Renovated Multifamily
805 Main Street E Hartselle, AL 35640
For Sale
$520,000
MULTI_FAMILY - Hartselle, AL
Property Size3,075 SF
Price / SF$169.11
Days on Market140
Property Features for 805 Main Street E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Parking Lot, Driveway
- Appliances
- Oven, Refrigerator, Dishwasher, W/D Hookup, Electric Water Heater
- 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: Jul 23
Last Checked: Jul 23 at 12:06PM
MLS# 21908878
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Investment Insights
Based on property information with market context.
This renovated multifamily quadplex offers extensive 2024 upgrades and a turn-key setup. Reported improvements include a brand-new roof, updated water heaters, and a solid HVAC system installed in 2017. Substantial structural and mechanical work includes a new floor joist system, new pier footings and masonry piers, new PEX water lines, new PVC drain lines, and new subflooring throughout.
Interior renovations include refreshed kitchens with updated appliances and cabinetry, fully renovated bathrooms with new tubs, vanities, and toilets, new laminate flooring throughout, fresh interior paint, and updated light fixtures.
The property is presented as a ready-to-occupy option for owner-occupants or investors.
Interior renovations include refreshed kitchens with updated appliances and cabinetry, fully renovated bathrooms with new tubs, vanities, and toilets, new laminate flooring throughout, fresh interior paint, and updated light fixtures.
The property is presented as a ready-to-occupy option for owner-occupants or investors.
Key Highlights
- Major renovations completed in 2024, including a brand‑new roof.
- Newer plumbing: all new PEX water lines and new PVC drain lines.
- Foundation and structural upgrades include new floor joist system, new pier footings, and masonry piers.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.7k | $12.60 |
| − Vacancy | −$2.5k | −$0.82 |
| EGI | $36.2k | $11.78 |
| − OpEx | −$10.9k | −$3.53 |
| NOI | $25.4k | $8.25 |
3,075 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Equimeds
Kennel & Boarding Facility
FAQs
What type of property is this?
Quadplex - Turn-key quadplex with comprehensive 2024 renovations, including new roof, updated plumbing, refreshed kitchens, and fully renovated bathrooms.
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: Major renovations completed in 2024, including a brand‑new roof.; Newer plumbing: all new PEX water lines and new PVC drain lines.; Foundation and structural upgrades include new floor joist system, new pier footings, and masonry piers.
