in Hartselle has undergone substantial renovation work, including a new roof, updated water heaters, and HVAC installed in 2017. The property also features rebuilt floor support with new joists, pier footings, and masonry piers, along with PEX water lines, PVC drain lines, and new subflooring throughout.
Interior improvements include remodeled kitchens with updated appliances and cabinetry, renovated bathrooms, laminate flooring, fresh paint, and replacement light fixtures. Central heating and central air serve the building. The property has public water and public sewer, with parking provided by an on-site lot and driveway.
Interior improvements include remodeled kitchens with updated appliances and cabinetry, renovated bathrooms, laminate flooring, fresh paint, and replacement light fixtures. Central heating and central air serve the building. The property has public water and public sewer, with parking provided by an on-site lot and driveway.
Key Highlights
- 3,075‑square‑foot quadplex in Hartselle, AL
- Major renovation work completed in 2024
- New roof, water heaters, floor joists, pier footings, and masonry piers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,359
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,180
$507.2K
Cap Rate 7%
$362,271
$362.3K
Cap Rate 9%
$281,767
$281.8K
Market Conditions
NOI Build-Up for 3,075 SF
Gross rent
$38.7K $12.60/SF
− Vacancy
−$2.5K −$0.82/SF
EGI
$36.2K $11.78/SF
− OpEx
−$10.9K −$3.53/SF
NOI
$25.4K $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%
$507,180
Cap Rate 7%
$362,271
Cap Rate 9%
$281,767
Alternative Uses
Best Use
Multifamily LT 5
$362.3K
$317.0K – $422.7K
NOI $25,359 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$334.5K
$292.7K – $390.3K
NOI $23,415 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$639.7K
$559.8K – $746.4K
NOI $44,782 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with extensive 2024 structural, mechanical, and interior improvements.
Where is this quadplex located?
The property is located at 805 Main Street E Hartselle, AL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 3,075‑square‑foot quadplex in Hartselle, AL; Major renovation work completed in 2024; New roof, water heaters, floor joists, pier footings, and masonry piers
