Townhouse-Style 4-Plex Residential
For Sale
$570,000
9008 Mahogany Row SE, Huntsville, AL 35802
MULTI_FAMILY - Huntsville, AL
Property Size4,932 SF
Lot Size0.40 Acres
Price / SF$115.57
Days on Market51
Property Features for 9008 Mahogany Row SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
8
Parking features
Parking Lot, Off Street
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
1809321005006.000
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
1979
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 9
Changed: Aug 4
Last Checked: Aug 28 at 3:06PM
MLS# 21905223
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.
Townhouse-style 4-plex featuring two three-bedroom, three-bath units and two two-bedroom, three-bath units. The property includes central electric heating and central air conditioning, with a public water supply and public sewer service. Appliances listed include dishwasher, refrigerator, oven, and electric water heater, plus W/D hookup. Parking is provided via an off-street parking lot.
The property sits on a cul-de-sac, which can help reduce drive-through traffic. Lot size is 0.4 acres.
Built in 1979, this residential income property is laid out as a four-unit townhouse style structure and is supported by public utilities including water and sewer.
The property sits on a cul-de-sac, which can help reduce drive-through traffic. Lot size is 0.4 acres.
Built in 1979, this residential income property is laid out as a four-unit townhouse style structure and is supported by public utilities including water and sewer.
Key Highlights
- Townhouse‑style 4‑plex with two 3 bed/3 bath and two 2 bed/3 bath units
- 0.4‑acre lot on a cul‑de‑sac
- Off‑street parking lot provides on‑site parking
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
$35,979
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
6.31%
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%
$719,580
$719.6K
Cap Rate 7%
$513,986
$514.0K
Cap Rate 9%
$399,767
$399.8K
Market Conditions
NOI Build-Up for 4,932 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
$62.1K $12.60/SF
− Vacancy
−$10.7K −$2.18/SF
EGI
$51.4K $10.42/SF
− OpEx
−$15.4K −$3.13/SF
NOI
$36.0K $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 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%
$719,580
Cap Rate 7%
$513,986
Cap Rate 9%
$399,767
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
Multi-tenant
Tenancy
Yes
Paved road access
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 four-plex with private off-street parking lot, public water and sewer, built in 1979.
Where is this quadplex located?
The property is located at 9008 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 two 3 bed/3 bath and two 2 bed/3 bath units; 0.4‑acre lot on a cul‑de‑sac; Off‑street parking lot provides on‑site parking
