Huntsville Fourplex in Quiet
For Sale
$570,000
9002 Mahogany Row SE, Huntsville, AL 35802
MULTI_FAMILY - Huntsville, AL
Property Size4,932 SF
Lot Size0.40 Acres
Price / SF$115.57
Days on Market20
Property Features for 9002 Mahogany Row SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
8
Parking features
Off Street, Parking Lot
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Refrigerator, Oven, W/D Hookup
Subdivision
Timberbrook
Elementary school
Weatherly Heights
Middle school
Mountain Gap
High school
Grissom High School
Directions
Go South On Baily Cove Road, Right On Weatherly Road, Right On Mahogany Row; Or Go South On Hwy 231, Left On Weatherly Road, Left On Mahogany Row.
Standard status
Active
APN
1809321005003.000
Size
4,932 SF
Lot size
0.40 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Number of units
4
Listing Agency:
Gateway Al Realty Group LLC
(256) 509-2078
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 12
Changed: Jul 28
Last Checked: Jul 31 at 5:06PM
MLS# 21905220
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Investment Insights
Based on property information with market context.
This townhouse-style fourplex features two three-bedroom, three-bath units and two two-bedroom, two-bath units. It is situated in a popular Huntsville location, offering convenient access to workplaces and shopping areas. The property benefits from its location on a cul-de-sac, which reduces through traffic, and includes a private parking lot. The surrounding neighborhood is noted as quiet. The property size is 4,932 square feet and the lot size is 0.4 acres. This property is located in Madison County. For a portfolio purchase, two additional fourplex properties are located at 9008 & 9016 Mahogany Row.
Key Highlights
- Townhouse‑style 4‑plex with 4 total units: two 3‑bedroom/3‑bath units and two 2‑bedroom/2‑bath units
- Year built 1980
- Central heating and central air
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 | $62.1k | $12.60 |
| − Vacancy | −$10.7k | −$2.18 |
| EGI | $51.4k | $10.42 |
| − OpEx | −$15.4k | −$3.13 |
| NOI | $36.0k | $7.30 |
4,932 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$514.0K
$449.7K – $599.7K
NOI $35,979 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$445.0K
$389.4K – $519.2K
NOI $31,153 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,900 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 35802, AL
23,842
Population
12,359
Households
1.9
Avg Household Size
44
Median Age
51%
College-Educated
95%
High-School Grad
16.4 sq mi
ZIP Area
1,454
Density / Sq Mi
$72,195
Median Household Income
$46,938
Median Earnings
$1,051
Median Rent
$319,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Townhouse-style fourplex in Huntsville, convenient location, private parking.
Where is this quadplex located?
The property is located at 9002 Mahogany Row SE Huntsville, AL.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Townhouse‑style 4‑plex with 4 total units: two 3‑bedroom/3‑bath units and two 2‑bedroom/2‑bath units; Year built 1980; Central heating and central air
