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 Market186
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
Parking Lot, Driveway
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: Sep 7
Last Checked: Sep 7 at 11:06AM
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.
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 = 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
$25,359
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
4.88%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
