Income-Producing Duplex with Value-Add
805 Mckinley Ave NE, Huntsville, AL 35801
For Sale
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Income-producing duplex with long-term tenants and value-add potential.
Property Size1,380 SF
Price / SF$206.45
Days on Market266
Property Features for 805 Mckinley Ave NE
General Information
Standard status
Size
Class
Property subtype
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Huntsville-Keller Williams Realty
Listed By:
Summer Shelkey · License AL #72656
(256) 417-9394
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Oct 28 at 5:53AM
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 Huntsville-Keller Williams Realty
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Investment Insights
Based on property information with market context.
This income-producing duplex, constructed in 1900, presents an opportunity for investors seeking stabilized income with value-add potential. Long-term tenancy is in place, with a recent vacancy allowing for rent repositioning. This property is a 1031 exchange opportunity. Each unit features a functional layout, including a living room, kitchen, and half bath, along with laundry facilities on the main level. The upper level includes a bedroom with a full bath. The main level features heart of pine wood floors. Both units have covered front and rear porches, and share a large, chain link fenced backyard. Appliances, including a dishwasher, refrigerator, and range/oven, will remain in each unit. The roof was replaced in 2017. Tenants are responsible for all utilities, while the owner covers taxes and insurance. The property size is 1380 square feet.
Key Highlights
- Income‑producing duplex with long‑term tenancy in place.
- Value‑add potential through rent repositioning due to recent vacancy.
- Functional layout: living room, kitchen, half bath, & laundry on the main level; bedroom w/ full bath upstairs in each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,067
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,340
$201.3K
Cap Rate 7%
$143,814
$143.8K
Cap Rate 9%
$111,856
$111.9K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$17.4K $12.60/SF
− Vacancy
−$3.0K −$2.18/SF
EGI
$14.4K $10.42/SF
− OpEx
−$4.3K −$3.13/SF
NOI
$10.1K $7.30/SF
Area
Huntsville, AL
Vacancy
17.29%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,340
Cap Rate 7%
$143,814
Cap Rate 9%
$111,856
Alternative Uses
Best Use
Multifamily LT 5
$143.8K
$125.8K – $167.8K
NOI $10,067 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$124.5K
$109.0K – $145.3K
NOI $8,717 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$359.4K
$314.4K – $419.3K
NOI $25,155 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
593
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with long-term tenants and value-add potential.
Where is this duplex located?
The property is located at 805 Mckinley Ave NE Huntsville, AL.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Income‑producing duplex with long‑term tenancy in place.; Value‑add potential through rent repositioning due to recent vacancy.; Functional layout: living room, kitchen, half bath, & laundry on the main level; bedroom w/ full bath upstairs in each unit.
