Corner-Lot Duplex with Separate
For Sale
$319,000
901 Stevens Court NE, Huntsville, AL 35801
Residential Income, Huntsville, AL
Property Size1,919 SF
Lot Size0.18 Acres
Price / SF$166.23
Days on Market47
Property Features for 901 Stevens Court NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Multi Family
Parking
2
Parking features
Driveway
Patio and Porch features
Deck
Fencing
Privacy
Appliances
Oven, Refrigerator, Dishwasher, W/D Hookup
Subdivision
Stevens Court
Elementary school
Blossomwood
Middle school
Chapman
High school
Lee High School
Directions
From Andrew Jackson, Head East On Maysville, Take A Left On Stevens Court, Property Is On The Left.
Standard status
Active
APN
1309304002068.000
Size
1,919 SF
Lot size
0.18 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Number of units
2
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Elizabeth Foster · License #100907
(256) 652-9063
Added: Aug 4
Changed: Aug 19
Last Checked: Sep 19 at 3:06PM
MLS# 21925602
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 1,919-square-foot duplex sits on a 0.18-acre corner lot in Huntsville. The larger unit offers 3 bedrooms, 1 bath, and a deck overlooking the yard, while the second unit includes 2 bedrooms and 1 bath. Both HVAC systems were recently replaced, and each side has its own paved driveway. Additional features include central heating and cooling, a privacy fence, and washer/dryer hookups. The property is served by public water and public sewer and includes an oven, refrigerator, and dishwasher.
The home is approximately 5 minutes from Downtown Huntsville and directly across from the grounds of Oak Place. Its location, separate driveways, and two distinct floor plans support flexible owner-occupant or rental use without adding unsupported assumptions about operations.
The home is approximately 5 minutes from Downtown Huntsville and directly across from the grounds of Oak Place. Its location, separate driveways, and two distinct floor plans support flexible owner-occupant or rental use without adding unsupported assumptions about operations.
Key Highlights
- 1,919‑square‑foot duplex on a 0.18‑acre corner lot
- Unit mix includes 3 bedrooms/1 bath and 2 bedrooms/1 bath
- Both HVAC systems recently replaced
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
$13,999
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
4.39%
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%
$279,980
$280.0K
Cap Rate 7%
$199,986
$200.0K
Cap Rate 9%
$155,544
$155.5K
Market Conditions
NOI Build-Up for 1,919 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
$24.2K $12.60/SF
− Vacancy
−$4.2K −$2.18/SF
EGI
$20.0K $10.42/SF
− OpEx
−$6.0K −$3.13/SF
NOI
$14.0K $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%
$279,980
Cap Rate 7%
$199,986
Cap Rate 9%
$155,544
Alternative Uses
Best Use
Multifamily LT 5
$200.0K
$175.0K – $233.3K
NOI $13,999 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$173.2K
$151.5K – $202.0K
NOI $12,122 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$499.7K
$437.3K – $583.0K
NOI $34,980 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with central HVAC and paved driveways serving each side.
Where is this duplex located?
The property is located at 901 Stevens Court NE Huntsville, AL.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 1,919‑square‑foot duplex on a 0.18‑acre corner lot; Unit mix includes 3 bedrooms/1 bath and 2 bedrooms/1 bath; Both HVAC systems recently replaced
